CATHOLIC EDUCATION ARIZONA

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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

2005

Legal Domicile

Principal Officer

NANCY PADBERG

Phone

6022186542

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC EDUCATION ARIZONA, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $20.2M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $19.1M left a modest 6% surplus.

Mission

WE PROVIDE SCHOLARSHIPS TO UNDERSERVED CHILDREN TO CHANGE LIVES, SERVE SOCIETY, AND TRANSFORM CULTURE.

Program Service Accomplishments

Program 1

Expenses: $16,761,236

CATHOLIC EDUCATION ARIZONA PRIMARILY RECEIVES CONTRIBUTIONS UNDER ARIZONA INDIVIDUAL AND CORPORATE TAX CREDIT PROGRAMS FOR PRIVATE SCHOOL TUITION SCHOLARSHIPS. TOGETHER, THESE TAX CREDITS ALLOWED...

CATHOLIC EDUCATION ARIZONA PRIMARILY RECEIVES CONTRIBUTIONS UNDER ARIZONA INDIVIDUAL AND CORPORATE TAX CREDIT PROGRAMS FOR PRIVATE SCHOOL TUITION SCHOLARSHIPS. TOGETHER, THESE TAX CREDITS ALLOWED ARIZONA INDIVIDUAL AND CORPORATE TAXPAYERS TO EFFECTIVELY DIRECT THEIR TAX DOLLARS TO PROVIDE SCHOLARSHIPS TO 4,191 STUDENTS. $5,000 WAS DISTRIBUTED TO THE MATTHEW 19:14 PROJECT, $10,000 TO ST. JOHN VIANNEY CATHOLIC SCHOOL, AND $10,000 TO OUR LADY OF THE LAKE CATHOLIC SCHOOL FOR NON-TAX CREDIT SCHOLARSHIP ASSISTANCE. $ 80,696 WAS ALSO DISTRIBUTED THROUGH CATHOLIC EDUCATION ARIZONA'S EMPLOYER MATCHING AND DONATION FUND TO MULTIPLE ARIZONA CATHOLIC INSTITUTIONS. (CONTINUED ON SCHEDULE O)CATHOLIC EDUCATION ARIZONA RECEIVES TRADITIONAL DONATIONS FOR ITS CHANGING LIVES DIVISION. IN THE THIRD YEAR, $634,285 WAS RAISED TO FUND FUTURE SCHOLARSHIPS FOR CATHOLIC SCHOOL STUDENTS.

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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 $18,847,860

Program Service Revenue $0

Investment Income $1,349,809

Other Revenue $0

TOTAL REVENUE $20,197,669

Expense Breakdown

Grants Paid $16,269,594

Salaries & Benefits $1,493,726

Fundraising Expenses $1,119,772

Program Expenses $16,761,236

Other Expenses $1,300,398

TOTAL EXPENSES $19,063,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,197,669	$24,695,951	-0.2%
Expenses	$19,063,718	$22,674,721	-0.2%
Net Income	$1,133,951	$2,021,230	-0.4%

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

100

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

$478,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN BRADY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CAROL TRUEG	VICE CHAIR	0.50	Officer Director	$0	$0	$0
NANCY DOUGHERTY	SECRETARY	0.50	Officer Director	$0	$0	$0
KELLEY TUCKER	TREASURER	0.50	Officer Director	$0	$0	$0
TODD BANKOFIER	DIRECTOR	0.50	Director	$0	$0	$0
REV EDUARDO NEVARES	DIRECTOR	0.50	Director	$0	$0	$0
DOMONIC SALCE	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW LISHKO	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HALM	DIRECTOR	0.50	Director	$0	$0	$0
ADRIAN RUIZ	DIRECTOR	0.50	Director	$0	$0	$0
CARLOS SUGICH	DIRECTOR	0.50	Director	$0	$0	$0
TOM BRENNAN	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS SHELLANDER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA WEEKS HARDIN	DIRECTOR	0.50	Director	$0	$0	$0
NANCY PADBERG	PRESIDENT & CEO	40.00	Officer	$203,260	$31,314	$234,574
DEBRA PREACH	CHIEF OPERATING OFFICER	40.00	Officer	$115,509	$29,565	$145,074
CAITLIN HARRIS	VP, FINANCE & COMPLIANCE	40.00	Officer	$89,872	$8,538	$98,410

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	$20,197,669	$19,063,718	$38,494,965	$1,133,951
2024	$24,695,951	$22,674,721	$41,120,269	$2,021,230
2023	$25,812,829	$24,298,769	$37,742,544	$1,514,060
2022	$24,525,242	$23,920,202	$32,375,379	$605,040
2021	$21,523,181	$21,106,196	$25,897,142	$416,985
2020	$16,859,679	$18,375,490	$22,216,386	$-1,515,811
2019	$20,907,236	$21,576,625	$25,088,796	$-669,389
2018	$19,322,027	$18,494,293	$23,641,253	$827,734