THE CATHOLIC FOUNDATION OF SOUTHEA… - 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

2018

Legal Domicile

Principal Officer

NICHOLAS M CHRIST

Phone

5089856705

Tax Period

2024-07-01 to 2025-06-30

THE CATHOLIC FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC, founded in 2018, is a community nonprofit in the Religion sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 7% surplus.

Mission

TO SUPPORT THE WORK OF THE CATHOLIC RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THEIR MINISTERIES WITHIN THE DIOCESE OF FALL RIVER. ALSO TO PROVIDE PROPER MANAGEMENT OF THE ASSETS AND RESOURCES OF THE FOUNDATION AND THE DIOCESAN INSTITUTIONS AND TO PROVIDE FOR THE CURRENT AND FUTURE NEEDS OF THE DIOCESE AND DIOCESAN INSTITUTIONS WITHIN THE GEOGRAPHIC BOUNDARIES OF THE DIOCESE OF FALL RIVER.

Program Service Accomplishments

Program 1

Expenses: $4,875,223 Revenue: $991,547

ADVANCE THE MISSION OF THE DIOCESE OF FALL RIVER AND TO STRENGTHEN THE COMMUNITY AND PARISHES, ASSIST IN SECURING THE FINANCIAL RESOURCES NEEDED FOR REBUILDING FAITH AND HOPE

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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 $4,353,574

Program Service Revenue $991,547

Investment Income $165,512

Other Revenue $244,075

TOTAL REVENUE $5,754,708

Expense Breakdown

Grants Paid $3,743,683

Salaries & Benefits $0

Fundraising Expenses $90,435

Program Expenses $4,875,223

Other Expenses $1,594,817

TOTAL EXPENSES $5,338,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,754,708	$3,720,834	+0.5%
Expenses	$5,338,500	$3,311,062	+0.6%
Net Income	$416,208	$409,772	+0.0%

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
PATRICK CARNEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
NICHOLAS M CHRIST	TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT LONG	DIRECTOR	2.00	Director	$0	$0	$0
MOST REVEREND EDGAR M DA CUNHA	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE LONG	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD LAFRANCE	DIRECTOR	2.00	Director	$0	$0	$0
REV MARCEL H BOUCHARD	CLERK	2.00	Officer Director	$0	$0	$0
MARYELLEN SULLIVAN HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE L AGOSTINI UNTIL 6925	CLERK	2.00	Officer Director	$0	$0	$0
MIRIAM FINN SHERMAN	CHIEF EXECUTIVE OFFICER	40.00	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	$5,754,708	$5,338,500	$4,723,108	$416,208
2024	$3,720,834	$3,311,062	$3,732,483	$409,772
2023	$2,805,512	$2,863,511	$3,342,683	$-57,999
2022	$2,808,614	$2,232,223	$2,839,964	$576,391
2021	$2,452,142	$2,375,719	$2,774,273	$76,423
2020	$3,077,996	$1,679,441	$2,640,709	$1,398,555
2019	$1,380,478	$1,009,670	$1,050,534	$370,808

THE CATHOLIC FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC