SACRED HEART CATHEDRAL FOUNDATION (EIN 451584666) - 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

2010

Legal Domicile

Principal Officer

VERY REV THOMAS HENNEN

Phone

5633243257

Tax Period

2024-04-01 to 2025-03-31

SACRED HEART CATHEDRAL FOUNDATION, founded in 2010, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $560K exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDE FOR THE CURRENT AND FUTURE NEEDS OF SACRED HEART CATHEDRAL CATHOLIC PARISH IN DAVENPORT, IA; INCLUDING: MAINTENANCE OF PRIMARY CHURCH FACILITY WHICH WAS COMPLETED IN 1891; BUILD NEW PARISH CENTER, RELIGIOUS EDUCATION AREA AND PARKING LOT IMPROVEMENTS; SUPPORT CATHOLIC EDUCATION AND OTHER MISSIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $141,776

Program Service Revenue $0

Investment Income $162,442

Other Revenue $29,134

TOTAL REVENUE $333,352

Expense Breakdown

Grants Paid $191,207

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,207

Other Expenses $368,800

TOTAL EXPENSES $560,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,352	$284,340	+0.2%
Expenses	$560,007	$416,091	+0.3%
Net Income	$-226,655	$-131,751	+0.7%

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
JOHN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SLESICKI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
VERY REV THOMAS HENNEN	BISHOP-ELECT	20.00	Officer Director	$0	$0	$0
LAWRENCE KLOSTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CINCOLA	DIRECTOR	1.00	Director	$0	$0	$0
LISA HOERNER HANSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TRASOWECH	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HAINES	SECRETARY/TREASURER	10.00	Officer	$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	$333,352	$560,007	$8,614,672	$-226,655
2024	$284,340	$416,091	$8,889,540	$-131,751
2023	$934,920	$479,452	$8,681,768	$455,468
2022	$559,305	$708,767	$8,401,923	$-149,462
2021	$762,674	$296,511	$8,584,941	$466,163
2020	$932,756	$212,824	$7,819,400	$719,932
2019	$677,456	$194,507	$7,221,046	$482,949
2018	$1,666,327	$200,350	$6,888,097	$1,465,977

SACRED HEART CATHEDRAL FOUNDATION