THE CLADDAGH FUND CHARITIES INC

EIN: 271420421 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$401,753
Total Expenses
$312,156
Total Assets
$252,958
Net Assets
$152,563
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
KENNETH CASEY
Phone
6172708640
Tax Period
2024-07-01 to 2025-06-30

THE CLADDAGH FUND CHARITIES INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $402K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $90K, a strong 22% operating margin.

Mission

THE CLADDAGH FUND SEEKS TO IMPROVE THE LIVES OF SUFFERING INDIVIDUALS ENABLING THEM WITH THE SUPPORT AND TOOLS NECESSARY TO ENHANCE THEIR QUALITY OF LIFE AND THE LIVES OF THE CHILDREN OF THEIR FAMILIES. THE CLADDAGH FUND FOCUSES ON AIDING VICTIMS OF HORRIFIC EVENTS, VETERAN CAUSES, FAMILIES OF DECEASED SOLDIERS, ALCOHOL AND DRUG RECOVERY PROGRAMS, RELIEF OF THE UNDERPRIVILEDGED, COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY. THE FUND SUPPORTS MEDICAL RESEARCH TO IMPROVE THE LIVES OF FAMILIES SUFFERING FROM DISEASE. THE FUND HOLDS SPECIAL EVENTS AND SELL MERCHANDISE TO RAISE MONEY FOR THESE CAUSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $131,829
Program Service Revenue $0
Investment Income $0
Other Revenue $269,924
TOTAL REVENUE $401,753

Expense Breakdown

Grants Paid $215,691
Salaries & Benefits $75,665
Fundraising Expenses $12,166
Program Expenses $227,041
Other Expenses $20,800
TOTAL EXPENSES $312,156

Year-over-Year Comparison

2024 2023 Change
Revenue $401,753 $430,301 -0.1%
Expenses $312,156 $506,779 -0.4%
Net Income $89,597 $-76,478 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
11
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH CASEY PRESIDENT 5.00
Officer Director
$0 $0 $0
GERRY CURTIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID GREANEY DIRECTOR 1.00
Director
$0 $0 $0
DAVID HUGHES SECRETARY 1.00
Director
$0 $0 $0
GARY MURAD DIRECTOR 1.00
Director
$0 $0 $0
BRIAN O'DONNELL TREASURER 1.00
Director
$0 $0 $0
DECLAN MEHIGAN DIRECTOR 1.00
Director
$0 $0 $0
SHAWN THORNTON DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MCKENZIE DIRECTOR 1.00
Director
$0 $0 $0
WAYNE GAY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON EXECUTIVE DIRECTOR 1.00
Director
$36,000 $0 $36,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $401,753 $312,156 $252,958 $89,597
2024 No data No data No data No data
2023 $387,075 $463,820 $224,914 $-76,745
2022 $401,837 $517,313 $360,998 $-115,476
2021 $214,302 $182,710 $344,265 $31,592
2020 $768,029 $752,145 $684,086 $15,884
2019 $350,800 $336,745 $366,286 $14,055
2018 $485,360 $433,617 $334,328 $51,743
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