Foundations in Charity Inc (EIN 832733447) - 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

2018

Legal Domicile

Principal Officer

ANNE O MCCRORY

Phone

2034161390

Tax Period

2023-07-01 to 2024-06-30

Foundations in Charity Inc, founded in 2018, is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $345K exceeded revenue, resulting in a 29% operating deficit.

Mission

To provide financial support to Catholic Charities of Fairfield County and other charitable organizations to continue to provide support to the needy across Fairfield County.

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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 $76,127

Program Service Revenue $0

Investment Income $191,819

Other Revenue $0

TOTAL REVENUE $267,946

Expense Breakdown

Grants Paid $214,041

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,041

Other Expenses $131,214

TOTAL EXPENSES $345,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,946	$408,560	-0.3%
Expenses	$345,255	$275,519	+0.3%
Net Income	$-77,309	$133,041	-1.6%

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

$485,353

Total Directors

$485,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Hanlon	Treasurer	1.0	Officer Director	$0	$12,098	$259,196
Anne O McCrory	CHAIRPERSON	1.0	Officer Director	$0	$10,788	$226,157
Michael Boyd	Trustee	1.0	Director	$0	$0	$0
Tony Fernandez	Trustee	1.0	Director	$0	$0	$0
Louise Gidez	Trustee	1.0	Director	$0	$0	$0
MICHAEL MCNULTY	TRUSTEE	1.0	Director	$0	$0	$0
JOHN DANAHER	TRUSTEE	1.0	Director	$0	$0	$0
AL BARBER	SECRETARY	1.0	Officer Director	$0	$0	$0
JERRY KNORR	TRUSTEE	1.0	Director	$0	$0	$0
SHEILA PETTEE	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS KOLENBERG	TRUSTEE	1.0	Director	$0	$0	$0
JOHN SIBLEY	TRUSTEE	1.0	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	$267,946	$345,255	No data	$-77,309
2023	$408,560	$275,519	$7,461,394	$133,041
2022	$604,812	$391,105	$6,705,629	$213,707
2021	$695,772	$970,362	$6,494,965	$-274,590
2020	$1,869,656	$173,368	$6,684,913	$1,696,288
2019	$4,929,786	No data	$4,929,786	No data

Foundations in Charity Inc