FATHER VINCENT WELCH MEMORIAL FUND (EIN 383005252) - 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

1991

Legal Domicile

Principal Officer

MICHAEL MCNAMARA

Phone

3137681400

Tax Period

2023-01-01 to 2023-12-31

FATHER VINCENT WELCH MEMORIAL FUND, founded in 1991, is a small nonprofit in the Human Services sector that reported $381K in total revenue in fiscal year 2023. Expenses of $480K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MEMORIAL FUND WAS ORGANIZED TO RAISE PROCEEDS THROUGH CHARITABLE CONTRIBUTIONS FOR THE CREATION AND MAINTENANCE OF SCHOLARSHIP FUNDS. THE SCHOLARSHIP FUNDS WILL BE DEDICATED TO THE ASSISTANCE OF NEEDY YOUNG PEOPLE FROM THE METRO DETROIT AREA IN OBTAINING SECONDARY, UNDER-GRADUATE AND POST-GRADUATE EDUCATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $376,315

Program Service Revenue $0

Investment Income $0

Other Revenue $4,920

TOTAL REVENUE $381,235

Expense Breakdown

Grants Paid $480,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $480,000

Other Expenses $0

TOTAL EXPENSES $480,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,235	$386,643	0.0%
Expenses	$480,000	$100,002	+3.8%
Net Income	$-98,765	$286,641	-1.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL T MCNAMARA	PRESIDENT/DIRECTOR	3.00	Officer Director	$0	$0	$0
FR DONALD WORTHY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHERINE MCNAMARA	TREASURER/SECRETARY	0.50	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$381,235	$480,000	$203,038	$-98,765
2022	$386,643	$100,002	$301,803	$286,641
2021	$337,233	$328,000	$15,162	$9,233
2020	$266,273	$270,004	$5,929	$-3,731
2019	$249,029	$300,007	$9,660	$-50,978
2018	$277,512	$230,054	$60,638	$47,458

FATHER VINCENT WELCH MEMORIAL FUND