SOCIETY OF ST VINCENT DE PAUL DIST… - 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

2021

Legal Domicile

Principal Officer

Daniel Kearns

Phone

9548098115

Tax Period

2023-10-01 to 2024-09-30

SOCIETY OF ST VINCENT DE PAUL DISTRICT COUNCIL OF RICHMOND, founded in 2021, is a small nonprofit in the Human Services sector that reported $592K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $546K left a modest 8% surplus.

Mission

A network of friends, inspired by Gospel values, growing in holiness and building a more just world through personal relationships with and service to those in need. The Council develops new Conferences, supports existing Conferences, promotes new programs across the Diocese, Vincentian development of members, promotes cooperation with other organizations, develops friendship between members, and is the primary communication vehicle between Conferences and higher Councils. The Council operates a thrift store that provides funding for the organization's mission.

Program Service Accomplishments

Program 1

Expenses: $118,040 Revenue: $118,040

Development of conferences and providing training opportunities for Vincentians across the Diocese of Richmond

Program 2

Expenses: $48,367 Revenue: $48,367

Funding to St Vincent de Paul chapters to support their work with emergency financial assistance for basic needs of the poor.

Program 3

Expenses: $318,345 Revenue: $394,987

Operated a thrift store to receive donations of clothing and household goods. These goods were sold to the public and, in some cases given to program participants.

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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 $196,568

Program Service Revenue $0

Investment Income $52

Other Revenue $394,936

TOTAL REVENUE $591,556

Expense Breakdown

Grants Paid $87,592

Salaries & Benefits $199,811

Fundraising Expenses $40,095

Program Expenses $484,752

Other Expenses $259,088

TOTAL EXPENSES $546,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,556	$360,666	+0.6%
Expenses	$546,491	$272,945	+1.0%
Net Income	$45,065	$87,721	-0.5%

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

Total Directors

Key Employees

$88,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Kearns	Executive Director	40	Key Emp	$88,250	$0	$88,250
Maureen Gallihugh	Director	8	Director	$0	$0	$0
Mark Ross	President and Director	8	Officer Director	$0	$0	$0
Annie Sutter	Vice President and Director	8	Officer Director	$0	$0	$0
Dorothy Abernathy	Secretary and Director	8	Officer Director	$0	$0	$0
Richard Brackley	Treasurer and Director	8	Officer Director	$0	$0	$0
Steve Lindsey	Director	8	Director	$0	$0	$0
Andy Cirmo	Director	10	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	$591,556	$546,491	$225,256	$45,065
2023	$360,666	$272,945	$178,525	$87,721

SOCIETY OF ST VINCENT DE PAUL DISTRICT COUNCIL OF RICHMOND