Cabrini Legacy Corporation
Nonprofit profile at a glance
- EIN
- 231526668
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Radnor, PA, USA
- Phone
- 6109028415
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
- Affiliation
- Christianity
Reported finances
- Revenue
- $446,766
- Expenses
- $592,451
- Assets
- $3,980,595
- Liabilities
- $2,414,468
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- HELEN DRINAN (INTERIM PRESIDENT TO AUGUST 2024)
Highest reported compensation
- HELEN DRINAN (INTERIM PRESIDENT TO AUGUST 2024): $382,188 total reported compensation
- LYNDA BUZZARD (TREASURER, VP FINANCE TO AUGUST 2024): $162,255 total reported compensation
- MELISSA TERLECKI (ASSOCIATE DEAN TO JUNE 2024): $149,064 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.education of the heart: cabrini university was a catholic institution of higher education. The cabrini legacy corporation exists to protect the legacy of the former university.cabrini university was a catholic institution of higher education dedicated to academic excellence, leadership development, and a commitment to social justice. The university welcomed learners of all faiths, cultures and backgrounds to prepare them to become engaged citizens of the world.
What it reported doing in 2024
Cabrini legacy corporation exists to meet the needs of former cabrini university students, faculty, staff and alumni after the closure of the university in 2024. The cabrini legacy corporation maintains all required records for retention, responds to all inquiries regarding needs of the population noted above and serves to complete remaining compliance responsibilities of the former university.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 71
- Accountability: 81
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.1%; rating input score 91
- Program expense ratio: 61.7%; rating input score 62
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 25th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -32.6%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 6.72; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 215.3%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -4.2% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -5.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 91.1% of revenue deployed · 61.7% of spending went to programs
- Governance: 10 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $366K in reported program spending
- Leadership: top reported pay $382K · 17 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.3M reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 9/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.