CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH INC (EIN 592470479) - 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

1984

Legal Domicile

Principal Officer

ELLEN T WAYNE EDD

Phone

5617759560

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2023. Expenses of $8.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

IN LIVING OUR FAITH, WE CREATE HOPE FOR PEOPLE IN NEED, WITHOUT REGARD TO RELIGION

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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 $6,682,688

Program Service Revenue $503,017

Investment Income $70,270

Other Revenue $-227,513

TOTAL REVENUE $7,028,462

Expense Breakdown

Grants Paid $1,087,234

Salaries & Benefits $5,711,011

Fundraising Expenses $287,189

Program Expenses $7,111,136

Other Expenses $1,637,802

TOTAL EXPENSES $8,436,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,028,462	$7,182,588	0.0%
Expenses	$8,436,047	$7,991,805	+0.1%
Net Income	$-1,407,585	$-809,217	+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

Volunteers

268

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

$563,153

Total Directors

$434,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SHANNON	PRESIDENT	3.00	Officer Director	$0	$0	$0
VERY REV ALBERTO DELLO RUSSO	VICE PRESIDENT	3.00	Officer Director	$0	$32,689	$71,410
VITO GENDUSA	TREASURER	3.00	Officer Director	$0	$33,945	$203,826
NANNETTE CASSIDY	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL LEWIS	DIRECTOR	1.00	Director	$0	$34,325	$159,381
MARK EIDEMUELLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HERRICK	DIRECTOR	1.00	Director	$0	$0	$0
MARIETTA MUINA MCNULTY	DIRECTOR	3.00	Director	$0	$0	$0
DR MARCIANO MICLAT JR	DIRECTOR	1.00	Director	$0	$0	$0
CATALINA PINES	DIRECTOR	1.00	Director	$0	$0	$0
RUBY RINKER	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN T WAYNE	EXECUTIVE DIRECTOR	40.00	Officer	$155,607	$26,671	$182,278
PETER HERRMAN	DIRECTOR OF FINANCE	40.00	Officer	$89,698	$15,941	$105,639

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	$7,028,462	$8,436,047	$4,689,568	$-1,407,585
2023	$7,182,588	$7,991,805	$5,999,370	$-809,217
2022	$7,389,495	$6,679,627	$6,676,427	$709,868
2021	$6,956,622	$6,271,554	$6,770,793	$685,068
2020	$6,712,453	$7,271,883	$5,271,881	$-559,430
2019	$7,051,259	$7,689,880	$5,772,372	$-638,621

CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH INC