SHANEROCK - ALWAYS BELIEVE INC - 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

2016

Legal Domicile

Principal Officer

AMY HADDAD

Phone

4402380445

Tax Period

2023-01-01 to 2023-12-31

SHANEROCK - ALWAYS BELIEVE INC, founded in 2016, is a small nonprofit in the Health Care sector that reported $209K in total revenue in fiscal year 2023. Net assets of $486K represent 28 months of operating reserves.

Mission

SHANEROCK-ALWAYS BELIEVE INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING FOR SUCH PURPOSES, TO PROVIDE FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT TO FAMILIES AND OTHER 501(C)(3) EXEMPT ORGANIZATIONS TO BATTLE PEDIATRIC CANCER. NO PART OF ITS NET EARNINGS WILL INURE TO THE BENEFIT OF ANY PRIVATE INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $181,637

IN 2023, SHANEROCK- ALWAYS BELIEVE WAS ABLE TO PROVIDE MONETARY GRANTS, OF AMOUNTS RANGING FROM $1,000 - $5,000 TO 58 FAMILIES EXPERIENCING THE INCREASED MEDICAL COSTS AND EMOTIONAL STRESS OF HAVING A FAMILY MEMBER RECEIVING CARE FOR PEDIATRIC CANCER, OR FOR FUNERAL COSTS FOR THE CHILDREN WHO LOST THEIR FIGHT WITH PEDIATRIC CANCER. IN SOME INSTANCES, A POST LIFE GIFT MAY BE MADE IN A CHILD'S HONOR TO ANOTHER CHARITABLE ORGANIZATION BENEFITING OTHER CHILDREN BATTLING CANCER.ADDITIONAL GRANTS OF CLOTHING, GIFT CARDS AND FOOD WERE PROVIDED DURING THE DECEMBER HOLIDAYS TO FAMILIES COPING WITH PEDIATRIC CANCER.

Program 2

Expenses: $10,649 Revenue: $106,772

SHANEROCK RUNTHE SHANEROCK RUN RETURNED IN 2022. OVER 683 PARTICPANTS TOOK PART IN THE 5K RACE OR 1 MILE WALK TO BENEFIT SHANEROCK - ALWAYS BELEIVE.

Program 3

Expenses: $8,872 Revenue: $10,799

SALES OF SHANEROCK CANDLES AND SHANEROCK LOGO CLOTHING

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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 $180,358

Program Service Revenue $10,799

Investment Income $17,505

Other Revenue $0

TOTAL REVENUE $208,662

Expense Breakdown

Grants Paid $181,637

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,158

Other Expenses $44,466

TOTAL EXPENSES $226,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,662	$206,104	+0.0%
Expenses	$226,103	$186,661	+0.2%
Net Income	$-17,441	$19,443	-1.9%

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

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
AMY HADDAD	TRUSTEE/PRESIDENT	8.00	Officer Director	$0	$0	$0
ERIC HADDAD	TRUSTEE	8.00	Director	$0	$0	$0
ASHLEY ISON	TRUSTEE/VP/SECRETARY	2.00	Officer Director	$0	$0	$0
JOE MORRIS	TRUSTEE	2.00	Director	$0	$0	$0
AARON MARINELLI	TRUSTEE/TREASURER	2.00	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	No data	No data	No data	No data
2023	$208,662	$226,103	$487,839	$-17,441
2022	$206,104	$186,661	$509,836	$19,443
2021	$195,526	$94,510	$484,910	$101,016
2020	$209,332	$123,151	$385,721	$86,181
2019	$247,925	$134,277	$297,643	$113,648

SHANEROCK - ALWAYS BELIEVE INC