KNIGHTS OF COLUMBUS 70 (EIN 237106213) - 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

1940

Legal Domicile

Principal Officer

MICHAEL PHELPS

Phone

7815930245

Tax Period

2023-01-01 to 2023-12-31

KNIGHTS OF COLUMBUS 70, founded in 1940, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 20% operating margin.

Mission

PROMOTING AND CONDUCTING EDUCATIONAL, CHARITABLE, RELIGIOUS, AND CHARITABLE WELFARE

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,900

Program Service Revenue $0

Investment Income $4,419

Other Revenue $-24,369

TOTAL REVENUE $41,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,461

Fundraising Expenses $0

Other Expenses $23,074

TOTAL EXPENSES $33,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,950	$19,592	+1.1%
Expenses	$33,535	$27,081	+0.2%
Net Income	$8,415	$-7,489	-2.1%

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

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

$9,867

Total Directors

$8,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PHELPS	TRUSTEE & TR	10.00	Officer Director	$8,580	$0	$8,580
MICHAEL SCARLATA	FINANCIAL SE	10.00	Officer	$1,287	$0	$1,287
FRANK HARRINGTON	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN MINER	TRUSTEE	1.00	Officer Director	$0	$0	$0
CHARLIE ROWE	GRAND KNIGHT	5.00	Officer	$0	$0	$0
JOHN SUMARES	RECORDING SE	10.00	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
2024	No data	No data	No data	No data
2023	$41,950	$33,535	$168,966	$8,415
2022	$19,592	$27,081	$160,400	$-7,489
2021	$68,330	$28,000	$167,873	$40,330
2020	$29,239	$26,229	$127,568	$3,010
2019	$43,362	$50,144	$124,551	$-6,782
2018	$63,877	$52,302	$131,342	$11,575

KNIGHTS OF COLUMBUS 70