Catholic Retirement Facilities Inc (EIN 582087007) - 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

1988

Legal Domicile

Principal Officer

Vanessa Russell

Phone

4049207403

Tax Period

2024-01-01 to 2024-12-31

Catholic Retirement Facilities Inc, founded in 1988, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Expenses of $407K exceeded revenue, resulting in a 24% operating deficit.

Mission

To own and operate an apartment facility for low-income elderly and self-sufficient handicapped persons under section 202 of the National Housing Act.

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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 $0

Program Service Revenue $328,838

Investment Income $16

Other Revenue $0

TOTAL REVENUE $328,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,065

Fundraising Expenses $0

Program Expenses $340,110

Other Expenses $305,334

TOTAL EXPENSES $407,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,854	$321,185	+0.0%
Expenses	$407,399	$374,209	+0.1%
Net Income	$-78,545	$-53,024	+0.5%

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
Vanessa Russell	President & Board Member	1.00	Officer Director	$0	$0	$0
Bradley J Wilson	Board Member	1.00	Director	$0	$0	$0
Melissa Chapman	Treasurer	1.00	Officer	$0	$0	$0
Deacon Dennis Dorner Sr	Secretary	1.00	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
2024	$328,854	$407,399	$1,358,852	$-78,545
2023	$321,185	$374,209	$1,438,131	$-53,024
2022	$284,153	$358,141	$1,473,171	$-73,988
2021	$285,087	$344,769	$1,495,561	$-59,682
2020	$273,669	$343,632	$1,528,835	$-69,963
2019	$260,950	$354,049	$1,585,346	$-93,099
2018	$237,042	$357,554	$1,671,159	$-120,512

Catholic Retirement Facilities Inc