Thomas Gcavanagh Memorial Fundinc
Nonprofit profile at a glance
- EIN
- 454444475
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- East Greenwich, RI, USA
- Phone
- 6177217911
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mental Health Disorders
Reported finances
- Revenue
- $46,210
- Expenses
- $44,679
- Assets
- $23,758
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- PAUL J CAVANAGH (PRESIDENT)
People named in this filing
- PAUL J CAVANAGH (PRESIDENT)
- DAVID J CAVANAGH (VICE PRESIDE)
- JOSEPH V CAVANAGH III (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the thomas g. Cavanagh memorial fund is to aid those suffering with mental illness, particularly schizophrenia, through education, research and treatment programs. The fund promotes educational programs and conferences on mental illness with the goal of raising awareness of the presence of the disease in society. Also the fund supports research in the area of schizophrenia, both causes and treatment, as well as services provided for those suffering from mental illness.
What it reported doing in 2024
The fund's mission is to aid those suffering with mental illness through education, research and treatment programs. The fund promotes educational programs and conferences on mental illness with the goal of raising awareness of the presence of the disease in society. Also the fund supports research in the area of schizophrenia, both causes and treatment, as well as services provided for those suffering from mental illness. During 2021, the fund contributed 53,500 to three organizations that support the fund's mission as described above.
Operating model
- Revenue model
- Other-operating. 66% of the money available for current operations came from other operating revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.1%; rating input score 94
- Program expense ratio: 97.4%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.3%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 94.1% of revenue deployed · 97.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $44K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.