Vir Fidelis Fund Inc (EIN 471968972) - 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

2014

Legal Domicile

Principal Officer

Joseph Vaszily

Phone

7189872900

Tax Period

2023-09-01 to 2024-08-31

Vir Fidelis Fund Inc, founded in 2014, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. Net assets of $4.0M represent 46 months of operating reserves.

Mission

The Mission of the Vir Fidelis Fund, Inc. is to solicit, raise, and distribute funds for the academic, social, and sports programs at Monsignor Farrell High School. Funds will be raised through donations from alumni, parents, and friends by soliciation, letters, phone calls, dinners, sporting events, dances, luncheons, and other similar events. In addition, Grants to Monsignor Farrell High School include for Tuition Scholarships, Financial Aid, Bloomberg Ticker, and Loan Principle and Interest.

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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 $875,769

Program Service Revenue $0

Investment Income $94,389

Other Revenue $73,656

TOTAL REVENUE $1,043,814

Expense Breakdown

Grants Paid $948,096

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,004,809

Other Expenses $119,511

TOTAL EXPENSES $1,067,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,043,814	$429,459	+1.4%
Expenses	$1,067,607	$1,527,942	-0.3%
Net Income	$-23,793	$-1,098,483	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fr Louis Jerome	Director	2.00	Director	$0	$0	$0
Lou Bergonzi	Secretary	2.00	Officer Director	$0	$0	$0
Philip Geraci	Director	2.00	Director	$0	$0	$0
Brendan Cameron	Treasurer	2.00	Officer Director	$0	$0	$0
Jack McGowan	Director	2.00	Director	$0	$0	$0
Chris Mitrovich	Director	2.00	Director	$0	$0	$0
John Leone	Vice Chairman	2.00	Officer Director	$0	$0	$0
Joseph Vaszily	Chairman	2.00	Officer Director	$0	$0	$0
John Mascari	Director	2.00	Director	$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
2024	$1,043,814	$1,067,607	$4,007,981	$-23,793
2023	$429,459	$1,527,942	$3,767,685	$-1,098,483
2022	$1,312,089	$1,048,812	$4,691,815	$263,277
2021	$1,493,015	$624,686	$4,755,754	$868,329
2020	$2,212,689	$259,421	$3,759,513	$1,953,268
2019	$735,992	$182,416	$1,634,156	$553,576
2018	$438,216	$21,593	$1,080,680	$416,623

Vir Fidelis Fund Inc