KNIGHTS OF COLUMBUS HOME ASSOCIATION OF FITCHBURG (EIN 046036752) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

Gerard J Lavoie

Tax Period

2024-07-01 to 2025-06-30

KNIGHTS OF COLUMBUS HOME ASSOCIATION OF FITCHBURG, founded in 1971, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $49K left a modest 5% surplus.

Mission

The Knights of Columbus KofC is dedicated to exemplifying charity unity fraternity patriotism and the defense of the priesthood. Our mission is to empower catholic men to live their faith at home in their parish at work and in their community. This is achieved through charitable works service to the church and support of brother knights actions for the good of their country and aid to those in need.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $842

Other Revenue $50,653

TOTAL REVENUE $51,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,409

Other Expenses $48,921

TOTAL EXPENSES $48,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,495	$116,835	-0.6%
Expenses	$48,921	$77,053	-0.4%
Net Income	$2,574	$39,782	-0.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DICARIA	CHANCELOR	5.00	Director	$0	$0	$0
RANDY DOUGHTY	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH RICHARD	DIRECTOR	5.00	Director	$0	$0	$0
FRANCIS RAMEAU	DIRECTOR	5.00	Director	$0	$0	$0
JACOB BANELIS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN CORDIO	DIRECTOR	5.00	Director	$0	$0	$0
HARRY HAKALA	GRAND KNIGHT AND PRESIDENT	5.00	Officer	$0	$0	$0
PETER BALDUCCI	TREASURER	5.00	Officer	$0	$0	$0
DONALD FLUET	SECRETARY	5.00	Officer	$0	$0	$0

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
2025	$51,495	$48,921	$175,431	$2,574
2024	$116,835	$77,053	$143,909	$39,782
2023	$98,249	$78,600	$104,127	$19,649
2022	$63,268	$50,946	$84,475	$12,322
2021	$19,337	$35,544	$79,365	$-16,207

KNIGHTS OF COLUMBUS HOME ASSOCIATION OF FITCHBURG