FRIENDS OF THE ANGLICAN CENTRE IN SANTIAGO DE COMPOSTELA INC (EIN 813926530) - 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

2016

Legal Domicile

Principal Officer

NANCY HOXSIE MEAD

Phone

6464043343

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE ANGLICAN CENTRE IN SANTIAGO DE COMPOSTELA INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $214K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $507K exceeded revenue, resulting in a 137% operating deficit.

Mission

THE FRIENDS COLLABORATES WITH THE EPISCOPAL CHURCH IN SPAIN TO OPEN A PLACE OF SANCTUARY WHERE PILGRIMS OF EVERY KIND, BELIEVERS AND SEEKERS, MAY ANCHOR THEIR CAMINO JOURNEY IN SANTIAGO DE COMPOSTELA. WITH SANTIAGO DE COMPOSTELA BEING THE THIRD MAJOR HOLY SITE OF PILGRIMAGE IN CHRISTIANITY, OUR CENTRE JOINS THE ANGLICAN CENTRES IN JERUSALEM AND ROME AS VITAL PLACES OF ANGLICAN HOSPITALITY THAT EMBRACE ECUMENISM, OUTREACH, YOUTH DEVELOPMENT, SPIRITUAL FORMATION, AND INTERFAITH DIALOGUE. THE EPISCOPAL CHURCH OF SPAIN RUNS A SMALL HOTEL AND CHURCH, SANTA SUSANA, IN SANTIAGO DE COMPOSTELA WHICH IS AVAILABLE FOR SERVICES AND PRAYER.

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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 $213,744

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $213,744

Expense Breakdown

Grants Paid $401,045

Salaries & Benefits $0

Fundraising Expenses $52,134

Program Expenses $425,060

Other Expenses $66,020

TOTAL EXPENSES $507,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,744	$157,023	+0.4%
Expenses	$507,065	$115,283	+3.4%
Net Income	$-293,321	$41,740	-8.0%

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

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
NANCY H MEAD	PRESIDENT	20.00	Officer Director	$0	$0	$0
THE REV SPENCER REECE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THE REV GARY MANNING	SECRETARY	0.25	Officer Director	$0	$0	$0
EDITH L MORRILL	TREASURER	20.00	Officer Director	$0	$0	$0
THE RIGHT REV DR CARLOS LOPEZ LOZAN	DIRECTOR, EX-OFFICIO	5.00	Director	$0	$0	$0
THE REV CANON GREG FORAKER	DIRECTOR	1.00	Director	$0	$0	$0
THE REV JOHN BEDDINGFIELD	DIRECTOR	1.00	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	$213,744	$507,065	$620,877	$-293,321
2022	$157,023	$115,283	$903,411	$41,740
2021	$915,951	$261,428	$862,390	$654,523

FRIENDS OF THE ANGLICAN CENTRE IN SANTIAGO DE COMPOSTELA INC