KNIGHTS OF COLUMBUS

EIN: 237546235

Clarksburg, WV

Total Revenue
$35,717
Total Expenses
$19,058
Total Assets
$265,127
Net Assets
$265,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
WV
Principal Officer
Gerald Somazze
Phone
2155193166
Tax Period
2025-01-01 to 2025-12-31

KNIGHTS OF COLUMBUS, founded in 1946, is a micro nonprofit that reported $36K in total revenue in fiscal year 2025. Revenue surged 426% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 47% operating margin.

Mission

The Knights of Columbus was formed to render financial aid to members and their families as well as to support other Catholic organizations. Social and intellectual fellowship is promoted among members and their families

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,000
Program Service Revenue $0
Investment Income $0
Other Revenue $23,717
TOTAL REVENUE $35,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,065
Fundraising Expenses $0
Program Expenses $12,000
Other Expenses $6,993
TOTAL EXPENSES $19,058

Year-over-Year Comparison

2025 2024 Change
Revenue $35,717 $6,792 +4.3%
Expenses $19,058 $38,080 -0.5%
Net Income $16,659 $-31,288 -1.5%
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
14
Independent Members
N/A
Employees
4
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
4
$2,937
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerald Somazze Grand Knight 15
Officer Highest
$2,937 $0 $2,937
Kenneth Ferando Trustee 10
Director
$0 $0 $0
Carmen Romano Financial Secretary 15
Officer
$0 $0 $0
Mark Ribas Assistant Treasurer 10
Officer
$0 $0 $0
John Gemondo Treasurer 15
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 $35,717 $19,058 $265,127 $16,659
2024 $6,792 $38,080 $248,418 $-31,288
2023 $33,609 $29,871 $244,988 $3,738
2022 $206,992 $194,074 $241,250 $12,918
2021 $44,122 $17,691 $226,429 $26,431
2020 $11,483 $14,311 $176,346 $-2,828
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