THE FOUNDATION OF THE ROMAN CATHOL… - 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

MAUREEN O'KEEFFE LINDGREN

Phone

9195681065

Tax Period

2022-07-01 to 2023-06-30

THE FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF RALEIGH INC, founded in 2018, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2022. Revenue fell 84% from the prior year — a significant decline worth monitoring. Net assets of $71.6M represent 281 months of operating reserves.

Mission

THE FOUNDATION WAS FORMED TO CULTIVATE ENDOWED AND MAJOR GIFTS FOR THE LONG-TERM BENEFIT OF THE MINISTRIES OF THE DIOCESE OF RALEIGH WHILE PROVIDING EFFECTIVE AND EFFICIENT MANAGEMENT AND DISTRIBUTION OF INVESTED FUNDS.

Program Service Accomplishments

Program 1

Expenses: $2,396,526

THE FOUNDATION, HEADQUARTERED IN RALEIGH, NORTH CAROLINA, EXISTS TO CULTIVATE ENDOWED AND MAJOR GIFTS FOR THE LONG-TERM BENEFIT OF THE PARISHES, SCHOOLS, PROGRAMS, AND MINISTRIES OF THE CATHOLIC...

THE FOUNDATION, HEADQUARTERED IN RALEIGH, NORTH CAROLINA, EXISTS TO CULTIVATE ENDOWED AND MAJOR GIFTS FOR THE LONG-TERM BENEFIT OF THE PARISHES, SCHOOLS, PROGRAMS, AND MINISTRIES OF THE CATHOLIC DIOCESE OF RALEIGH WHILE PROVIDING EFFECTIVE AND EFFICIENT MANAGEMENT AND DISTRIBUTION OF INVESTED FUNDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,994,483

Program Service Revenue $0

Investment Income $1,063,996

Other Revenue $0

TOTAL REVENUE $3,058,479

Expense Breakdown

Grants Paid $2,297,084

Salaries & Benefits $425,879

Fundraising Expenses $284,869

Program Expenses $2,396,526

Other Expenses $439,564

TOTAL EXPENSES $3,162,527

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,058,479	$19,156,284	-0.8%
Expenses	$3,162,527	$3,300,049	0.0%
Net Income	$-104,048	$15,856,235	-1.0%

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

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

$128,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY A MANN	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN W BYRNE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
H DEAN PENNY	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
MICHAEL GOODMON	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNE W STAHEL	BOARD MEMBER	3.00	Director	$0	$0	$0
RICARDO HERRERA	BOARD MEMBER	3.00	Director	$0	$0	$0
VERY REVEREND MICHAEL J BURBECK VG	BOARD MEMBER	3.00	Director	$0	$0	$0
MAUREEN O'KEEFFE LINDGREN	EXECUTIVE DIRECTOR	40.00	Officer	$108,902	$19,859	$128,761

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
2023	$3,058,479	$3,162,527	$72,625,930	$-104,048
2022	$19,156,284	$3,300,049	$68,615,625	$15,856,235
2021	$2,802,448	$3,735,674	$76,385,050	$-933,226
2020	$3,895,212	$2,456,060	$60,802,291	$1,439,152

THE FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF RALEIGH INC