CATHOLIC EDUCATION MEMORIAL FUND

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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

RON KUBICEK

Phone

5074511257

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC EDUCATION MEMORIAL FUND, founded in 1975, is a small nonprofit in the Youth Development sector that reported $129K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 34% operating margin.

Mission

SUPPORT ST MARY'S SCHOOL, CATHOLIC EDUCATION

Program Service Accomplishments

Program 1

Expenses: $63,000 Revenue: $0

PROMOTE, SUPPORT AND FURTHER CATHOLIC EDUCATION OF CATHOLIC YOUTH IN THE OWATONNA AREA. SUPPORT OF THE EDUCATION EFFORTS OF ST MARYS SCHOOL WHICH HAS ABOUT 275 STUDENTS IN K-8 AND PRE-SCHOOL HAS AN ADDITIONAL 50 STUDENTS. THE FAITH FORMATION PROGRAM SERVES CLOSE TO 150 CATHOLIC YOUTH IN OWATONNA IN GRADES K-12. SUPPORT FOR THOSE ATTENDING THE SEMINARY.

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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 $9,696

Program Service Revenue $0

Investment Income $119,509

Other Revenue $0

TOTAL REVENUE $129,205

Expense Breakdown

Grants Paid $63,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,000

Other Expenses $21,894

TOTAL EXPENSES $84,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,205	$60,032	+1.2%
Expenses	$84,894	$85,847	0.0%
Net Income	$44,311	$-25,815	-2.7%

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

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
STEPHEN NELSON	PRESIDENT	0.10	Officer Director	$0	$0	$0
DEAN VELZKE	SECRETARY	0.10	Officer Director	$0	$0	$0
RON KUBICEK	TREASURER	0.50	Officer Director	$0	$0	$0
BRIAN HAGGERTY	DIRECTOR	0.10	Director	$0	$0	$0
TIM MCMANIMON	DIRECTOR	0.10	Director	$0	$0	$0
JANE KUBISTA	DIRECTOR	0.10	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	$129,205	$84,894	$1,795,343	$44,311
2023	$60,032	$85,847	$1,662,012	$-25,815
2022	$114,064	$89,821	$1,611,343	$24,243
2021	$29,855	$81,782	$1,907,514	$-51,927
2020	$-17,103	$86,386	$1,603,253	$-103,489
2019	$42,353	$72,317	$1,690,925	$-29,964