The John G and Marie Stella Kenedy Memorial Foundation (EIN 746040701) - 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

1960

Legal Domicile

Principal Officer

Sylvia Whitmore

Phone

3618876565

Tax Period

2023-01-01 to 2023-12-31

The John G and Marie Stella Kenedy Memorial Foundation, founded in 1960, is a mid-sized nonprofit in the Religion sector that reported $23.3M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $21.5M left a modest 8% surplus.

Mission

To support religious, educational, and charitable purposes in Texas.

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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 $0

Program Service Revenue $685

Investment Income $7,948,215

Other Revenue $15,391,120

TOTAL REVENUE $23,340,020

Expense Breakdown

Grants Paid $16,203,608

Salaries & Benefits $2,065,579

Fundraising Expenses $0

Program Expenses $16,816,506

Other Expenses $3,271,778

TOTAL EXPENSES $21,540,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,340,020	$49,226,807	-0.5%
Expenses	$21,540,965	$22,004,481	0.0%
Net Income	$1,799,055	$27,222,326	-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

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

$388,022

Total Directors

$415,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bishop Robert Coerver	Director	1.00	Director	$13,800	$53,874	$88,650
Gloria Hicks	Vice President	2.00	Officer Director	$13,800	$0	$13,800
Robert J Sweeney	Treasurer	1.00	Officer Director	$13,800	$0	$13,800
Jean Claire Turcotte	Secretary	1.00	Officer Director	$13,800	$0	$13,800
Thomas E Dobson	Director	2.00	Director	$1,000	$0	$1,000
Brad Stewart	Director	0.50	Director	$1,000	$0	$1,000
Nicholas T Serafy Jr	Director	2.00	Director	$13,800	$0	$13,800
Marcela Garcia	Director	1.50	Director	$12,800	$0	$12,800
Michael F Terry	Director	1.50	Director	$13,800	$0	$13,800
Francis Hubert	Director	0.50	Director	$12,800	$0	$12,800
Ricardo Hinojosa	President	0.48	Officer Director	$0	$0	$0
BP WM Michael Mulvey	Director	1.00	Director	$12,600	$45,716	$86,318
AB Gustavo Garcia-Siller	Director	3.00	Director	$12,600	$33,534	$71,592
Bishop John Cahill	Director	1.50	Director	$13,800	$40,938	$72,738
Sylvia Whitmore	CEO/Officer	40.00	Officer	$293,854	$52,768	$346,622
Paul Damerow	Comptroller	40.00	Highest	$161,095	$35,507	$196,602
Marco Castillo	Operations Officer	40.00	Highest	$142,864	$27,312	$170,176
Silvat Majeed	Investment Officer	40.00	Highest	$119,410	$17,060	$136,470
Linda E Galvan	Assistant Comptroller	40.00	Highest	$115,143	$24,311	$139,454

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	$23,340,020	$21,540,965	$447,376,604	$1,799,055
2022	$49,226,807	$22,004,481	$391,275,423	$27,222,326
2021	$73,765,655	$19,899,876	$427,674,743	$53,865,779
2020	$75,089,891	$18,408,488	$364,888,417	$56,681,403
2019	$23,664,032	$18,685,512	$343,706,599	$4,978,520
2018	$21,681,654	$17,470,310	$299,478,723	$4,211,344

The John G and Marie Stella Kenedy Memorial Foundation