FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER GRAND RAPIDS INC (EIN 382175690) - 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

1975

Legal Domicile

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

TO RECEIVE AND ADMINISTER FUNDS IN ORDER TO PROMOTE AND SUPPORT CATHOLIC SECONDARY SCHOOLS

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$221,965

Total Directors

$221,965

Key Employees

Highest Compensated

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

FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER GRAND RAPIDS INC