PILLAR AND GROUND OF TRUTH FOUNDATION INC (EIN 611164915) - 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

PHILLIP SPALDING

Phone

5023489438

Tax Period

2022-06-01 to 2023-05-31

PILLAR AND GROUND OF TRUTH FOUNDATION INC, founded in 1984, is a micro nonprofit that reported $34K in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 7308% operating deficit.

Mission

THE ORGANIZATION UPHOLDS THE ROMAN CATHOLIC RELIGION THROUGH SUPPORT AND GRANTS TO CATHOLIC MINISTRIES AND ORGANIZATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $16,099

Other Revenue $17,687

TOTAL REVENUE $33,786

Expense Breakdown

Grants Paid $2,494,605

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,502,717

Other Expenses $8,112

TOTAL EXPENSES $2,502,717

Year-over-Year Comparison

	2022	2021	Change
Revenue	$33,786	$118,506	-0.7%
Expenses	$2,502,717	$133,895	+17.7%
Net Income	$-2,468,931	$-15,389	+159.4%

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

N/A

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
REV ROGER ARNSPARGER	DIR/PRES	2.00	Officer Director	$0	$0	$0
PHIL SPALDING	DIR/VP	10.00	Officer Director	$0	$0	$0
MARTHA SPALDING	DIR/SEC	10.00	Officer Director	$0	$0	$0
THOMAS P MONAGHAN	BOARD MEMBER	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
2023	$33,786	$2,502,717	No data	$-2,468,931
2022	$118,506	$133,895	$2,526,340	$-15,389
2021	$98,379	$115,854	$2,546,530	$-17,475
2020	$50,406	$195,525	$2,304,494	$-145,119
2019	$125,758	$145,021	$2,337,832	$-19,263

PILLAR AND GROUND OF TRUTH FOUNDATION INC