COALITION FOR CANCELED PRIESTS

EIN: 871298120 501(c)(3) Religion

ROCHELLE, IL

Total Revenue
$667,601
Total Expenses
$675,952
Total Assets
$1,555,802
Net Assets
$1,549,342
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IL
Principal Officer
TOM OGELSBY
Phone
3127612149
Tax Period
2025-01-01 to 2025-12-31

COALITION FOR CANCELED PRIESTS, founded in 2021, is a small nonprofit in the Religion sector that reported $668K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $1.5M represent 28 months of operating reserves.

Mission

THE CORPORATION IS DEDICATED TO SPIRITUALLY AND MATERIALLY SUPPORTING FAITHFUL PRIESTS SEEKING TO RETURN TO ACTIVE MINISTRY POST CANCELLATION.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $648,886
Program Service Revenue $0
Investment Income $36,229
Other Revenue $-17,514
TOTAL REVENUE $667,601

Expense Breakdown

Grants Paid $88,452
Salaries & Benefits $302,214
Fundraising Expenses $0
Program Expenses $496,801
Other Expenses $285,286
TOTAL EXPENSES $675,952

Year-over-Year Comparison

2025 2024 Change
Revenue $667,601 $605,687 +0.1%
Expenses $675,952 $647,605 +0.0%
Net Income $-8,351 $-41,918 -0.8%
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

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Governance

Voting Members
6
Independent Members
5
Employees
5
Volunteers
30

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
4
$100,000
Total Directors
6
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM OGELSBY PRESIDENT 50.00
Officer Director
$100,000 $0 $100,000
ERIK REIBENSTEIN TREASURER 25.00
Officer Director
$0 $0 $0
DENNIS GRANNAN SECRETARY 5.00
Officer Director
$0 $0 $0
JOHN GLENNON DIRECTOR 5.00
Director
$0 $0 $0
FR JAMES ALTMAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
OSCAR DELGADO DIRECTOR 5.00
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 $667,601 $675,952 $1,555,802 $-8,351
2024 $605,687 $647,605 $1,563,465 $-41,918
2023 $1,217,611 $846,966 $1,606,501 $370,645
2022 $1,754,154 $984,002 $1,233,791 $770,152
2021 $704,949 $251,396 $453,553 $453,553
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