CATHOLIC CHARITIES CORPORATION

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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

1971

Legal Domicile

Principal Officer

PATRICK GAREAU

Phone

2163342900

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC CHARITIES CORPORATION, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $60.0M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $66.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

WITH OVER 100 YEARS OF SUCCESSFUL SERVICE, CATHOLIC CHARITIES HAS BECOME ONE OF THE LARGEST, MOST COMPREHENSIVE SYSTEMS OF CARE IN NORTHEAST OHIO. DRIVEN BY FAITH AND MISSION, WE SERVE OVER 400,000 PEOPLE PER YEAR IN OVER 40 LOCATIONS FOR PEOPLE OF EVERY RACE AND RELIGION IN EACH OF THE EIGHT COUNTIES WITHIN THE DIOCESE OF CLEVELAND. CATHOLIC CHARITIES SEEKS TO HONOR THE DIGNITY OF EVERY PERSON ENCOUNTERED THROUGH OUR WORK, AND TO PROVIDE HELP AND HOPE THROUGH COMPASSION AND JUSTICE.

Program Service Accomplishments

Program 1

Expenses: $17,976,823 Revenue: $4,958,910

CHILDREN AND FAMILY SERVICES: CATHOLIC CHARITIES VALUES THE FAMILY UNIT AND HAS DEVELOPED INTEGRAL SERVICES TO POSITIVELY IMPACT FAMILY COHESION AND HELP CHILDREN DEVELOP SOCIALLY AND EMOTIONALLY IN PREPARATION FOR ACADEMIC SUCCESS. WE OFFER SEVERAL PROGRAMS LIKE FOSTER CARE AND ADOPTION SERVICES, HEAD START, HELP ME GROW, PARENTING EDUCATION, AFTER SCHOOL PROGRAMS, AND SUMMER CAMPS. OUR FAMILY CENTERS SERVE AS "COMMUNITY HUBS" WHERE MANY OF THESE SERVICES ARE PROVIDED.

Program 2

Expenses: $14,469,354 Revenue: $7,603,132

BEHAVIORAL HEALTH SERVICES:CATHOLIC CHARITIES OFFERS A CONTINUUM OF BEHAVIORAL HEALTH SERVICES FOR THOSE STRUGGLING TO COPE WITH EMOTIONAL, PSYCHIATRIC AND/OR SUBSTANCE USE DISORDERS. OUR STAFF ARE COMPRISED OF BOTH LICENSED AND OTHER QUALIFIED, TRAINED PROFESSIONALS WHO OFFER SERVICES TAILORED FOR CHILDREN, YOUTH AND ADULTS AT VARIOUS LOCATIONS THROUGHOUT OUR EIGHT COUNTY REGION. OUR SERVICES ARE TAILORED TO MEET THE INDIVIDUAL NEEDS OF THE CLIENTS INCLUDING CULTURALLY SENSITIVE AND BILINGUAL SERVICES. WE OFFER INTENSIVE AND NON-INTENSIVE OUTPATIENT COUNSELING, INDIVIDUAL AND GROUP THERAPY, PSYCHIATRIC AND RESIDENTIAL SERVICES, CASE MANAGEMENT AND PSYCHOEDUCATIONAL GROUPS.

Program 3

Expenses: $10,697,951 Revenue: $166,131

PARISH AND PASTORAL SERVICES:CATHOLIC CHARITIES WORKS IN PARTNERSHIP WITH PARISHES, COMMUNITY ORGANIZATIONS, AND OTHER DIOCESAN OFFICES TO PROVIDE FORMATIVE EDUCATION, TRAINING ACTIVITIES AND DIRECT SERVICES TO INDIVIDUALS AND FAMILIES, INCLUDING YOUNG ADULTS, MIGRANTS AND REFUGEES. OUR MARRIAGE AND FAMILY STAFF WORK TO PRESERVE AND/OR RESTORE FAMILIES THROUGH EDUCATION, COACHING AND MENTORING. OUR CYO OFFICE SEEKS TO INSPIRE YOUTH TO LOVE AND SERVE THROUGH CREATIVE USE OF ATHLETICS. THE OFFICE OF HUMAN LIFE SEEKS DIGNITY SERVICES FOR VULNERABLE POPULATIONS. THE SOCIAL ACTION OFFICE PROVIDES EDUCATION AND ADVOCACY AND ENSURES THAT ORGANIZATIONAL ACTIONS TAKEN ARE CONSISTENT WITH THE PRIORITIES OF THE BISHOP OF CLEVELAND, THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, CATHOLIC CONFERENCE OF OHIO, AND CATHOLIC CHARITIES USA.

