The Claddagh Fund Charities Inc
Nonprofit profile at a glance
- EIN
- 271420421
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6172708640
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $401,753
- Expenses
- $312,156
- Assets
- $252,958
- Liabilities
- $100,395
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KENNETH CASEY (PRESIDENT)
- CHRISTINE MCMAHON (EXECUTIVE DIRECTOR)
Highest reported compensation
- CHRISTINE MCMAHON (EXECUTIVE DIRECTOR): $36,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The claddagh fund seeks to improve the lives of suffering individuals, enabling them with the support and tools necessary to enhance their quality of life and the lives of the children of their families. The claddagh fund focuses on aiding victims of horrific events, veteran causes, families of deceased soldiers, alcohol and drug recovery programs, relief of the underpriviledged, combating community deterioration and juvenile delinquency. The fund supports medical research to improve the lives of families suffering from disease. The fund holds special events and sell merchandise to raise money for these causes.
What it reported doing in 2024
The claddagh fund seeks to improve the lives of suffering individuals, enabling them with the support and tools necessary to enhance their quality of life and the lives of the children of their families. The claddagh fund focuses on aiding victims of horrific events, veteran causes, families of deceased soldiers, alcohol and drug recovery programs, life of the underprivileged, combating community deterioration and juvenile delinquency. The fund supports medical research to improve the lives of families suffering from disease. The fund holds special events and sell merchandise to raise money for these causes.
Operating model
- Revenue model
- Other-operating. 67% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 84
- Accountability: 79
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.5%; rating input score 57
- Program expense ratio: 72.7%; rating input score 73
- Fundraising efficiency: $10.84 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 84.4%; rating input score 84; 50th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 22.3%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 11.5%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 56.5% of revenue deployed · 72.7% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $227K in reported program spending
- Leadership: top reported pay $36K · 11 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 9 filed related-organization links
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 27/100.