LC Fund for Priestly Formation (EIN 473786139) - 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

P JOSE GERARDO CARDENAS

Phone

2817596774

Tax Period

2023-01-01 to 2023-12-31

LC Fund for Priestly Formation, founded in 2014, is a community nonprofit in the Religion sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $10.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO DEVELOP, IMPROVE AND SUPPORT NONPROFIT PAROCHIAL SCHOOLS LOCATED IN UNITES STATES, MEXICO, BRAZIL AND ITALY. THE ORGANIZATION WILL TRANSFER FUNDS DIRECTLY TO SCHOOLS.

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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 $8,748,133

Program Service Revenue $0

Investment Income $261,916

Other Revenue $0

TOTAL REVENUE $9,010,049

Expense Breakdown

Grants Paid $10,715,419

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,715,419

Other Expenses $178,166

TOTAL EXPENSES $10,893,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,010,049	$6,359,818	+0.4%
Expenses	$10,893,585	$2,957,166	+2.7%
Net Income	$-1,883,536	$3,402,652	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CONNOR	PRESIDENT & DIRECTOR	2.0	Officer Director	$0	$0	$0
HERNAN JIMENEZ	VICE-PRESIDENT & DIRECTOR	2.0	Officer Director	$0	$0	$0
LUIS ALBERTO HENAO	SECRETARY & DIRECTOR	2.0	Officer Director	$0	$0	$0
JOSE GERARDO CARDENAS	TREASURER & DIRECTOR	2.0	Officer Director	$0	$0	$0
RAFAEL DUCCI	DIRECTOR	2.0	Director	$0	$0	$0
FRANK FORMOLO	ASSISTANT SECRETARY	2.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$9,010,049	$10,893,585	$10,180,217	$-1,883,536
2022	$6,359,818	$2,957,166	$11,375,575	$3,402,652
2021	$5,730,048	$1,788,970	$8,722,078	$3,941,078
2020	$4,775,916	$570,877	$4,808,855	$4,205,039
2018	$28,852	$15,751	$332,952	$13,101

LC Fund for Priestly Formation