FARNAN SPIRITUALITY CENTER (EIN 871849877) - 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

2021

Legal Domicile

Principal Officer

DANIEL J WELSH

Phone

8163094653

Tax Period

2024-01-01 to 2024-12-31

FARNAN SPIRITUALITY CENTER, founded in 2021, is a small nonprofit in the Religion sector that reported $306K in total revenue in fiscal year 2024. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 29% operating margin.

Mission

PROVIDING SPIRITUALITY RETREATS AND COUNSELING FOR GROUPS AND INDIVIDUALS.

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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 $302,157

Program Service Revenue $4,000

Investment Income $33

Other Revenue $0

TOTAL REVENUE $306,190

Expense Breakdown

Grants Paid $94,600

Salaries & Benefits $0

Fundraising Expenses $10,065

Program Expenses $204,471

Other Expenses $122,950

TOTAL EXPENSES $217,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,190	$120,755	+1.5%
Expenses	$217,550	$68,828	+2.2%
Net Income	$88,640	$51,927	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATHER DON FARNAN	PRESIDENT	15.00	Officer Director	$0	$0	$0
BARBARA FARNAN	SECRETARY	3.00	Officer Director	$0	$0	$0
DANIEL WELSH	TREASUER	1.00	Officer Director	$0	$0	$0
JANE CAVANAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE KRAEMER	BOARD MEMBER	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
2024	$306,190	$217,550	$560,746	$88,640
2023	$120,755	$68,828	$461,119	$51,927
2022	$300,424	$23,596	$409,193	$276,828

FARNAN SPIRITUALITY CENTER