The Foundation for the Promotion o… - 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

2022

Legal Domicile

Principal Officer

Bishop Frank J Caggiano

Phone

2034161636

Tax Period

2023-07-01 to 2024-06-30

The Foundation for the Promotion of Evangelizing Catechesis Inc, founded in 2022, is a micro nonprofit that reported $74K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 82% operating margin.

Mission

TO SECURE AND OVERSEE FUNDING TO SUPPORT THE RENEWAL OF CATECHESIS AND EVANGELIZATION THROUGHOUT THE ROMAN CATHOLIC CHURCH.

Program Service Accomplishments

Program 1

Expenses: $7,899

To secure and oversee funding to support the renewal of catechesis and evangelization throughout the roman catholic church.

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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 $73,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,899

Other Expenses $13,039

TOTAL EXPENSES $13,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,500	$327,023	-0.8%
Expenses	$13,039	$373,310	-1.0%
Net Income	$60,461	$-46,287	-2.3%

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

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
Bishop Frank J Caggiano	Chairperson	1.0	Officer Director	$0	$0	$0
Bishop Andrew Cozzens	Vice Chairperson	1.0	Officer Director	$0	$0	$0
Reverend Paul Hartmann	Secretary	1.0	Officer Director	$0	$0	$0
Michael Hanlon	Treasurer	1.0	Officer Director	$0	$0	$0
Archbishop Allen Vigneron	Trustee	1.0	Director	$0	$0	$0
Bishop Gerardo Colacicco	Trustee	1.0	Director	$0	$0	$0
Randy Hammond	Trustee	1.0	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	$73,500	$13,039	$214,209	$60,461
2024	No data	$214,159	No data	No data
2023	$327,023	$373,310	$153,698	$-46,287
2022	$200,000	$15	$199,985	$199,985

The Foundation for the Promotion of Evangelizing Catechesis Inc