Providence St Mel Foundation

EIN: 363846011 501(c)(3)

Chicago, IL

Total Revenue
$1,170,672
Total Expenses
$4,534,418
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
1994
Legal Domicile
IL
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

THE PURPOSE OF PROVIDENCE ST. MEL FOUNDATION IS TO HOLD FUNDS AND DISBURSE EARNINGS TO PROVIDENCE ST. MEL SCHOOL FOR SCHOLARSHIP AND GENERAL OPERATION PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $4,534,418 Revenue: $0

PROVIDENCE ST. MEL FOUNDATION WAS ORGANIZED TO COLLECT AND DISBURSE FUNDS TO PROVIDENCE ST. MEL SCHOOL, A RELATED TAX-EXEMPT SCHOOL. ALL FUNDS ON HAND WERE DISBURSED DURING THIS FISCAL YEAR.

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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 (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

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
8

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
$421,872
Total Directors
8
$421,872
Key Employees
0
$0
Highest Compensated
0
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
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