CATHOLIC UNITED FINANCIAL FOUNDATION

EIN: 411893463 501(c)(3) Philanthropy & Grantmaking

ST PAUL, MN

Total Revenue
$9,073,701
Total Expenses
$10,686,636
Total Assets
$42,059,307
Net Assets
$41,839,063
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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
1997
Legal Domicile
MN
Principal Officer
ROBERT HEUERMANN
Phone
6517654135
Tax Period
2023-01-01 to 2023-12-31

CATHOLIC UNITED FINANCIAL FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $10.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY WHERE CATHOLIC UNITED FINANCIAL HAS A MAJOR PRESENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,329,296
Program Service Revenue $0
Investment Income $752,065
Other Revenue $-7,660
TOTAL REVENUE $9,073,701

Expense Breakdown

Grants Paid $9,934,155
Salaries & Benefits $0
Fundraising Expenses $19,892
Program Expenses $10,616,071
Other Expenses $752,481
TOTAL EXPENSES $10,686,636

Year-over-Year Comparison

2023 2022 Change
Revenue $9,073,701 $9,669,959 -0.1%
Expenses $10,686,636 $3,744,620 +1.9%
Net Income $-1,612,935 $5,925,339 -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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
165

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
$148,257
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HEUERMANN EXECUTIVE DIRECTOR 37.50
Officer
$0 $34,416 $148,257
MICHAEL AHLES PRESIDENT 1.00
Officer Director
$0 $0 $0
FR THOMAS THOMPSON SPIRITUAL ADVISOR 1.00
Director
$0 $0 $0
HARALD BORRMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN HART BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM LUCAS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MCGOVERN BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN STENZEL BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WENSEL BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL ZASTROW BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ZEMAN BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $9,073,701 $10,686,636 $42,059,307 $-1,612,935
2022 $9,669,959 $3,744,620 $42,361,226 $5,925,339
2021 $6,021,022 $3,201,210 $37,486,034 $2,819,812
2020 $5,029,231 $2,129,843 $34,027,744 $2,899,388
2019 $8,989,527 $2,689,287 $30,886,289 $6,300,240
2018 $5,054,149 $1,974,048 $24,213,309 $3,080,101
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