BASILICA OF THE ASSUMPTION HISTORI… - 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

Most Rev William E Lori

Phone

4105475523

Tax Period

2023-07-01 to 2024-06-30

BASILICA OF THE ASSUMPTION HISTORIC TRUST INC, founded in 1976, is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $94K, a strong 43% operating margin.

Mission

TO MAINTAIN,PRESERVE, REPAIR AND RESTORE ALL STRUCTURES AND PROPERTY AT THE SITE KNOWN AS THE BASILICA OF THE ASSUMPTION.

Program Service Accomplishments

Program 1

Expenses: $126,674

RESTORATION OF THE BASILICA OF THE NATIONAL SHRINE OF THE ASSUMPTION OF THE BLESSED VIRGIN MARY

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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 $179,592

Program Service Revenue $0

Investment Income $29,237

Other Revenue $11,589

TOTAL REVENUE $220,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,674

Other Expenses $126,674

TOTAL EXPENSES $126,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,418	$494,770	-0.6%
Expenses	$126,674	$124,150	+0.0%
Net Income	$93,744	$370,620	-0.7%

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
Stephanie Clancy	President	0.10	Officer Director	$0	$0	$0
Dcn Sean P Keller	Vice President	0.10	Officer Director	$0	$0	$0
Wm Randolph Weber Esq	Secretary	0.10	Officer Director	$0	$0	$0
Gerald J Laporte Esq	Treasurer	0.10	Officer Director	$0	$0	$0
HE Vicki Downey	Trustee	0.10	Director	$0	$0	$0
Tyler Tate	Trustee	0.10	Director	$0	$0	$0
Eric Gregory Esq	Trustee	0.10	Director	$0	$0	$0
Sandy Murphy	Trustee	0.10	Director	$0	$0	$0
Malvin Pavik	Trustee	0.10	Director	$0	$0	$0
Abiodun Babs Shonaiya	Trustee	0.10	Director	$0	$0	$0
Duncan Stroik	Trustee	0.10	Director	$0	$0	$0
Geoffrey Verhoff	Trustee	0.10	Director	$0	$0	$0
George Weigel	Trustee	0.10	Director	$0	$0	$0
Claire Landry Wickersham	Trustee	0.10	Director	$0	$0	$0
Most Rev William E Lori	Chairman	0.10	Officer Director	$0	$0	$0
Rev Brendan Fitzgerald	Trustee	0.10	Director	$0	$0	$0
HE Michael Ruck Sr	Trustee	0.10	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	$220,418	$126,674	$3,691,747	$93,744
2023	$494,770	$124,150	$3,690,550	$370,620
2022	$225,490	$104,234	$3,208,321	$121,256
2021	$664,290	$101,941	$3,950,370	$562,349
2020	$155,589	$370,113	$3,408,346	$-214,524
2019	$121,273	$134,362	$3,538,722	$-13,089

BASILICA OF THE ASSUMPTION HISTORIC TRUST INC