THE CATHOLIC FOUNDATION OF NORTH GEORGIA (EIN 582008930) - 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

1992

Legal Domicile

Principal Officer

NANCY COVENY

Phone

4044979440

Tax Period

2024-07-01 to 2025-06-30

THE CATHOLIC FOUNDATION OF NORTH GEORGIA, founded in 1992, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.5M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.7M, a strong 42% operating margin.

Mission

Helping Catholics with faith-inspired giving and legacy planning while stewarding funds for the long-term sustainability of the Catholic organizations in our community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,695,607

Program Service Revenue $402,689

Investment Income $5,437,433

Other Revenue $0

TOTAL REVENUE $13,535,729

Expense Breakdown

Grants Paid $6,001,636

Salaries & Benefits $1,090,691

Fundraising Expenses $828,490

Program Expenses $6,205,953

Other Expenses $718,994

TOTAL EXPENSES $7,811,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,535,729	$6,290,669	+1.2%
Expenses	$7,811,321	$5,434,587	+0.4%
Net Income	$5,724,408	$856,082	+5.7%

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

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

$353,691

Total Directors

$152,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Coveny	President of CFNGA	40.0	Officer	$187,650	$28,711	$216,361
Juliet Greco	VP, Dev. & Donor Relations	40.0	Highest	$122,231	$24,786	$147,017
John Ronco	Director of Finance	40.0	Officer	$113,092	$24,238	$137,330
Most Reverend Gregory Hartmayer	Director	1.0	Director	$0	$35,995	$82,267
Reverend Henry Atem	Director	1.0	Director	$0	$33,087	$70,239
Matthew Gries	Director	1.0	Director	$0	$0	$0
Brent Herrin	Board Chair	1.0	Officer Director	$0	$0	$0
Donna Bergeson	Treasurer	1.0	Officer Director	$0	$0	$0
Lisa Churchfield	Deputy Treasurer	1.0	Officer Director	$0	$0	$0
Jean Harvey Johnson	Director	1.0	Director	$0	$0	$0
Alejandro Coss	Director	1.0	Director	$0	$0	$0
Bill Allen	Director	1.0	Director	$0	$0	$0
Brian Dooling	Director	1.0	Director	$0	$0	$0
Brooks McElyea	Director	1.0	Director	$0	$0	$0
Cherish De la Cruz	Director	1.0	Director	$0	$0	$0
Christopher Reynolds	Director	1.0	Director	$0	$0	$0
Consuelo Ecuyer	Director	1.0	Director	$0	$0	$0
David Withers	Director	1.0	Director	$0	$0	$0
Delano Ross	Director	1.0	Director	$0	$0	$0
Dick White	Director	1.0	Director	$0	$0	$0
Dolly Fairclough	Director	1.0	Director	$0	$0	$0
Joanie Gross	Director	1.0	Director	$0	$0	$0
John Rhett	Director	1.0	Director	$0	$0	$0
Kathy Farrell	Vice Chair	1.0	Officer Director	$0	$0	$0
Matthew Harris	Director	1.0	Director	$0	$0	$0
Maurizio Agresta	Director	1.0	Director	$0	$0	$0
Michael McEnaney	Director	1.0	Director	$0	$0	$0
Salvador Arias	Director	1.0	Director	$0	$0	$0
Sant Perez	Secretary	1.0	Officer Director	$0	$0	$0
Sheila McGahan Monardo	Director	1.0	Director	$0	$0	$0
Tim Doyle	Director	1.0	Director	$0	$0	$0
Amy Kluesner	Director	1.0	Director	$0	$0	$0
Vimala Devassy	Director	1.0	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	$13,535,729	$7,811,321	$150,507,570	$5,724,408
2024	$6,290,669	$5,434,587	$132,834,935	$856,082
2023	$14,419,921	$4,246,413	$119,208,830	$10,173,508
2022	$13,241,059	$4,107,969	$101,689,648	$9,133,090
2021	$7,387,223	$3,858,338	$109,592,495	$3,528,885
2020	$9,134,417	$3,368,355	$85,364,678	$5,766,062
2019	$7,778,438	$3,325,680	$79,706,946	$4,452,758
2018	$9,766,044	$2,773,818	$74,877,354	$6,992,226

THE CATHOLIC FOUNDATION OF NORTH GEORGIA