MOTHER OF MERCY FOUNDATION INC

EIN: 473185231 501(c)(3) Religion

WOLCOTTVILLE, IN

Total Revenue
$721,482
Total Expenses
$460,244
Total Assets
$1,607,639
Net Assets
$1,586,185
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IN
Principal Officer
ALBERT LANGSENKAMP
Phone
2603034990
Tax Period
2023-01-01 to 2023-12-31

MOTHER OF MERCY FOUNDATION INC, founded in 2014, is a small nonprofit in the Religion sector that reported $721K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $261K, a strong 36% operating margin.

Mission

THE ORGANIZATION EXISTS TO FURTHER THE PURPOSES OF THE CATHOLIC CHURCH BY PROVIDING PROGRAMS AND FACILITIES IN CONTINUATION OF THE HISTORY OF THE FOUNDATION'S PROPERTY KNOWN AS KNEIPP SPINGS IN ROME CITY INDIANA. FOR OVER 100 YEARS THE PROPERTY HAD A HISTORY OF HEALING AND SPIRITUAL REFRESHMENT STEMMING FROM ITS LOVELY GROUNDS, HISTORIC BUILDINGS AND 100- YEAR-OLD CHAPEL WITH WORLD-CLASS STAINED-GLASS WINDOWS. KNEIPP SPRING IS THE HISTORIC ORIGIN (CIRCA 1956) OF DEVOTION TO OUR LADY OF AMERICA, THE IMACULATE VIRGIN, PATRONESS OF AMERICA AS APPROVED IN MAY 2020 AS A PRIVATE DEVOTION OF THE CATHOLIC CHURCH. BY ENGAGING PEOPLE OF ALL FAITHS, WE ASPIRE TO PROVIDE A PLACE OF SPIRITUAL REFRESHMENT THROUGH FACILITIES, GROUNDS AND PROGRAMS CENTERED ON THE CATHOLIC FAITH AND DEVOTION TO THE MOTHER OF GOD. THE ORGANIZATION INTENDS TO FACILITATE GROUP SACRAMENTS, PILGRAMAGES, ROSARY GROUPS, AND DAY RETREATS TO CARRY OUT THESE PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $380,099 Revenue: $38,681

BUILDING ON A VERY STRONG 2022, THE NEWLY CONSECRATED ORATORY OF THE HOLY FAMILY DREW PILGRIMS WORLDWIDE. ON JULY 15, 2023, BISHOP KEVIN C. RHOADES OFFERED THE HOLY SACRIFICE OF THE MASS AND...

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BUILDING ON A VERY STRONG 2022, THE NEWLY CONSECRATED ORATORY OF THE HOLY FAMILY DREW PILGRIMS WORLDWIDE. ON JULY 15, 2023, BISHOP KEVIN C. RHOADES OFFERED THE HOLY SACRIFICE OF THE MASS AND DEDICATED A NEW ALTAR IN THE ORATORY OF THE HOLY FAMILY. THIS ACT OF OUR BISHOP BUILDS ON THE 2022 OPENING OF THE OUR LADY, PATRONESS OF AMERICA CENTER, AND THE ORATORY OF THE HOLY FAMILY, ALONG WITH HIS VISIBLE SUPPORT FOR OUR WORK. OVER 350 PEOPLE ATTENDED HIS MASS. NEARLY 6,500 PILGRIMS VISITED THE CENTER, PARTICIPATED IN THE PROGRAMS, PRAYED, OR JUST STROLLED THE BEAUTIFUL 62-ACRE GROUNDS. WE ARE CONSISTENTLY AMAZED BY VISITORS FROM ALL OVER THE UNITED STATES AND MANY INTERNATIONAL LOCATIONS. WE HAVE MADE AVAILABLE REGULARLY SCHEDULED PRESENTATIONS AND TOURS. WE HAVE CONSISTENTLY HAD OUR FIRST SATURDAY MASS AND THE DIVINE WILL CONFERENCE. WE ADDED THE PILGRIM WALK, CELEBRATING THE ANNIVERSARY OF THE DEVOTION TO OUR LADY OF AMERICA, WHICH DREW A SURPRISING 350 PILGRIMS. FUNDING CONTINUES TO BE FIRM, WITH DONORS' INCREASED NUMBER AND GENEROSITY. DONATIONS FOR 2023 WERE UP 26% FROM 2021, AND GIFT STORE SALES WERE UP 126%, PROVIDING A STRONG FINANCIAL FOUNDATION FOR OUR FUTURE ENDEAVORS. IN 2023, WE FINISHED MANY PROJECTS TO RECOVER SPACE FOR DAILY USE. IN 2024, WE WILL INVEST IN HVAC TO IMPROVE THE COMFORT AND USABILITY OF OUR RECOVERED SPACES. 2024 WILL MARK A PIVOT IN FOCUS FROM OUR FACILITIES TO A FOCUS ON MISSION OUTREACH.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $655,403
Program Service Revenue $38,681
Investment Income $13,515
Other Revenue $13,883
TOTAL REVENUE $721,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $12,646
Program Expenses $380,099
Other Expenses $460,244
TOTAL EXPENSES $460,244

Year-over-Year Comparison

2023 2022 Change
Revenue $721,482 $536,310 +0.3%
Expenses $460,244 $530,829 -0.1%
Net Income $261,238 $5,481 +46.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT LANGSENKAMP PRESIDENT 20.00
Officer Director
$0 $0 $0
IRVIN KLOSKA TREASURER 1.00
Officer Director
$0 $0 $0
TIMOTHY RUSHENBURGE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN DOLAN DIRECTOR 1.00
Director
$0 $0 $0
TERRENCE KOPP DIRECTOR 1.00
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 No data No data No data No data
2023 $721,482 $460,244 $1,607,639 $261,238
2022 $536,310 $530,829 $1,377,117 $5,481
2021 $452,921 $355,588 $1,416,966 $97,333
2020 $730,700 $355,110 $1,355,916 $375,590
2019 $484,594 $387,063 $847,014 $97,531
2018 $31,408 $39,661 $753,632 $-8,253
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