SALEM CATHOLIC SCHOOLS FOUNDATION (EIN 930727839) - 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

1978

Legal Domicile

Principal Officer

Kevin Mannix

Phone

5033709068

Tax Period

2025-01-01 to 2025-12-31

SALEM CATHOLIC SCHOOLS FOUNDATION, founded in 1978, is a micro nonprofit in the Education sector that reported $383K in total revenue in fiscal year 2025. Revenue fell 132% from the prior year — a significant decline worth monitoring.

Mission

The mission of the Salem Catholic Schools Foundation is to solicit, receive, and invest gifts to provide a continuing source of funds to support excellence of Catholic education in the greater Salem area.

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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 (2025)

Revenue Breakdown

Contributions & Grants $841,241

Program Service Revenue $0

Investment Income $-1,223,831

Other Revenue $0

TOTAL REVENUE $-382,590

Expense Breakdown

Grants Paid $917,606

Salaries & Benefits $0

Fundraising Expenses $979

Program Expenses $917,606

Other Expenses $69,652

TOTAL EXPENSES $987,258

Year-over-Year Comparison

	2025	2024	Change
Revenue	$-382,590	$1,206,206	-1.3%
Expenses	$987,258	$1,169,592	-0.2%
Net Income	$-1,369,848	$36,614	-38.4%

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
Kevin Mannix	President	1	Officer Director	$0	$0	$0
Jennifer Paul	Vice President	1	Officer Director	$0	$0	$0
Scott Schaefer	Treasurer	1	Officer Director	$0	$0	$0
Lowell Smith	Secretary	1	Officer Director	$0	$0	$0
Nicole Weston	Director	1	Director	$0	$0	$0
Sara Mendez	Director	1	Director	$0	$0	$0
Julie Rauch	Director	1	Director	$0	$0	$0
Michelle Hagney	Director	1	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	$-382,590	$987,258	$3,639,048	$-1,369,848
2024	$1,206,206	$1,169,592	$4,979,955	$36,614
2023	$1,028,861	$1,192,187	$4,823,378	$-163,326
2022	$930,497	$1,415,387	$4,818,520	$-484,890
2021	$743,007	$569,066	$5,789,239	$173,941
2020	$3,157,045	$881,616	$5,465,771	$2,275,429
2018	$623,450	$948,102	$2,680,619	$-324,652

SALEM CATHOLIC SCHOOLS FOUNDATION