CATHOLIC FOUNDATION OF MICHIGAN (EIN 814107324) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

ANGELA MOLONEY

Phone

2482040332

Tax Period

2024-01-01 to 2024-12-31

CATHOLIC FOUNDATION OF MICHIGAN, founded in 2016, is a community nonprofit in the Religion sector that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $8.3M left a modest 5% surplus.

Mission

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN GIVING TO THEIR FAITH COMMUNITY. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE CATHOLIC MINISTRIES OF SOUTHEAST MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS AND NONPROFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,111,943

Program Service Revenue $0

Investment Income $1,209,537

Other Revenue $397,766

TOTAL REVENUE $8,719,246

Expense Breakdown

Grants Paid $7,071,983

Salaries & Benefits $486,221

Fundraising Expenses $40,621

Program Expenses $7,425,670

Other Expenses $695,973

TOTAL EXPENSES $8,254,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,719,246	$9,194,802	-0.1%
Expenses	$8,254,177	$6,065,107	+0.4%
Net Income	$465,069	$3,129,695	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$184,517

Total Directors

$184,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MOLONEY	PRESIDENT & CEO	40.00	Officer Director	$139,217	$45,300	$184,517
CHRIS ALLEN	CHAIR	4.00	Officer Director	$0	$0	$0
DON KUNZ	SECRETARY	4.00	Officer Director	$0	$0	$0
HARRY CENDROWSKI	TREASURER	4.00	Officer Director	$0	$0	$0
BEVERLY BELTRAMO	DIRECTOR	4.00	Director	$0	$0	$0
SCOTT BENNETT	DIRECTOR	4.00	Director	$0	$0	$0
ROSANNE BOMMARITO BRUGNONI	DIRECTOR	4.00	Director	$0	$0	$0
REV JEFFREY DAY	DIRECTOR	4.00	Director	$0	$0	$0
GREGORY DEMARS	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
BRIAN DEMKOWICZ	DIRECTOR	4.00	Director	$0	$0	$0
DONALD ENGLE	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS FABBRI	DIRECTOR	4.00	Director	$0	$0	$0
PAT FEHRING	DIRECTOR	4.00	Director	$0	$0	$0
GREGORY FISHER	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS FERLITO	DIRECTOR	4.00	Director	$0	$0	$0
JOHN HALE	DIRECTOR	4.00	Director	$0	$0	$0
JIM KEYES	DIRECTOR	4.00	Director	$0	$0	$0
GENE LOVASCO	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL MADISON	DIRECTOR	4.00	Director	$0	$0	$0
VINCE MASTRANGELO	DIRECTOR	4.00	Director	$0	$0	$0
KATHLEEN MCCANN	DIRECTOR	4.00	Director	$0	$0	$0
CATHERINE MCNAMARA	DIRECTOR	4.00	Director	$0	$0	$0
KAREN MERSINO	DIRECTOR	4.00	Director	$0	$0	$0
FRANK MIGLIAZZO	DIRECTOR	4.00	Director	$0	$0	$0
DOUG NOBLE	DIRECTOR	4.00	Director	$0	$0	$0
STEPHANIE QUESNELLE	DIRECTOR	4.00	Director	$0	$0	$0
FRANK RONEY	DIRECTOR	4.00	Director	$0	$0	$0
ANTHONY SCHENA	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS SCHOLLER	DIRECTOR	4.00	Director	$0	$0	$0
MARIA SCOTT	DIRECTOR	4.00	Director	$0	$0	$0
ANDREW SHMINA	DIRECTOR	4.00	Director	$0	$0	$0
MOST REV ALLEN VIGNERON	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL VLASIC	DIRECTOR	4.00	Director	$0	$0	$0
STEFAN WANCZYK	DIRECTOR	4.00	Director	$0	$0	$0
DANIEL WEINGARTZ	DIRECTOR	4.00	Director	$0	$0	$0
AARON WILKERSON	DIRECTOR	4.00	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	$8,719,246	$8,254,177	$54,339,838	$465,069
2023	$9,194,802	$6,065,107	$48,191,733	$3,129,695
2022	$20,315,357	$7,342,550	$38,406,383	$12,972,807
2021	$12,618,743	$3,975,132	$29,975,322	$8,643,611
2020	$4,586,504	$3,232,982	$19,388,147	$1,353,522
2019	$9,240,451	$1,622,193	$16,445,551	$7,618,258
2018	$4,801,576	$1,196,014	$7,330,617	$3,605,562

CATHOLIC FOUNDATION OF MICHIGAN