KNIGHTS OF COLUMBUS HOME ASSOCIATION OF LEOMINSTER INC

EIN: 042547283

LEOMINSTER, MA

Total Revenue
$173,171
Total Expenses
$194,078
Total Assets
$78,084
Net Assets
$15,692
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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
1974
Legal Domicile
MA
Principal Officer
Bruce V Gallant
Phone
9788406633
Tax Period
2023-01-01 to 2023-12-31

KNIGHTS OF COLUMBUS HOME ASSOCIATION OF LEOMINSTER INC, founded in 1974, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $194K exceeded revenue, resulting in a 12% operating deficit.

Mission

Our mission is to provide service to the church and community.

Program Service Accomplishments

Program 1
Expenses: $4,500

Scholarships paid to local High School Seniors.

Program 2
Expenses: $1,200

SMALL DONATIONS MADE TO DESERVING LOCAL ORGANIZATIONS

Program 3
Expenses: $1,500

ALL OTHER PROGRAM EXPENSES PER SCTION IX

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,442
Program Service Revenue $0
Investment Income $3
Other Revenue $168,726
TOTAL REVENUE $173,171

Expense Breakdown

Grants Paid $7,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,200
Other Expenses $186,878
TOTAL EXPENSES $194,078

Year-over-Year Comparison

2023 2022 Change
Revenue $173,171 $152,524 +0.1%
Expenses $194,078 $172,460 +0.1%
Net Income $-20,907 $-19,936 +0.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
20

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
2
$21,136
Total Directors
2
$21,136
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER SOMMA MANAGER 015.00
Officer Director
$10,650 $0 $10,650
BRUCE V GALLANT Treasurer 015.00
Officer Director
$10,486 $0 $10,486
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
2024 No data No data No data No data
2023 $173,171 $194,078 $78,084 $-20,907
2022 $152,524 $172,460 $89,259 $-19,936
2021 $164,068 $155,117 $109,477 $8,951
2020 $81,944 $124,624 $103,848 $-42,680
2019 $234,116 $245,621 $105,425 $-11,505
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