FRANCISCAN MINISTRIES INC

EIN: 363259684 501(c)(3)

WHEATON, IL

Total Revenue
$25,207
Total Expenses
$10,218,004
Total Assets
N/A
Net Assets
N/A
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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
1983
Legal Domicile
IL
Principal Officer
JOHN D OLIVERIO
Phone
6309096600
Tax Period
2017-07-01 to 2018-06-30

FRANCISCAN MINISTRIES INC, founded in 1983, is a micro nonprofit that reported $25K in total revenue in fiscal year 2017. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $10.2M exceeded revenue, resulting in a 40436% operating deficit.

Mission

FRANCISCAN MINISTRIES, INC. (FMI), A WHOLLY OWNED SUBSIDIARY OF WHEATON FRANCISCAN SERVICES, INC. (WFSI), WAS FORMED IN JULY 1983 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT.

Program Service Accomplishments

Program 1
Expenses: $10,099,441 Revenue: $25,207

FRANCISCAN MINISTRIES WAS INCORPORATED IN 1983 AS THE HOLDING COMPANY FOR WHEATON FRANCISCAN SERVICES, INC.'S SHELTER SERVICES. FRANCISCAN MINISTRIES FOCUSES ON COMMUNITIES WHERE HOUSING IS NEEDED...

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FRANCISCAN MINISTRIES WAS INCORPORATED IN 1983 AS THE HOLDING COMPANY FOR WHEATON FRANCISCAN SERVICES, INC.'S SHELTER SERVICES. FRANCISCAN MINISTRIES FOCUSES ON COMMUNITIES WHERE HOUSING IS NEEDED MOST, WITH 2,620 UNITS FOR LOW-INCOME FAMILIES, SENIORS, AND SPECIAL NEEDS RESIDENTS THROUGHOUT COLORADO, ILLINOIS, IOWA, AND WISCONSIN. AFTER A PERIOD OF DISCERNMENT, THE DECISION WAS MADE THAT THE HOUSING UNITS WOULD BE BEST SERVED UNDER NEW SPONSORSHIP. BEGINNING IN FEBRUARY 2016 THROUGH JUNE 2018, TRANSFERS TO A NEW SPONSOR BECOME EFFECTIVE UPON FINAL NEGOTIATION OF DEFINITIVE AGREEMENTS AND ALL REQUIRED APPROVALS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,633
Other Revenue $23,574
TOTAL REVENUE $25,207

Expense Breakdown

Grants Paid $10,074,752
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,099,441
Other Expenses $143,252
TOTAL EXPENSES $10,218,004

Year-over-Year Comparison

2017 2016 Change
Revenue $25,207 $10,936,334 -1.0%
Expenses $10,218,004 $26,308,137 -0.6%
Net Income $-10,192,797 $-15,371,803 -0.3%
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
4
Independent Members
1
Employees
9
Volunteers
1

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
2
$2,711,132
Total Directors
3
$2,711,132
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN OLIVERIO PRESIDENT AND CHAIR 1.00
Officer Director
$0 $25,423 $2,711,132
SR SHIRLEY KRULL DIRECTOR 1.00
Director
$0 $0 $0
SR MARGARET GREMPKA VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN DILLBERG PRESIDENT - DIRECTOR 1.00
$0 $16,783 $362,722
SHARI KOEHLER SR VP AND CFO FMI 40.00
$0 $8,006 $181,368
JOHN PIOMBINO ACCOUNTING MANAGER 40.00
$0 $7,869 $124,865
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
2018 $25,207 $10,218,004 No data $-10,192,797
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