Divine Mercy Communications Inc

EIN: 593733155 501(c)(3) Religion

Melbourne, FL

Total Revenue
$194,082
Total Expenses
$203,252
Total Assets
$1,637,216
Net Assets
$1,199,507
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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
2003
Legal Domicile
FL
Principal Officer
Richard Cancelosi
Phone
3217577717
Tax Period
2024-07-01 to 2025-06-30

Divine Mercy Communications Inc, founded in 2003, is a small nonprofit in the Religion sector that reported $194K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 74 months of operating reserves.

Mission

Broadcast Catholic Programming

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $193,755
Program Service Revenue $0
Investment Income $327
Other Revenue $0
TOTAL REVENUE $194,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,844
Fundraising Expenses $5,741
Program Expenses $110,029
Other Expenses $116,408
TOTAL EXPENSES $203,252

Year-over-Year Comparison

2024 2023 Change
Revenue $194,082 $319,636 -0.4%
Expenses $203,252 $248,405 -0.2%
Net Income $-9,170 $71,231 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
30

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Cancelosi President 5.00
Officer
$0 $0 $0
Thomas Frederick Vice President 5.00
Officer
$0 $0 $0
Anne Teather Director 5.00
Director
$0 $0 $0
Robert Groppe Treasurer 5.00
Officer
$0 $0 $0
Fredrika Erdman Director 5.00
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 $194,082 $203,252 $1,637,216 $-9,170
2024 $319,636 $248,405 $1,664,837 $71,231
2023 $224,043 $212,278 $1,593,551 $11,765
2022 $211,002 $210,550 $1,610,633 $452
2021 $314,581 $202,685 $1,643,113 $111,896
2020 $194,420 $200,352 $1,302,641 $-5,932
2019 $193,346 $226,073 $1,300,728 $-32,727
2018 $213,051 $226,626 $1,340,277 $-13,575
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