BENEDICTINE SPONSORSHIP BOARD

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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

1946

Legal Domicile

Principal Officer

SR PAULA LARSON

Phone

7014561900

Tax Period

2023-07-01 to 2024-06-30

BENEDICTINE SPONSORSHIP BOARD, founded in 1946, is a micro nonprofit that reported $99K in total revenue in fiscal year 2023. Revenue surged 336% from the prior year, signaling strong growth momentum. Expenses of $835K exceeded revenue, resulting in a 739% operating deficit.

Mission

THE BOARD IS OPERATED TO SUPPORT THE ROMAN CATHOLIC CHARITABLE PURPOSES AND SHALL ASSURE THAT ST. VINCENT'S CARE CENTER, MARILLAC MANOR, AND ANY OTHER SERVICES OFFERED OR FACILITIES BUILT ON THE PROPERTY FORMERLY OWNED BY THE BENEDICTINE SISTERS OF RICHARDTON ARE OPERATED IN A MANNER CONSISTENT WITH THE ETHICAL AND RELIGIOUS DIRECTIVES OF THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, THE PHILOSOPHY OF SPONSORSHIP OF THE BENEDICTINE SISTERS OF RICHARDTON, AND THE SPONSORSHIP AGREEMENT.

Program Service Accomplishments

Program 1

Expenses: $13,743

BENEDICTINE SPONSORSHIP BOARD IS ESTABLISHED AS A CHARITABLE NON-PROFIT CORPORATION UNDER THE SPONSORSHIP OF THE BENEDICTINE SISTERS OF RICHARDTON, ND, AND SHALL OPERATE EXCLUSIVELY FOR CHARITABLE...

BENEDICTINE SPONSORSHIP BOARD IS ESTABLISHED AS A CHARITABLE NON-PROFIT CORPORATION UNDER THE SPONSORSHIP OF THE BENEDICTINE SISTERS OF RICHARDTON, ND, AND SHALL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES.

Program 2

Expenses: $800,000

THE BENEDICTINE SISTERS SPONSORSHIP TRUST FUND WAS ESTABLISHED TO PROVIDE PERPETUAL FINANCIAL SUPPORT FOR THE CATHOLIC IDENTITY OF ST VINCENT'S CARE CENTER AND MARILLAC MANOR.

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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 $99,495

Other Revenue $0

TOTAL REVENUE $99,495

Expense Breakdown

Grants Paid $800,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $813,743

Other Expenses $34,565

TOTAL EXPENSES $834,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,495	$22,844	+3.4%
Expenses	$834,565	$2,825	+294.4%
Net Income	$-735,070	$20,019	-37.7%

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

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
STEVE BRANNAN	VICE CHAIR	N/A	Director	$0	$0	$0
ANGELA GREER	CHAIR	N/A	Director	$0	$0	$0
SR LAURA HECKER	DIRECTOR	N/A	Officer Director	$0	$0	$0
SR PATTI KOEHLER	SEC/TREASURE	N/A	Director	$0	$0	$0
SR PAULA LARSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
SR PHOEBE SCHWARTZE	DIRECTOR	N/A	Director	$0	$0	$0
JERRY VOLK	DIRECTOR	N/A	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	$99,495	$834,565	No data	$-735,070
2023	$22,844	$2,825	$755,343	$20,019
2022	$43,037	$3,310	$716,180	$39,727
2021	$31,069	$6,698	$839,255	$24,371
2020	$32,863	$6,894	$698,931	$25,969
2019	$32,902	$9,198	$658,327	$23,704