LOUISE B HIRS CHARITABLE UNITRUST … - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ROGER E COLE

Phone

2514318309

Tax Period

2024-01-01 to 2024-12-31

LOUISE B HIRS CHARITABLE UNITRUST #1255000410, founded in 1985, is a small nonprofit in the Religion sector that reported $712K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $12.0M represent 202 months of operating reserves.

Mission

THE CHARITABLE TRUST WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF THREE NAMED CHARITIES. THESE CHARITIES ARE: SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY, INC., THE DISCALCED CARMELITE NUNS, AND THE ALLEN MEMORIAL HOME. ALL THREE OF THESE CHARITIES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $664,971

PLEASE REFER TO PART III, ITEM 1 ABOVE.

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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 $0

Investment Income $712,403

Other Revenue $0

TOTAL REVENUE $712,403

Expense Breakdown

Grants Paid $664,971

Salaries & Benefits $83,374

Fundraising Expenses $0

Program Expenses $664,971

Other Expenses $15,328

TOTAL EXPENSES $763,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$712,403	$499,867	+0.4%
Expenses	$763,673	$894,303	-0.1%
Net Income	$-51,270	$-394,436	-0.9%

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

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
N/A	TRUSTEE	1.00		$83,374	$0	$83,374

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	$712,403	$763,673	$11,967,183	$-51,270
2023	$499,867	$894,303	$12,017,517	$-394,436
2022	$460,286	$774,766	$12,414,601	$-314,480
2021	$1,460,198	$810,184	$12,725,994	$650,014
2020	$690,266	$768,727	$12,071,767	$-78,461
2019	$1,666,767	$799,503	$12,146,485	$867,264
2018	$886,520	$915,764	$12,824,754	$-29,244

LOUISE B HIRS CHARITABLE UNITRUST #1255000410