NEW CASSEL FOUNDATION

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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

1999

Legal Domicile

Principal Officer

TRACY LICHTI

Phone

4023932277

Tax Period

2024-07-01 to 2025-06-30

NEW CASSEL FOUNDATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $783K, a strong 57% operating margin.

Mission

THE NEW CASSEL FOUNDATION PROVIDES FINANCIAL AND PUBLIC RELATIONS SUPPORT FOR THE MISSION, MINISTRY, PROGRAMS AND SERVICES OF NEW CASSEL RETIREMENT CENTER AND THE FRANCISCAN CENTRE. IT IS ACCOUNTABLE TO THE BOARD OF DIRECTORS OF NEW CASSEL, INC.

Program Service Accomplishments

Program 1

Expenses: $582,105

NEW CASSEL FOUNDATION RAISES FUNDS TO SUPPORT THE TOTAL WELLNESS OF THE AGING PERSON AT NEW CASSEL INC. FUNDS SUPPORT FINANCIAL ASSISTANCE, COMMUNITY EDUCATION, SPIRITUAL PROGRAMS, AND FUTURE CARE...

NEW CASSEL FOUNDATION RAISES FUNDS TO SUPPORT THE TOTAL WELLNESS OF THE AGING PERSON AT NEW CASSEL INC. FUNDS SUPPORT FINANCIAL ASSISTANCE, COMMUNITY EDUCATION, SPIRITUAL PROGRAMS, AND FUTURE CARE FOR THE ELDERLY AT NEW CASSEL INC., A NONPROFIT ORGANIZATION. PROGRAMS AND SERVICES INCLUDE: HOUSING, SOCIAL SERVICES, EDUCATIONAL OPPORTUNITIES, SPIRITUAL RENEWAL, ADULT DAY SERVICES, HEALTH CLINIC AND IN-HOME NON-MEDICAL SERVICES.

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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 $1,253,387

Program Service Revenue $0

Investment Income $124,954

Other Revenue $4,125

TOTAL REVENUE $1,382,466

Expense Breakdown

Grants Paid $411,620

Salaries & Benefits $155,340

Fundraising Expenses $0

Program Expenses $582,105

Other Expenses $32,441

TOTAL EXPENSES $599,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,382,466	$505,978	+1.7%
Expenses	$599,401	$1,312,814	-0.5%
Net Income	$783,065	$-806,836	-2.0%

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

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

$341,149

Total Directors

$258,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY LICHTI	SECRETARY	1.00	Officer Director	$0	$6,467	$163,046
CINDY PETRICH	PRESIDENT	32.00	Officer Director	$0	$3,860	$95,829
DAN WIEBERG	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE EBELING	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
RYAN AMES	TREASURER	1.00	Officer Director	$0	$0	$0
SR MARY ANN SCHMIEDING	TRUSTEE	1.00	Director	$0	$0	$0
JAMES AMBROSE	TRUSTEE	1.00	Director	$0	$0	$0
MARK KRESL	TRUSTEE	1.00	Director	$0	$0	$0
DAN PAPE	TRUSTEE	1.00	Director	$0	$0	$0
CHERI MUNDT	TRUSTEE	1.00	Director	$0	$0	$0
PAUL SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ALMOND	CFO - NCI	1.00	Officer	$0	$8,628	$82,274

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	$1,382,466	$599,401	$4,947,228	$783,065
2024	No data	No data	No data	No data
2023	$1,461,992	$1,079,581	$4,430,916	$382,411
2022	$1,163,248	$906,475	$4,097,266	$256,773
2021	$1,497,842	$847,963	$4,432,858	$649,879
2020	$894,654	$849,098	$3,080,661	$45,556
2019	$548,687	$505,740	$3,012,493	$42,947