Caritas of Birmingham (EIN 630945243) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

Terry Colafrancesco

Phone

2056722000

Tax Period

2023-01-01 to 2023-12-31

Caritas of Birmingham, founded in 1988, is a community nonprofit in the Religion sector that reported $1.9M in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

To provide religious information and spread Our Lady of Medjugorje messages.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,957,462

Program Service Revenue $256,280

Investment Income $576

Other Revenue $-88,442

TOTAL REVENUE $2,125,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $571,338

Fundraising Expenses $66,538

Program Expenses $2,646,672

Other Expenses $2,274,154

TOTAL EXPENSES $2,845,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,125,876	$4,453,759	-0.5%
Expenses	$2,845,492	$2,629,156	+0.1%
Net Income	$-719,616	$1,824,603	-1.4%

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

N/A

Employees

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

$30,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Schutz	Director	0.50	Director	$0	$0	$0
Richard Colafrancesco	Director	0.50	Director	$0	$0	$0
Terry Colafrancesco	Pres/Treas	40.00	Officer	$8,844	$0	$8,844
Joan McDonald	Secretary	40.00	Officer	$21,868	$0	$21,868

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	No data	No data	No data	No data
2023	$2,125,876	$2,845,492	$9,290,041	$-719,616
2022	$4,453,759	$2,629,156	$9,843,084	$1,824,603
2021	$2,041,693	$2,341,400	$8,833,684	$-299,707
2020	$2,551,748	$2,210,398	$8,470,796	$341,350
2019	$2,253,353	$2,579,005	$7,747,769	$-325,652
2018	$1,892,410	$2,271,895	$7,938,884	$-379,485

Caritas of Birmingham