Hennessy Charitable Trust (EIN 426547826) - 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

1996

Legal Domicile

Principal Officer

Virginia Evelina Foletta

Phone

5635882008

Tax Period

2023-01-01 to 2023-12-31

Hennessy Charitable Trust, founded in 1996, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $3.8M exceeded revenue, resulting in a 130% operating deficit.

Mission

Care for retired and infirm Sisters of the Presentation

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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 $0

Program Service Revenue $0

Investment Income $1,666,692

Other Revenue $0

TOTAL REVENUE $1,666,692

Expense Breakdown

Grants Paid $3,485,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,485,735

Other Expenses $347,492

TOTAL EXPENSES $3,832,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,666,692	N/A	N/A
Expenses	$3,832,492	$3,935,935	0.0%
Net Income	$-2,165,800	$-3,935,935	-0.4%

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

$14,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Virginia Foletta	President	0.10	Officer Director	$0	$0	$0
Joetta Venneman	Secretary until 5/23	0.10	Officer Director	$0	$0	$0
Lugene Berning	Secretary as of 5/23	1.00	Officer	$0	$0	$14,161
Ann Jackson	Director	0.10	Director	$0	$0	$0
Elaine Hoye	Director until 1/23	0.10	Director	$0	$0	$0
Marjorie Healy	Director until 1/23	0.10	Director	$0	$0	$0
Laura Reicks	Director	0.10	Director	$0	$0	$0
Annette Kestel	Director as of 1/23	0.10	Director	$0	$0	$0
William Murray	Director as of 1/23	0.10	Director	$0	$0	$0
Janice Friedman	Director as of 1/23	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
2024	No data	No data	No data	No data
2023	$1,666,692	$3,832,492	$77,938,165	$-2,165,800
2022	No data	$3,935,935	$69,986,391	No data
2021	No data	$2,020,843	$87,675,680	No data
2020	No data	$3,391,881	$78,376,259	No data
2019	$730,399	$1,568,952	$70,952,353	$-838,553
2018	$819,722	$2,115,770	$60,453,923	$-1,296,048

Hennessy Charitable Trust