BISHOP KELLY FOUNDATION INC (EIN 820332399) - 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

1976

Legal Domicile

Principal Officer

KIM MALVICK

Phone

2083234789

Tax Period

2023-07-01 to 2024-06-30

BISHOP KELLY FOUNDATION INC, founded in 1976, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE FOUNDATION'S PRINCIPAL GOAL HAS BEEN TO PROVIDE FUNDING FOR SCHOLARSHIPS, OPERATIONS, AND CAPITAL IMPROVEMENTS THAT WILL KEEP BISHOP KELLY'S STANDARDS AND QUALITY AT THE HIGHEST LEVEL.

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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 $515,874

Program Service Revenue $0

Investment Income $517,934

Other Revenue $371,063

TOTAL REVENUE $1,404,871

Expense Breakdown

Grants Paid $1,553,121

Salaries & Benefits $107,895

Fundraising Expenses $38,263

Program Expenses $1,606,414

Other Expenses $68,526

TOTAL EXPENSES $1,729,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,404,871	$2,288,712	-0.4%
Expenses	$1,729,542	$1,854,490	-0.1%
Net Income	$-324,671	$434,222	-1.7%

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

$98,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BRADY JR	DIRECTOR	1.00	Director	$0	$0	$0
KATYA CIOVACCO	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY BURNETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
ANDY EMERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY ERSTAD	DIRECTOR	1.00	Director	$0	$0	$0
BILL GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN JARVIS	DIRECTOR	1.00	Director	$0	$0	$0
MAEGAN KRAHN	DIRECTOR	1.00	Director	$0	$0	$0
CORY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BILL KEARNS	DIRECTOR	1.00	Director	$0	$0	$0
HALEY LAMEY	DIRECTOR	1.00	Director	$0	$0	$0
TODD MCCURRY	DIRECTOR	1.00	Director	$0	$0	$0
ADAM RICHINS	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN PORTER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY RAEBER	DIRECTOR	1.00	Director	$0	$0	$0
KAITLYN REBHOLTZ-WALL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REDINGER	DIRECTOR	1.00	Director	$0	$0	$0
JACK WALBORN	DIRECTOR	1.00	Director	$0	$0	$0
KURT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BILL AVEY	BISHOP KELLY HIGH SCHOOL P	1.00	Director	$0	$0	$0
CHARLES LAWRENCE	DIOCESE REPRESENTATIVE	1.00	Director	$0	$0	$0
DR SARA QUILICI	PRINCIPAL BISHOP KELLY HIG	1.00	Director	$0	$0	$0
JOLENE ARMUTH	BISHOP KELLY FACULTY REPRE	1.00	Director	$0	$0	$0
JOE SCHNEEHAGEN	BOARD OF GOVERNANCE REPRESENTATIVE	1.00	Director	$0	$0	$0
TOMMY STEINER	DIRECTOR OF DEV.	1.00	Director	$0	$0	$0
KIM MALVICK	EXECUTIVE DIRECTOR	32.00	Director	$0	$0	$98,316
JULIA MARTINEZ	PRESIDENT	2.00	Officer	$0	$0	$0
TROY LITTLE	TREASURER	2.00	Officer	$0	$0	$0
MICHAELA CENTERS	SECRETARY	2.00	Officer	$0	$0	$0
GEOFF GROSS	VICE PRESIDENT	2.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,404,871	$1,729,542	$17,700,592	$-324,671
2023	$2,276,612	$1,783,052	$17,051,753	$493,560
2022	$3,286,112	$1,377,919	$16,009,811	$1,908,193
2021	$5,779,670	$1,299,195	$17,212,998	$4,480,475
2020	$1,542,041	$1,108,926	$13,141,167	$433,115
2019	$1,700,937	$1,085,894	$12,604,837	$615,043
2018	$1,802,452	$1,179,422	$11,520,164	$623,030

BISHOP KELLY FOUNDATION INC