Providence St Mel Foundation (EIN 363846011) - 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

Phone

7737224600

Tax Period

2022-07-01 to 2023-06-30

Providence St Mel Foundation, founded in 1994, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 369% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 287% operating deficit.

Mission

TO HOLD FUNDS AND DISBURSE EARNINGS TO PROVIDENCE ST. MEL SCHOOL FOR SCHOLARSHIP AND GENERAL OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,170,672

Other Revenue $0

TOTAL REVENUE $1,170,672

Expense Breakdown

Grants Paid $4,534,418

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,534,418

Other Expenses $0

TOTAL EXPENSES $4,534,418

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,170,672	$249,809	+3.7%
Expenses	$4,534,418	N/A	N/A
Net Income	$-3,363,746	$249,809	-14.5%

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

$421,872

Total Directors

$421,872

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Secretary/Treasurer	0.2	Officer Director	$0	$28,562	$223,708
N/A	Board President	0.2	Officer Director	$0	$38,018	$198,164
N/A	Trustee	0.2	Director	$0	$0	$0
N/A	Trustee	0.2	Director	$0	$0	$0
N/A	Trustee	0.2	Director	$0	$0	$0
N/A	Trustee	0.2	Director	$0	$0	$0
N/A	Trustee	0.2	Director	$0	$0	$0
N/A	Trustee	0.2	Director	$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
2023	$1,170,672	$4,534,418	No data	$-3,363,746
2022	$249,809	No data	$5,268,361	No data
2021	$206,708	No data	$6,061,596	No data
2020	$111,353	No data	$4,535,393	No data
2019	$1,120,553	$778,212	$4,452,170	$342,341
2018	$109,654	No data	$4,244,228	No data

Providence St Mel Foundation