DISCERNING HEARTS CO DOUGLAS J LAC… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

KRISTY MCGREGOR

Phone

4022155288

Tax Period

2023-01-01 to 2023-12-31

DISCERNING HEARTS CO DOUGLAS J LACEY CPA, founded in 2011, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE SPIRITUALITY AND DISCERNMENT IN THE CATHOLIC CHRISTIAN TRADITION.

Program Service Accomplishments

Program 1

Expenses: $375,100 Revenue: $169,329

TO EDUCATE THE GENERAL PUBLIC ABOUT SPIRITUALITY AND DISCERNMENT IN THE CATHOLIC CHRISTIAN TRADITION THROUGH ITS WEBSITE PROGRAMS FEATURED ON VARIOUS CATHOLIC RADIO STATIONS, AND THROUGH CONFERENCES...

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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 $164,766

Program Service Revenue $211,563

Investment Income $144

Other Revenue $0

TOTAL REVENUE $376,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,447

Fundraising Expenses $0

Program Expenses $375,100

Other Expenses $165,653

TOTAL EXPENSES $375,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,473	$501,204	-0.2%
Expenses	$375,100	$358,040	+0.0%
Net Income	$1,373	$143,164	-1.0%

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

N/A

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

$75,833

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY MCGREGOR	Executive Dir.	40.00	Officer	$75,833	$0	$75,833
BRUCE MCGREGOR	Treasurer	40.00	Director	$60,000	$0	$60,000
OMAR GUTIERREZ MA	Secretary	0.00	Director	$0	$0	$0
DR ANTHONY LILLES	President	0.00	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
2023	$376,473	$375,100	$316,913	$1,373
2022	$501,204	$341,750	$276,743	$159,454
2022	$501,204	$358,040	$260,453	$143,164
2021	$200,116	$229,584	$90,291	$-29,468
2020	$229,886	$187,046	$87,666	$42,840

DISCERNING HEARTS CO DOUGLAS J LACEY CPA