CARMELITE MONASTERY OF THE SACRED HEARTS (EIN 742515178) - 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

1988

Legal Domicile

Principal Officer

SR CARITAS MARIE

Phone

7194950120

Tax Period

2024-01-01 to 2024-12-31

CARMELITE MONASTERY OF THE SACRED HEARTS, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 22% operating margin.

Mission

TO LIVE THE CONTEMPLATIVE CLOISTERED RELIGIOUS LIFE IN KEEPING WITH TRADITIONAL ROMAN CATHOLIC PRECEPTS, TO GIVE PRAISE AND GLORY TO GOD, TO SUPPORT AND ASSIST PRIESTS BY PRAYER TO MAKE ALTAR LINENS AND VESTMENTS, AND TO SUPPORT THE LAITY BY PRAYER, COUNSELING AND INSTRUCTION.

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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 $648,863

Program Service Revenue $0

Investment Income $21,943

Other Revenue $555,140

TOTAL REVENUE $1,225,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,815

Program Expenses $933,543

Other Expenses $958,028

TOTAL EXPENSES $958,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,225,946	$869,522	+0.4%
Expenses	$958,028	$513,356	+0.9%
Net Income	$267,918	$356,166	-0.2%

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
SR CATHERINE	DIRECTOR	N/A	Director	$0	$0	$0
SR ANNE CHRISTINE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SR CLARE	DIRECTOR	N/A	Director	$0	$0	$0
SR CARITAS MARIE	PRESIDENT	N/A	Officer Director	$0	$0	$0
SR TERESA	SEC/TREASURE	N/A	Officer 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
2024	$1,225,946	$958,028	$3,499,917	$267,918
2023	$869,522	$513,356	$3,234,001	$356,166
2022	$755,665	$667,771	$2,875,835	$87,894
2021	$727,487	$548,337	$2,787,941	$179,150
2020	$612,295	$460,096	$2,606,791	$152,199
2019	$553,366	$400,914	$2,454,592	$152,452
2018	$426,298	$396,428	$2,300,340	$29,870

CARMELITE MONASTERY OF THE SACRED HEARTS