FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER GRAND RAPIDS INC

EIN: 382175690 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$1,629,835
Total Expenses
$993,314
Total Assets
$29,654,012
Net Assets
$28,792,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MI
Principal Officer
MICHAEL A LOWN
Phone
6165146069
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER GRAND RAPIDS INC, founded in 1975, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $637K, a strong 39% operating margin.

Mission

THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION EXISTS TO FINANCIALLY SUPPORT EDUCATION PROGRAMS OF CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH THROUGH TUITION ASSISTANCE, FACULTY ENHANCEMENT AND PROGRAM/FACILITIES

Program Service Accomplishments

Program 1
Expenses: $975,361

THE FOUNDATION SUPPORTS ALL EDUCATIONAL PROGRAMS AT CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES GRANTS TO CATHOLIC CENTRAL...

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THE FOUNDATION SUPPORTS ALL EDUCATIONAL PROGRAMS AT CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES GRANTS TO CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $611,758
Program Service Revenue $0
Investment Income $990,929
Other Revenue $27,148
TOTAL REVENUE $1,629,835

Expense Breakdown

Grants Paid $975,361
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $975,361
Other Expenses $17,953
TOTAL EXPENSES $993,314

Year-over-Year Comparison

2024 2023 Change
Revenue $1,629,835 $2,133,673 -0.2%
Expenses $993,314 $910,754 +0.1%
Net Income $636,521 $1,222,919 -0.5%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$221,965
Total Directors
3
$221,965
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOST REVEREND DAVID J WALKOWIAK PRESIDENT 1.00
Officer Director
$0 $551 $44,908
MONSIGNOR WILLIAM H DUNCAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL A LOWN SECRETARY/TREASURER 1.00
Officer Director
$0 $22,068 $177,057
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
2025 $1,629,835 $993,314 $29,654,012 $636,521
2024 $2,133,673 $910,754 $27,417,543 $1,222,919
2023 $1,647,403 $874,433 $23,718,718 $772,970
2022 $2,123,991 $797,467 $21,514,070 $1,326,524
2021 $2,804,256 $716,219 $23,747,295 $2,088,037
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