LUDINGTON AREA CATHOLIC EDUCATION FOUNDATION (EIN 382932594) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

Fabian Luke Knizacky

Phone

2316908159

Tax Period

2025-01-01 to 2025-12-31

LUDINGTON AREA CATHOLIC EDUCATION FOUNDATION, founded in 1988, is a small nonprofit in the Education sector that reported $228K in total revenue in fiscal year 2025. Expenses of $207K left a modest 9% surplus.

Mission

To provide financial support to St. Simon Catholic Churchs school Ludington Area Catholic School which offers education for students in grades K through 8th.

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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 (2025)

Revenue Breakdown

Contributions & Grants $132,200

Program Service Revenue $0

Investment Income $94,924

Other Revenue $1,000

TOTAL REVENUE $228,124

Expense Breakdown

Grants Paid $204,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,500

Other Expenses $2,501

TOTAL EXPENSES $207,001

Year-over-Year Comparison

	2025	2024	Change
Revenue	$228,124	$216,565	+0.1%
Expenses	$207,001	$184,903	+0.1%
Net Income	$21,123	$31,662	-0.3%

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
Jessica Karboske	Director	0.00	Director	$0	$0	$0
Father Wayne Wheeler	Ex Officio	0.00	Director	$0	$0	$0
Charles Keller	Director	0.00	Officer Director	$0	$0	$0
Jim Scatena	Director	0.00	Director	$0	$0	$0
Julie Sarto	Director	0.00	Director	$0	$0	$0
John R Bulger	Secretary	0.25	Officer Director	$0	$0	$0
Geralyn Claire	Director	0.00	Director	$0	$0	$0
Rick Deering	Vice President	0.00	Officer Director	$0	$0	$0
John Fellows	Director	0.00	Director	$0	$0	$0
Fabian Knizacky	Treasurer	0.50	Officer Director	$0	$0	$0
Mike O'Brien	Director	0.00	Director	$0	$0	$0
Timothy O'Callaghan	President	0.00	Director	$0	$0	$0
Joseph Grierson	Director	0.00	Director	$0	$0	$0
Sharon Seidel	Director	0.00	Director	$0	$0	$0
Mandy Fort	Ex Officio	0.00	Director	$0	$0	$0
Steve Urka	Ex Officio	0.00	Director	$0	$0	$0
Jan Bigalke	Ex Officio	0.00	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	$228,124	$207,001	$1,683,877	$21,123
2024	No data	No data	No data	No data
2023	$212,442	$148,285	$1,632,092	$64,157
2022	$1,414,753	$162,428	$1,567,185	$1,252,325
2020	$128,561	$142,309	$402,196	$-13,748
2018	$111,335	$122,436	$368,485	$-11,101

LUDINGTON AREA CATHOLIC EDUCATION FOUNDATION