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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 $45,440,756

Program Service Revenue $12,925,777

Investment Income $1,134,630

Other Revenue $462,924

TOTAL REVENUE $59,964,087

Expense Breakdown

Grants Paid $5,189,999

Salaries & Benefits $39,781,936

Fundraising Expenses $3,177,339

Program Expenses $53,660,243

Other Expenses $18,873,226

TOTAL EXPENSES $66,112,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,964,087	$67,297,112	-0.1%
Expenses	$66,112,657	$56,771,756	+0.2%
Net Income	$-6,148,570	$10,525,356	-1.6%

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

973

Volunteers

3806

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

$822,561

Total Directors

$278,348

Key Employees

$197,945

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK AQUINO	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BENDER	DIRECTOR	2.00	Director	$0	$0	$0
TOM BERNOT	DIRECTOR	2.00	Director	$0	$0	$0
KATE BIGGAR	DIRECTOR	2.00	Director	$0	$0	$0
TONY CHIN	DIRECTOR	2.00	Director	$0	$0	$0
KEITH DURAND	DIRECTOR	2.00	Director	$0	$0	$0
KATHY ESBENSHADE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HORVATH	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN KIM	CHAIR	2.00	Officer Director	$0	$0	$0
ED LIGGETT	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LOESCH	DIRECTOR	2.00	Director	$0	$0	$0
JOANNA LOPEZ INMAN	DIRECTOR	2.00	Director	$0	$0	$0
PETER MALIZIA	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD MANSON	DIRECTOR	2.00	Director	$0	$0	$0
DOROTHY NEMEC	DIRECTOR	2.00	Director	$0	$0	$0
JARED RISPINTO	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY SEARCY	SECRETARY	2.00	Officer Director	$0	$0	$0
CLINT SIMMONS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA STARON	DIRECTOR	2.00	Director	$0	$0	$0
DOUG TAYEK	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE CASON	DIRECTOR	2.00	Director	$0	$0	$0
BERNADETTE COBERLY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES DOTTORE	DIRECTOR	2.00	Director	$0	$0	$0
KATE FIALA	DIRECTOR	2.00	Officer Director	$0	$0	$0
ERIC GERMAN	TREASURER	2.00	Director	$0	$0	$0
ANNA HERCEG	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KOZLOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
FRANK LEGAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LONSWAY	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MATONEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA NIRO	DIRECTOR	2.00	Director	$0	$0	$0
TOM NOVAK	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON PATTON	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN PIENKOFER	DIRECTOR	2.00	Director	$0	$0	$0
RETANIO RUCKER	DIRECTOR	2.00	Director	$0	$0	$0
SR KATHLEEN RYAN	DIRECTOR	2.00	Director	$0	$0	$0
REV THOMAS STOCK	DIRECTOR	2.00	Director	$0	$0	$0
DEBORA VENZOR	DIRECTOR	2.00	Director	$0	$0	$0
TIM WARNER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK GAREAU	PRESIDENT/CEO	40.00	Officer Director	$236,616	$41,732	$278,348
JAMES GRAHAM	CHIEF FIN. OFF.	40.00	Officer	$176,265	$37,177	$213,442
ANDREA HARRIS	CHIEF ADM. OFF.	40.00	Officer	$140,835	$33,986	$174,821
FREDY ROBLES	CHIEF PROG. OFF.	40.00	Officer	$145,918	$10,032	$155,950
LISA BLACK	GENERAL COUNSEL	40.00	Key Emp	$168,848	$29,097	$197,945
RACHEL EHRET	NURSE PRACTITIONER	40.00	Highest	$145,858	$37,758	$183,616
WILLIAM KLINE III	SR. DIRECTOR - TPR	40.00	Highest	$110,674	$28,811	$139,485
CHRISTINE HORNE	SR. DIR. TRAIN & STRATEGY	40.00	Highest	$116,403	$22,401	$138,804
LINDA SCHETTLER	DIR. EARLY LEARNING	40.00	Highest	$108,418	$34,671	$143,089
JOAN HINKLEMAN	SR. DIR. FAMILY SERVICES	40.00	Highest	$115,743	$16,604	$132,347

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
2024	No data	No data	No data	No data
2023	$59,964,087	$66,112,657	$74,243,690	$-6,148,570
2022	$67,297,112	$56,771,756	$73,741,656	$10,525,356
2021	$52,175,078	$51,015,070	$62,419,322	$1,160,008
2021	$52,175,078	$51,015,070	$62,419,322	$1,160,008
2020	$52,022,322	$51,975,134	$58,517,861	$47,188
2019	$56,199,079	$55,163,923	$54,460,867	$1,035,156
2018	$54,645,044	$51,527,301	$50,109,253	$3,117,743