HALO INITIATIVE FOR CATHOLIC EDUCATION INC (EIN 851229719) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

RICK SPURR

Phone

9726699346

Tax Period

2023-07-01 to 2024-06-30

HALO INITIATIVE FOR CATHOLIC EDUCATION INC, founded in 2020, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

TO WORK ALONGSIDE OUR CATHOLIC SCHOOLS OFFICE AND THE DALLAS COMMUNITY TO STRENGTHEN, GROW THE IMPACT OF, AND PROVIDE BROAD-BASED ACCESS TO OUR K-8 CATHOLIC SCHOOLS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $249,868

Program Service Revenue $223,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $473,762

Expense Breakdown

Grants Paid $176,715

Salaries & Benefits $232,263

Fundraising Expenses $13,215

Program Expenses $329,007

Other Expenses $73,804

TOTAL EXPENSES $482,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,762	$663,785	-0.3%
Expenses	$482,782	$728,476	-0.3%
Net Income	$-9,020	$-64,691	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK SPURR	DIRECTOR AND CHAIRMAN	2.50	Director	$0	$0	$0
REV ALFONSE NAVARRO	DIRECTOR	1.00	Director	$0	$0	$0
DON HANRATTY	SECRETARY	1.00	Director	$0	$0	$0
JOE POPOLO	DIRECTOR	1.00	Director	$0	$0	$0
BILL SCHAFFLER	TREASURER	1.50	Director	$0	$0	$0
DR REBECCA HAMMEL	EX OFFICIO	1.00	Director	$0	$0	$0
LAURA FOX	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA LYONS	DIRECTOR	1.00	Director	$0	$0	$0
WYATT MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
JANE KOENECKE	EXECUTIVE DIRECTOR	40.00	Highest	$154,705	$0	$154,705

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	$473,762	$482,782	No data	$-9,020
2023	$663,785	$728,476	$9,722	$-64,691

HALO INITIATIVE FOR CATHOLIC EDUCATION INC