At five-year mark, financial transparency report shows some progress made, but much improvement needed
Voice of the Faithful announces results of fifth annual review of U.S. diocesan online financial transparency
NEWTON, Mass. - Nov. 18, 2021 - PRLog -- This year marks five years that Voice of the Faithful has reviewed annually all U.S. Catholic dioceses' online financial transparency. Over the past five years, according to VOTF reviewers, overall diocesan transparency scores have increased, and some dioceses have achieved considerable success, but much work remains to be done.
The 2021 report shows that overall diocesan online financial transparency scores increased from 65% in 2020 to 69% in 2021, but that only 64% of all dioceses posted current audited financial reports, even though those dioceses posting such reports increased from 104 in 2020 to 113 in 2021. Looking back five years, VOTF reported in 2017 that only 65 of the 177 U.S. dioceses posted current audited financial statements. Additionally, the 2017 report showed that 15 dioceses scored 90% or higher, while, in 2021, 38 dioceses achieved scores above 90%.
The 2021 report shows that several dioceses achieved considerable success over the past year. Among those most improved from 2020 are the Diocese of Camden, which scored 20% in 2020 and 82% in 2021. Similarly, Cheyenne scored 25% in 2020 and 70% in 2021; Rapid City 30% and 72%; and Biloxi 57% and 96%.
This year's top-scoring dioceses all scored 100%: Bridgeport, Charleston, Orlando, and Scranton. The Diocese of Bellville scored next highest, maintaining its 2020 score of 98%. The poorest performing dioceses were: El Paso, 22%; Allentown, 20%; Nashville, 20%; Tulsa, 20%, and St. Thomas, 17%.
In addition, VOTF's 2021 reviewers concluded:
VOTF's fifth annual review of all dioceses comprising the United States Conference of Catholic Bishops was conducted between June 1 and Aug. 31 by three independent reviewers and their report, "Measuring and Ranking Diocesan Online Financial Transparency:
VOTF 2021 reviewers concluded that, "Although significant progress has been achieved in the last decade, and in particular during the last three years, members of the church in the U.S. must be vigilant if they wish to prevent financial mismanagement and abuse." They recommend the following for dioceses committed to increasing their financial transparency: