CALVARY ENDOWMENT FOUNDATION INC

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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

2002

Legal Domicile

Principal Officer

KATIE OWEN

Phone

9015256602

Tax Period

2023-01-01 to 2023-12-31

CALVARY ENDOWMENT FOUNDATION INC, founded in 2002, is a small nonprofit in the Religion sector that reported $204K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $461K exceeded revenue, resulting in a 125% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND CARRY OUT THE PURPOSES OF RECEIVING, INVESTING, AND ALLOCATING FUNDS TO SUPPORT THE PROGRAMS, MISSIONS, AND MINISTRIES OF CALVARY EPISCOPAL CHURCH IN MEMPHIS, SHELBY COUNTY, TENNESSEE, AND OTHER MINISTRIES, MISSIONS, AND PROGRAMS APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION IN CONCURRENCE WITH THE VESTRY OF CALVARY EPISCOPAL CHURCH.

Program Service Accomplishments

Program 1

Expenses: $424,248

CONTRIBUTIONS TO CALVARY EPISCOPAL CHURCH AND ITS MISSIONS AND MINISTRIES. CONTRIBUTIONS TO CALVARY PLACE.

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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 $15,858

Program Service Revenue $0

Investment Income $188,362

Other Revenue $0

TOTAL REVENUE $204,220

Expense Breakdown

Grants Paid $424,248

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $424,248

Other Expenses $36,257

TOTAL EXPENSES $460,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,220	$239,515	-0.1%
Expenses	$460,505	$574,403	-0.2%
Net Income	$-256,285	$-334,888	-0.2%

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
KATIE OWEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PETTEY	DIRECTOR	1.00	Director	$0	$0	$0
WILL HALEY	DIRECTOR	1.00	Director	$0	$0	$0
PEG WAHL	TREASURER	1.00	Officer Director	$0	$0	$0
ALEC MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PARKER	DIRECTOR	1.00	Director	$0	$0	$0
HALL GARDNER	DIRECTOR	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
2023	$204,220	$460,505	$8,327,504	$-256,285
2022	$239,515	$574,403	$7,738,126	$-334,888
2021	$545,811	$452,694	$10,088,262	$93,117
2020	$65,325	$434,893	$9,683,806	$-369,568
2019	$596,880	$444,956	$9,702,994	$151,924
2018	$775,394	$458,779	$8,894,031	$316,615