Paterson Federation Knights of Columbus (EIN 223246590) - 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

Michael S MacDermant

Phone

9736159970

Tax Period

2024-07-01 to 2025-06-30

Paterson Federation Knights of Columbus, founded in 1971, is a micro nonprofit that reported $78K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

To support the goals of the Knights of Columbus on a Diocesan level and to coordinate fellowship between K of C Councils in the Roman Catholic Diocese of Paterson.

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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 $4,950

Program Service Revenue $73,545

Investment Income $2

Other Revenue $0

TOTAL REVENUE $78,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,183

Other Expenses $76,763

TOTAL EXPENSES $76,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,497	$61,794	+0.3%
Expenses	$76,763	$60,892	+0.3%
Net Income	$1,734	$902	+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

N/A

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
Fr Steven Shadwell	Chaplain	10.00	Officer	$0	$0	$0
Frank Memolo	Chairman	10	Officer	$0	$0	$0
Richard McColligan	Vice Chairman	10	Officer	$0	$0	$0
Robert Medina	Secretary	10	Officer	$0	$0	$0
Michael Calabrese	Warden	10	Officer	$0	$0	$0
Michael MacDermant	Comptroller	10	Officer	$0	$0	$0
Frank LaSalla	Advisor	10	Officer	$0	$0	$0
John Guido	Advisor	10	Officer	$0	$0	$0
William Roberts	Advisor	10	Officer	$0	$0	$0
Gregory Keller	Advisor	10	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	$78,497	$76,763	$29,288	$1,734
2024	$61,794	$60,892	$27,554	$902
2023	$69,586	$70,941	$26,652	$-1,355
2022	$72,571	$69,017	$28,008	$3,554
2021	$28,708	$30,313	$24,454	$-1,605

Paterson Federation Knights of Columbus