Knights of Columbus Council #1561

EIN: 237184975

Winamac, IN

Total Revenue
$49,313
Total Expenses
$59,603
Total Assets
$140,371
Net Assets
$140,371
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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
IN
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.

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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 (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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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