THE BOONTON CONGREGATION OF THE ORATORY OF THE SOCIETY OF ST PHILIP (EIN 844064161) - 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

2019

Legal Domicile

Principal Officer

FR DANIEL O'MULLANE

Phone

9733341017

Tax Period

2024-07-01 to 2025-06-30

THE BOONTON CONGREGATION OF THE ORATORY OF THE SOCIETY OF ST PHILIP, founded in 2019, is a small nonprofit in the Religion sector that reported $620K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $231K, a strong 37% operating margin.

Mission

BUILD THE FAITH COMMUNITY OF OUR LADY OF MOUNT CARMEL THROUGH THE WORKS OF THE ORATORY, THE CHURCH, AND THE SCHOOL

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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 $289,839

Program Service Revenue $313,574

Investment Income $16,510

Other Revenue $0

TOTAL REVENUE $619,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,320

Fundraising Expenses $0

Program Expenses $339,033

Other Expenses $143,464

TOTAL EXPENSES $388,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,923	$563,752	+0.1%
Expenses	$388,784	$217,853	+0.8%
Net Income	$231,139	$345,899	-0.3%

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

N/A

Employees

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

$41,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TESTA	CHIEF FINANC	40.00	Officer	$41,667	$0	$41,667
LUKE AGNEW	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS GERBER	DIRECTOR	1.00	Director	$0	$0	$0
BONITA O'MULLANE	TREASURER	1.00	Officer Director	$0	$0	$0
DR JOHN O'MULLANE	SECRETARY	4.00	Officer Director	$0	$0	$0
FR DANIEL O'MULLANE	PRESIDENT	8.00	Officer Director	$0	$0	$0
MICHAEL J ROSE	DIRECTOR	1.00	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
2025	$619,923	$388,784	$2,248,218	$231,139
2024	$563,752	$217,853	$2,088,960	$345,899
2023	$336,051	$107,049	$1,370,523	$229,002
2022	$352,389	$43,113	$965,314	$309,276

THE BOONTON CONGREGATION OF THE ORATORY OF THE SOCIETY OF ST PHILIP