PENNSYLVANIA STATE COUNCIL KNIGHTS… - Form 990 Financial Data

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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

KENNETH GRUGEL

Phone

8147251382

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA STATE COUNCIL KNIGHTS OF COLUMBUS EDUCATION FOUNDATION INC, founded in 1969, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2023. Revenue surged 202% from the prior year, signaling strong growth momentum. Expenses of $133K exceeded revenue, resulting in a 219% operating deficit.

Mission

TO PROMOTE EDUCATIONAL ASSISTANCE BY PROVIDING A LOAN REBATE PROGRAM TO ELIGIBLE MEMBERS WHO FINANCE THEIR EDUCATION

Program Service Accomplishments

Program 1

Expenses: $16,536

LOAN REBATE PROGRAM FOR COLLEGE STUDENTS WHEREBY AT THE END OF THE REPAYMENT OF COLLEGE LOANS INTEREST ON THE LOAN IS REFUNDED

Program 2

Expenses: $101,100

SCHOLARSHIP PAYMENTS TO INDIVIDUALS ENROLLED AT ACCREDITED COLLEGES AND UNIVERSITIES

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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 $9,965

Program Service Revenue $0

Investment Income $31,788

Other Revenue $0

TOTAL REVENUE $41,753

Expense Breakdown

Grants Paid $101,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,636

Other Expenses $31,937

TOTAL EXPENSES $133,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,753	$13,847	+2.0%
Expenses	$133,037	$124,823	+0.1%
Net Income	$-91,284	$-110,976	-0.2%

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

N/A

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
KENNETH GRUGEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL J O'CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
SHAUN LALLY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE BECKES	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE KOCH	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL KISH	STATE DEPUTY	2.00	Director	$0	$0	$0
RICHARD CORRIVEAU	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$41,753	$133,037	$1,798,116	$-91,284
2023	$13,847	$124,823	$1,710,406	$-110,976
2022	$35,153	$80,082	$1,692,996	$-44,929
2021	$20,506	$91,638	$2,039,105	$-71,132
2020	$76,943	$94,612	$1,703,229	$-17,669

PENNSYLVANIA STATE COUNCIL KNIGHTS OF COLUMBUS EDUCATION FOUNDATION INC