Lepanto Institute

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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

2015

Legal Domicile

Principal Officer

Michael D Hichborn

Phone

5408475501

Tax Period

2024-01-01 to 2024-12-31

Lepanto Institute, founded in 2015, is a small nonprofit in the Religion sector that reported $429K in total revenue in fiscal year 2024. The organization ran a surplus of $126K, a strong 29% operating margin.

Mission

Monitor and report on activities of Catholic organization in regards to adherence to Catholic moral and theological teaching

Program Service Accomplishments

Program 1

Expenses: $68,000

Investigated and reported on twenty different charitable organizations adding them to our publicly available charity reports list

Program 2

Expenses: $59,000

Monitoring, investigating and reporting on developments related to the Catholic Campaign for Human Development

Program 3

Expenses: $27,000

Publicity campaign regarding our published report on Catholic Relief 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 $430,281

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,547

TOTAL REVENUE $428,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,000

Fundraising Expenses $22,151

Program Expenses $154,000

Other Expenses $209,729

TOTAL EXPENSES $302,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,734	$450,210	0.0%
Expenses	$302,357	$353,254	-0.1%
Net Income	$126,377	$96,956	+0.3%

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

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

$81,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HICHBORN	President	40.00	Officer	$81,000	$0	$81,000
JAMES MAUGHAN	Board Member	1.00	Officer	$0	$0	$0
TONY KUHEL	Board Member	0.00	Officer	$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	$428,734	$302,357	$825,640	$126,377
2023	$450,210	$353,254	$703,263	$96,956
2022	$327,244	$231,801	$606,306	$95,443
2021	$424,167	$210,029	$510,864	$214,138
2020	$279,414	$166,865	$296,726	$112,549