Knights of Columbus Council #1561

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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

1969

Legal Domicile

Principal Officer

Patrick Goodman

Phone

5749466070

Tax Period

2019-07-01 to 2020-06-30

Knights of Columbus Council #1561, founded in 1969, is a micro nonprofit that reported $49K in total revenue in fiscal year 2019. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $60K exceeded revenue, resulting in a 21% operating deficit.

Mission

The Knights of Columbus is a fraternal organization whose members share a common background and faith.

Program Service Accomplishments

Program 1

Expenses: $35,841 Revenue: $32,386

The organization provides funds to area organizations to promote religious, charitable and educational purposes

Program 2

The organization provides fellowship, cammaraderie, and support to its members through regular meetings and rituals

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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 (2019)

Revenue Breakdown

Contributions & Grants $100

Program Service Revenue $0

Investment Income $2

Other Revenue $49,211

TOTAL REVENUE $49,313

Expense Breakdown

Grants Paid $35,685

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,841

Other Expenses $23,918

TOTAL EXPENSES $59,603

Year-over-Year Comparison

	2019	2018	Change
Revenue	$49,313	$42,834	+0.2%
Expenses	$59,603	$48,817	+0.2%
Net Income	$-10,290	$-5,983	+0.7%

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
Joseph Sabec	Financial Secretary	4.00	Officer	$0	$0	$0
Randy Baker	Chancellor	4.00	Officer	$0	$0	$0
Patrick Goodman	Grand Knight	4.00	Officer	$0	$0	$0
James Murray	Advocate	4.00	Officer	$0	$0	$0
Steve Sommers	Deputy Grand Knight	4.00	Officer	$0	$0	$0
Robert Powers	Warden	4.00	Officer	$0	$0	$0
Bernie Blaumuser	Outside Guard	4.00	Officer	$0	$0	$0
Greg Loehmer	Inside Guard	4.00	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
2020	$49,313	$59,603	$140,371	$-10,290
2019	$42,834	$48,817	$154,312	$-5,983
2018	$30,702	$29,801	$160,295	$901