Foundations and Donors Interested … - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

Alexia K Kelley

Phone

2022233550

Tax Period

2023-01-01 to 2023-12-31

Foundations and Donors Interested in Catholic Activities Inc, founded in 1976, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 82% operating deficit.

Mission

FADICA is a leading philanthropic peer network serving as a catalyst for a vital catholic church, catholic ministries, and the common good. We promote the growth and effectiveness of catholic philanthropy inspired by the joy of the gospel and the catholic social tradition. FADICA supports its members through education, exchange, fellowship and faith, research, joint funding opportunities, and interaction with catholic leadership.

Program Service Accomplishments

Program 1

Expenses: $447,101

Education programs and research on topical philanthropy areas, such as Catholic education, formation in philanthropy, faith-aligned investing, Catholic social tradition, and racial justice and...

Education programs and research on topical philanthropy areas, such as Catholic education, formation in philanthropy, faith-aligned investing, Catholic social tradition, and racial justice and healing.

Program 2

Expenses: $377,883 Revenue: $80,450

Leadership Symposia: Provide continuing education on issues and trends of importance in the Catholic church, and to provide networking and information-sharing opportunities in Catholic philanthropy. Provide a forum for discussion between Catholic philanthropists and leaders in the Catholic charitable sector and the Catholic Church.

Program 3

Expenses: $269,979

Philanthropy Services is a core activity of FADICA's operating function. FADICA offers a range of programs to support funders in faith-driven philanthropy, providing opportunities to integrate faith with giving and connect with key Catholic leaders, deepening the impact of members' philanthropy. FADICA also offers strategic consultation and joint funding and impact opportunities.

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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 $949,922

Program Service Revenue $244,263

Investment Income $140,906

Other Revenue $0

TOTAL REVENUE $1,335,091

Expense Breakdown

Grants Paid $265,000

Salaries & Benefits $1,186,270

Fundraising Expenses $57,520

Program Expenses $2,109,740

Other Expenses $982,716

TOTAL EXPENSES $2,433,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,335,091	$2,741,618	-0.5%
Expenses	$2,433,986	$3,213,084	-0.2%
Net Income	$-1,098,895	$-471,466	+1.3%

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

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

$482,555

Total Directors

$315,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bernard Brenninkmeijer	Director	3.00	Director	$0	$0	$0
Gregory Brown	Director	3.00	Director	$0	$0	$0
Timothy Connors	Director	3.00	Director	$0	$0	$0
Dan Estes	Director	3.00	Director	$0	$0	$0
Beth Flaherty	Director	3.00	Director	$0	$0	$0
Alexia Kelley	President & CEO	40.00	Officer Director	$270,470	$44,874	$315,344
Anne Cullen Miller	Treasurer	3.00	Officer Director	$0	$0	$0
Charlie Schaffler	Secretary	3.00	Officer Director	$0	$0	$0
Gabriela Smith	Director	3.00	Director	$0	$0	$0
Sr Jane Wakahiu LSOSF PhD	Director	3.00	Director	$0	$0	$0
Christine Wolohan	Director	3.00	Director	$0	$0	$0
Michael Wolohan MD	Chair	3.00	Officer Director	$0	$0	$0
Alicia Bondanella Simon	Vice President	40.00	Officer	$135,681	$31,530	$167,211
Jon Jakoblich	Director, Catholic Funding	40.00	Highest	$110,296	$31,231	$141,527

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	$1,335,091	$2,433,986	$9,373,691	$-1,098,895
2022	$2,741,618	$3,213,084	$9,382,550	$-471,466
2021	$5,708,412	$3,854,953	$12,432,482	$1,853,459
2020	$4,857,825	$2,883,646	$10,089,827	$1,974,179
2019	$1,670,164	$1,494,539	$7,125,089	$175,625
2018	$1,192,893	$1,327,396	$5,984,401	$-134,503

Foundations and Donors Interested in Catholic Activities Inc