Bishop Charles P Greco Memorial Foundation (EIN 522381871) - 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

1993

Legal Domicile

Principal Officer

James J Riente Jr

Phone

9852647955

Tax Period

2023-07-01 to 2024-06-30

Bishop Charles P Greco Memorial Foundation, founded in 1993, is a small nonprofit in the Education sector that reported $241K in total revenue in fiscal year 2023. Revenue surged 585% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 88% operating margin.

Mission

Religious / Educational Provide financial assistance to seminarians from Louisiana who are studying for the priesthood at a Catholic seminary or

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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 $209,998

Program Service Revenue $0

Investment Income $30,968

Other Revenue $0

TOTAL REVENUE $240,966

Expense Breakdown

Grants Paid $27,251

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,624

Other Expenses $723

TOTAL EXPENSES $27,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,966	$35,171	+5.9%
Expenses	$27,974	$28,662	0.0%
Net Income	$212,992	$6,509	+31.7%

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

N/A

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
James Riente	President	1.00	Officer Director	$0	$0	$0
Steve Thomas	Treasurer	4.00	Officer Director	$0	$0	$0
Richard Yandle	Secretary	1.00	Officer Director	$0	$0	$0
Vincent Whittington	Director	1.00	Director	$0	$0	$0
Robert Charpentier	Director	1.00	Director	$0	$0	$0
Mark Carver	Director	1.00	Director	$0	$0	$0
William McCrossen Jr	Director	1.00	Director	$0	$0	$0
George Martin	Director	1.00	Director	$0	$0	$0
Vernon Ducote	Director	1.00	Director	$0	$0	$0
Rennan Duffour	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
2025	No data	No data	No data	No data
2024	$240,966	$27,974	$1,410,642	$212,992
2023	$35,171	$28,662	$1,202,024	$6,509
2022	$42,644	$36,140	$1,214,449	$6,504
2021	$23,820	$59,927	$1,245,080	$-36,107
2020	$118,925	$51,548	$1,304,233	$67,377
2019	$61,394	$43,924	$1,218,328	$17,470

Bishop Charles P Greco Memorial Foundation