CSJ INITIATIVES INC

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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

2014

Legal Domicile

Principal Officer

DENISE GANNON

Phone

3167896245

Tax Period

2024-07-01 to 2025-06-30

CSJ INITIATIVES INC, founded in 2014, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 13% surplus.

Mission

CSJ INITIATIVES REFLECTS THE CONGREGATION OF ST. JOSEPH'S COMMITMENT TO RESPOND TO THE EMERGING NEEDS OF RELIGIOUS CONGREGATIONS, OUR NEIGHBORS AND THE WORLD BY PROVIDING MANAGEMENT OR OWNERSHIP OF SENIOR CARE FACILITIES THAT CREATE VIBRANT LIVING SERVICES. THROUGH THE UNIQUE LENS AND CULTURE OF RELIGIOUS LIFE, CSJ INITIATIVES OFFERS EXPERTISE IN LIFE ENRICHING HOUSING OPPORTUNITIES, COMPASSIONATE HEALTH AND WELLNESS CARE AND RESPONSIBLE CARE FOR CONGREGATIONAL PROPERTIES.

Program Service Accomplishments

Program 1

Expenses: $2,538,903 Revenue: $3,998,280

CSJ INITIATIVES WAS CREATED TO ASSIST IN THE MANAGEMENT AND DEVELOPMENT OF INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING FACILITIES TO ADDRESS THE HEALTH CARE NEEDS OF THE CONGREGATION OF...

Program 2

Expenses: $1,640,211 Revenue: $2,583,015

CSJ INITIATIVES OWNS OR MANAGES VARIOUS CENTERS LOCATED IN SEVERAL STATES. BY PROVIDING EXPERTISE IN CARING FOR THE ELDERS, CSJ INITIATIVES HAS ESTABLISHED A DYNAMIC MODEL OF LIFE GIVING CARE FOR...

CSJ INITIATIVES OWNS OR MANAGES VARIOUS CENTERS LOCATED IN SEVERAL STATES. BY PROVIDING EXPERTISE IN CARING FOR THE ELDERS, CSJ INITIATIVES HAS ESTABLISHED A DYNAMIC MODEL OF LIFE GIVING CARE FOR THOSE RESIDING IN A CENTER.

Program 3

CSJ INITIATIVES PROVIDES SERVICES TO THOSE THAT ARE STRATEGICALLY PLANNING FOR THEIR FUTURE. IN A MANNER THAT HONORS THE CULTURE OF THOSE WE SERVE, CSJ INITIATIVES ENABLES THE CONGREGATION OF ST...

CSJ INITIATIVES PROVIDES SERVICES TO THOSE THAT ARE STRATEGICALLY PLANNING FOR THEIR FUTURE. IN A MANNER THAT HONORS THE CULTURE OF THOSE WE SERVE, CSJ INITIATIVES ENABLES THE CONGREGATION OF ST. JOSEPH TO PRESERVE AND EXTEND MINISTRY TO OTHERS.

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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 $0

Program Service Revenue $6,581,295

Investment Income $777,592

Other Revenue $0

TOTAL REVENUE $7,358,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,605,163

Fundraising Expenses $0

Program Expenses $4,179,114

Other Expenses $772,512

TOTAL EXPENSES $6,377,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,358,887	$6,450,996	+0.1%
Expenses	$6,377,675	$5,769,115	+0.1%
Net Income	$981,212	$681,881	+0.4%

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

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

$579,773

Total Directors

$374,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SR SUE MCCRERY CSJ	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN SISTON	BOARD MEMBER	0.50	Director	$0	$0	$0
DENISE GANNON	PRESIDENT/CEO	40.00	Officer Director	$328,954	$45,595	$374,549
RICH CASEY	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JOHN HANNIG	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK CASSINO	CHAIR	0.50	Officer Director	$0	$0	$0
SR MARIE HOGAN CSJ	BOARD MEMBER	0.50	Director	$0	$0	$0
SR PAT WARBRITTON CSJ	VICE CHAIR	0.50	Officer Director	$0	$0	$0
COLLEEN CONWAY COONEY	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLYN WILHELM	CHIEF FINANCIAL OFFICER	40.00	Officer	$187,022	$18,202	$205,224
SHANNA CARVER	DIRECTOR OF OPERATIONS	40.00	Highest	$129,988	$26,117	$156,105
RUTH NELSON	DIRECTOR OF CLINICAL OPERA	40.00	Highest	$129,827	$38,731	$168,558
GRACE SMITH	DIRECTOR OF CLINICAL OPERA	40.00	Highest	$150,755	$47,518	$198,273
GABRIEL STOLL	CSJI-TIFFIN EXECUTIVE DIRE	40.00	Highest	$137,391	$46,205	$183,596
DANA VELOTTA	CENTER ADMINISTRATOR	40.00	Highest	$115,787	$44,093	$159,880

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	$7,358,887	$6,377,675	$14,624,715	$981,212
2024	$6,450,996	$5,769,115	$13,418,034	$681,881
2023	$5,655,344	$5,357,625	$12,546,218	$297,719
2022	$5,505,429	$5,095,741	$11,633,530	$409,688
2021	$5,673,238	$4,647,973	$12,767,685	$1,025,265
2020	$5,240,623	$4,559,787	$11,521,682	$680,836
2019	$4,346,096	$4,135,077	$10,200,797	$211,019
2018	$4,187,287	$3,315,416	$10,104,738	$871,871