KNIGHTS OF COLUMBUS 0637 LORAIN

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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

1902

Legal Domicile

Principal Officer

JD ANDREWS

Phone

4406704419

Tax Period

2023-01-01 to 2023-12-31

KNIGHTS OF COLUMBUS 0637 LORAIN, founded in 1902, is a small nonprofit that reported $722K in total revenue in fiscal year 2023. Revenue surged 511% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 56% operating margin.

Mission

THE KOC SUPPORTS CHARITABLE CAUSES TO EXPRESS THEIR MEMBERS CATHOLIC FAITH AND IS A CHAPTER OF THE NATIONAL KOC THAT IS A FRATERNAL BENEFIT SOCIETY THAT PROVIDES FINANCIAL SECURITY THROUGH INSURANCE PRODUCTS

Program Service Accomplishments

Program 1

THE KOC HELD SEVERAL EVENTS FOR MEMBERS THAT RAISED FUNDS TO SUPPORT LOCAL AND STATE CHARAITABLE ORGANIATIONS. THESE EVENTS ALSO PROVIDED FARTERNAL OPPORTUNITIES FOR MEMBERS. MEMBERS ALSO BENEFIT...

THE KOC HELD SEVERAL EVENTS FOR MEMBERS THAT RAISED FUNDS TO SUPPORT LOCAL AND STATE CHARAITABLE ORGANIATIONS. THESE EVENTS ALSO PROVIDED FARTERNAL OPPORTUNITIES FOR MEMBERS. MEMBERS ALSO BENEFIT FROM THE FINANCIAL AND INSURANCE BENEFITS PROVIDED BY THE NATIONAL KOC.

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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 $7,137

Program Service Revenue $0

Investment Income $12,590

Other Revenue $702,771

TOTAL REVENUE $722,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $317,258

TOTAL EXPENSES $317,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,498	$118,269	+5.1%
Expenses	$317,258	$10,150	+30.3%
Net Income	$405,240	$108,119	+2.7%

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
JAMES COLLINS	TRUSTEE	5.00	Director	$0	$0	$0
DEWITT GRUBER	TRUSTEE	5.00	Director	$0	$0	$0
JD ANDREWS	SECRETARY	5.00	Director	$0	$0	$0
ANTONIO FREDA	TRUSTEE	5.00	Director	$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	$722,498	$317,258	$554,071	$405,240
2022	$118,269	$10,150	$148,831	$108,119
2021	$29,160	$4,977	$40,712	$24,183
2020	$16,731	$12,196	$7,916	$4,535