DIOCESE OF CLEVELAND FACILITIES SERVICES CORPORATION (EIN 341754839) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

PATRICK GAREAU

Phone

2163342900

Tax Period

2023-01-01 to 2023-12-31

DIOCESE OF CLEVELAND FACILITIES SERVICES CORPORATION, founded in 1994, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE LEADERSHIP AND EXPERTISE IN THE PLANNING, CONSTRUCTION MANAGEMENT, CONSTRUCTION FINANCING, MAINTENANCE AND RENOVATION OF THE BUILDINGS IN WHICH THE CHARITABLE ACTIVITIES OF CATHOLIC CHARITIES CORPORATION OCCUR.

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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 $946

Program Service Revenue $2,182,165

Investment Income $7,276

Other Revenue $21,479

TOTAL REVENUE $2,211,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,123,843

Other Expenses $3,254,917

TOTAL EXPENSES $3,254,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,211,866	$2,597,865	-0.1%
Expenses	$3,254,917	$3,635,670	-0.1%
Net Income	$-1,043,051	$-1,037,805	+0.0%

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

Volunteers

N/A

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

$491,790

Total Directors

$491,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK GAREAU	PRESIDENT & CEO	5.00	Officer Director	$0	$41,732	$278,348
JAMES GRAHAM	TREASURER	5.00	Officer Director	$0	$37,177	$213,442
MEGAN KIM	DIRECTOR	1.00	Director	$0	$0	$0
TODD SCHRAEDER	DIRECTOR	1.00	Director	$0	$0	$0
TOM NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE MURTAUGH	FORMER EXEC. DIRECTOR	0.00		$101,123	$0	$101,123

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	$2,211,866	$3,254,917	$13,338,368	$-1,043,051
2022	$2,597,865	$3,635,670	$13,376,973	$-1,037,805
2021	$4,329,000	$3,384,077	$12,787,682	$944,923
2020	$2,725,290	$3,726,133	$15,068,044	$-1,000,843
2019	$2,828,233	$3,965,174	$16,126,845	$-1,136,941
2018	$2,864,790	$3,822,556	$17,676,582	$-957,766

DIOCESE OF CLEVELAND FACILITIES SERVICES CORPORATION