FAITH IN THE FUTURE FOUNDATION

EIN: 455064611 501(c)(3)

VILLANOVA, PA

Total Revenue
$98,508
Total Expenses
$1,254,357
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
PA
Principal Officer
IRENE H HANNAN
Phone
6103248219
Tax Period
2022-07-01 to 2023-06-30

FAITH IN THE FUTURE FOUNDATION, founded in 2012, is a micro nonprofit that reported $99K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 1173% operating deficit.

Mission

FAITH IN THE FUTURE IS DRIVEN BY A SINGLE GOAL: TO MAKE AN EXCELLENT CATHOLIC EDUCATION ACCESSIBLE TO ANY FAMILY THAT WANTS IT. WE ARE COMMITTED TO SERVING OVER 10,000 STUDENTS IN THE 15 ARCHODIOCESAN HIGH SCHOOLS AND THREE SCHOOLS OF SPECIAL EDUCATION IN THE PHILADELPHIA REGION.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $89,440
Program Service Revenue $0
Investment Income $413
Other Revenue $8,655
TOTAL REVENUE $98,508

Expense Breakdown

Grants Paid $898,504
Salaries & Benefits $208,072
Fundraising Expenses $0
Program Expenses $1,187,075
Other Expenses $147,781
TOTAL EXPENSES $1,254,357

Year-over-Year Comparison

2022 2021 Change
Revenue $98,508 $3,416,936 -1.0%
Expenses $1,254,357 $4,797,643 -0.7%
Net Income $-1,155,849 $-1,380,707 -0.2%
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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Governance

Voting Members
22
Independent Members
22
Employees
5
Volunteers
22

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
2
$317,250
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H EDWARD HANWAY CHAIRMAN/PRESIDENT/INTERIM 1.00
Officer Director
$0 $0 $0
MOST REV MICHAEL J FITZGERALD BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNE ROMANO GUINIVEN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL LIMA BOARD MEMBER 1.00
Director
$0 $0 $0
GERALD MAGINNIS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MAHONEY BOARD MEMBER 1.00
Director
$0 $0 $0
STANLEY SILVERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA DECAROLIS BOARD MEMBER 1.00
Director
$0 $0 $0
DOMINIC FREDERICO BOARD MEMBER 1.00
Director
$0 $0 $0
SR CARROLL ISSELMANN BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES O'BRIEN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS GALLAGHER BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY SPIRES BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH DIANGELO JR BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD EARLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MEEHAN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL BANTOM BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA MCGUIRE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL J PURCELL BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WOODS BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN ZARRILLI BOARD MEMBER 1.00
Director
$0 $0 $0
IRENE HANNAN CHIEF EXECUTIVE OFFICER 50.00
Officer
$317,250 $0 $317,250
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 $98,508 $1,254,357 No data $-1,155,849
2022 $3,416,936 $4,797,643 $3,966,818 $-1,380,707
2021 $2,363,136 $4,377,626 $5,374,972 $-2,014,490
2020 $3,982,932 $4,750,061 $9,654,261 $-767,129
2019 $2,722,529 $4,140,737 $9,110,032 $-1,418,208
2018 $5,233,970 $4,279,687 $9,608,659 $954,283
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