BASILICA PRESERVATION FUND INC (EIN 800167706) - 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

2008

Legal Domicile

Principal Officer

MARY EVERIST

Phone

8282309683

Tax Period

2024-01-01 to 2024-12-31

BASILICA PRESERVATION FUND INC, founded in 2008, is a small nonprofit in the Religion sector that reported $323K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 61% operating margin.

Mission

TO PRESERVE, RENOVATE, RESTORE AND REHABILITATE THE PROPERTIES OF THE BASILICA OF ST. LAWRENCE, A CHURCH THAT WAS CONSTRUCTED IN 1909 THAT HAS AN ADDRESS OF 97 HAYWOOD STREET, ASHEVILLE, NC 28801. TO RECEIVE AND MAINTAIN CONTRIBUTIONS OF MONEY, PERSONAL PROPERTY AND REAL PROPERTY TO USE AND APPLY TO A TAX-EXEMPT ORGANIZATION.

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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 $321,922

Program Service Revenue $0

Investment Income $1,033

Other Revenue $0

TOTAL REVENUE $322,955

Expense Breakdown

Grants Paid $115,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,723

Other Expenses $10,568

TOTAL EXPENSES $125,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,955	$213,711	+0.5%
Expenses	$125,568	$307,235	-0.6%
Net Income	$197,387	$-93,524	-3.1%

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
TRICHA DIAZ	TREASURER	2.00	Officer Director	$0	$0	$0
MARY EVERIST	PRESIDENT	6.50	Officer Director	$0	$0	$0
LAWRENCE GILLIAM	VICE PRESIDE	3.50	Officer Director	$0	$0	$0
JAN WILSON	SECRETARY	5.50	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	$322,955	$125,568	$644,938	$197,387
2023	$213,711	$307,235	$447,551	$-93,524
2022	$384,121	$62,462	$541,075	$321,659

BASILICA PRESERVATION FUND INC