THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA (EIN 461566557) - 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

2012

Legal Domicile

Principal Officer

KURT A GABBARD

Phone

2155875650

Tax Period

2023-07-01 to 2024-06-30

THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA, founded in 2012, is a mid-sized nonprofit in the Religion sector that reported $17.7M in total revenue in fiscal year 2023. Expenses of $21.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA (CFGP) EXISTS TO BETTER THE MISSION OF THE CATHOLIC CHURCH FOR THE BETTERMENT OF THE LIVES OF PEOPLE. THE FOUNDATION PROVIDES DONORS AN AVENUE TO FULFILL THEIR CHARITABLE GOALS THROUGH THE SUPPORT OF PROJECTS, PROGRAMS, ORGANIZATIONS AND INITIATIVES.

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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 $13,385,879

Program Service Revenue $3,357,381

Investment Income $897,663

Other Revenue $103,474

TOTAL REVENUE $17,744,397

Expense Breakdown

Grants Paid $16,380,863

Salaries & Benefits $2,617,418

Fundraising Expenses $902,005

Program Expenses $19,440,159

Other Expenses $2,623,041

TOTAL EXPENSES $21,621,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,744,397	$18,133,710	0.0%
Expenses	$21,621,322	$17,714,770	+0.2%
Net Income	$-3,876,925	$418,940	-10.3%

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

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

$877,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MSGR FRANCIS W BEACH	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
SEAN BERGIN	TRUSTEE	1.00	Director	$0	$0	$0
REVERAND ERIC BANECKER	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA A BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH CHOTT	TRUSTEE	1.00	Director	$0	$0	$0
RICHART T CLARK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MATTHEW M COIN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM P CURTIS JR	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH EWELL	TRUSTEE	1.00	Director	$0	$0	$0
DR JAMES W FOX IV	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH JACOVINI	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD J KELLEY JR	TREASURER	1.00	Officer Director	$0	$0	$0
DAN KERVICK	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN KIM	TRUSTEE	1.00	Director	$0	$0	$0
PAUL KLAUDER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MANGINI	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MAX E MERCADO	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS MOREIRA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MULLEN	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
ARCHBISHOP NELSON J PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH L ROSE	TRUSTEE	1.00	Director	$0	$0	$0
REVERAND NICK RASHFORD SJ	TRUSTEE	1.00	Director	$0	$0	$0
DR TAMMY TENAGLIA	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DR ALEXANDER VACCARO	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL A VALUCCI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WATSON	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
SARAH O HANLEY	PRESIDENT AND CEO	40.00	Officer	$225,995	$46,793	$272,788
KURT A GABBARD	CHIEF FINANCIAL OFFICER	40.00	Officer	$130,921	$47,250	$178,171
EMILY GAMBINO	CDO	0.00	Officer	$137,270	$14,206	$151,476
MARGARET SWEENEY	CAO	0.00	Officer	$137,664	$19,989	$157,653
GINA DECOLLI	CMO	0.00	Officer	$111,709	$6,144	$117,853

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	No data	No data	No data	No data
2024	$17,744,397	$21,621,322	$51,513,963	$-3,876,925
2023	$18,133,710	$17,714,770	$50,254,564	$418,940
2022	$23,307,616	$7,412,455	$44,939,432	$15,895,161
2021	$9,911,506	$5,844,532	$31,245,697	$4,066,974
2020	$6,722,792	$5,889,294	$23,007,097	$833,498
2019	$6,948,996	$5,403,632	$20,267,152	$1,545,364

THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA