CATHOLIC CHARITIES OF CORPUS CHRISTI INC (EIN 742330464) - 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

MICHELE JOHNSTON

Phone

3618826191

Tax Period

2023-07-01 to 2024-06-30

CATHOLIC CHARITIES OF CORPUS CHRISTI INC, founded in 1984, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SERVICE TO PEOPLE IN NEED AND TO ADDRESS SOCIAL ILLS THAT UNDERMIND THE DIGNITY OF THE PERSON. THE ULTIMATE GOAL OF CATHOLIC CHARITIES IS TO CREATE POSITIVE LIFE CHANGING OPPORTUNITIES FOR THOSE IN NEED WITHOUT REGARD TO COLOR, RACE OR CREED.

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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 $1,662,656

Program Service Revenue $110,164

Investment Income $120,373

Other Revenue $0

TOTAL REVENUE $1,893,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,219,545

Fundraising Expenses $0

Program Expenses $1,599,616

Other Expenses $705,110

TOTAL EXPENSES $1,924,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,893,193	$1,576,304	+0.2%
Expenses	$1,924,655	$1,766,873	+0.1%
Net Income	$-31,462	$-190,569	-0.8%

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

118

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

$88,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LIPPINCOTT	PRESIDENT	0.00	Officer Director	$0	$0	$0
ARTHUR HAAS	DIRECTOR	0.00	Director	$0	$0	$0
MINNIE DENNIS	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT BLACK	DIRECTOR	0.00	Director	$0	$0	$0
DR NELLY GARCIA BLOW	DIRECTOR	0.00	Director	$0	$0	$0
CECILIA BELINDA HUGHES	SECRETARY	0.00	Officer Director	$0	$0	$0
AMY TAFT KOCH	DIRECTOR	0.00	Director	$0	$0	$0
DAVE THOMAS	DIRECTOR	0.00	Director	$0	$0	$0
DENISE THOMPSON	DIRECTOR	0.00	Director	$0	$0	$0
LAWRENCE LARRY MARTINEZ	PRESIDENT-ELECT	0.00	Officer Director	$0	$0	$0
MICHELE JOHNSTON	EXECUTIVE DIRECTOR	1.00	Officer	$88,930	$0	$88,930

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	No data	No data	No data	No data
2024	$1,893,193	$1,924,655	$4,008,674	$-31,462
2023	$1,576,304	$1,766,873	$4,001,744	$-190,569
2022	$2,298,491	$2,076,981	$4,094,984	$221,510
2021	$1,770,729	$2,224,470	$3,926,326	$-453,741
2020	$2,750,907	$2,679,383	$4,231,888	$71,524
2019	$2,214,937	$2,628,206	$4,371,090	$-413,269
2018	$3,652,087	$2,347,517	$4,791,244	$1,304,570

CATHOLIC CHARITIES OF CORPUS CHRISTI INC