FRIENDS OF ANNUNCIATION CATHOLIC

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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

2011

Legal Domicile

Principal Officer

REV JEFFREY WALDREP

Phone

6623282927

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF ANNUNCIATION CATHOLIC, founded in 2011, is a micro nonprofit in the Religion sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 86% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO RESTORE AND MAINTAIN THE HISTORIC STRUCTURE KNOWN AS THE CHURCH OF THE ANNUNCIATION.

Program Service Accomplishments

Program 1

Expenses: $375

RESTORATION OF THE HISTORIC STRUCTURE INCLUDING COMPLETE INTERIOR RESTORATION, REFINISHING WOOD FLOOR, DECORATIVE PAINTING, INSTALLATION OF NEW PEWS AND ALTAR RAIL. ONGOING ROUTINE UPKEEP AND ALL...

RESTORATION OF THE HISTORIC STRUCTURE INCLUDING COMPLETE INTERIOR RESTORATION, REFINISHING WOOD FLOOR, DECORATIVE PAINTING, INSTALLATION OF NEW PEWS AND ALTAR RAIL. ONGOING ROUTINE UPKEEP AND ALL REPAIRS NEEDED FOR THE HISTORIC BUILDING.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,814

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375

Other Expenses $3,120

TOTAL EXPENSES $3,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,814	$179,174	-0.9%
Expenses	$3,120	$19,990	-0.8%
Net Income	$18,694	$159,184	-0.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DICK MAHONEY	BOARD MEMBER	0.50	Director	$0	$0	$0
GAIL BOLAND	VICE PRESIDE	0.50	Officer	$0	$0	$0
KAREN HENRY	PRESIDENT	1.00	Officer	$0	$0	$0
WANDA HOLLEY	TREASURER	1.00	Officer	$0	$0	$0
REV JEFFREY WALDREP	CHAIRMAN	3.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$21,814	$3,120	$39,264	$18,694
2022	$179,174	$19,990	$20,570	$159,184
2021	$100,427	$30,417	$31,667	$70,010
2020	$176,555	$21,963	$71,929	$154,592
2019	$215,202	$31,779	$21,193	$183,423
2018	$337,632	$56,174	$45,795	$281,458