Knights of Columbus MN State Council (EIN 410656992) - 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

1940

Legal Domicile

Principal Officer

Bou Gazley

Phone

6083178434

Tax Period

2024-07-01 to 2025-06-30

Knights of Columbus MN State Council, founded in 1940, is a small nonprofit that reported $918K in total revenue in fiscal year 2024. Expenses of $829K left a modest 10% surplus.

Mission

We are a Catholic, family, fraternal, service organization dedicated to the values and faith of the Roman Catholic Church through the activities of members and their councils that promote charity, unity, fraternity, and patriotism.

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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 (2024)

Revenue Breakdown

Contributions & Grants $830,896

Program Service Revenue $78,235

Investment Income $1,172

Other Revenue $7,296

TOTAL REVENUE $917,599

Expense Breakdown

Grants Paid $534,055

Salaries & Benefits $0

Fundraising Expenses $19,520

Program Expenses $778,218

Other Expenses $283,723

TOTAL EXPENSES $828,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,599	$893,051	+0.0%
Expenses	$828,631	$901,012	-0.1%
Net Income	$88,968	$-7,961	-12.2%

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

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
David Whatmuff	Past State Deputy	2.00	Officer Director	$0	$0	$0
Joe George Jr	State Treasurer	2.00	Officer Director	$0	$0	$0
Michael BassSmith	State Warden	2.00	Officer Director	$0	$0	$0
Bou Gazley	State Deputy	20.00	Officer Director	$0	$0	$0
Jim Terwedo	State Advocate	3.00	Officer Director	$0	$0	$0
Jesse Koslowski	State Secretary	20.00	Officer Director	$0	$0	$0
Brian Lynch	State Chaplain	2.00	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
2025	$917,599	$828,631	$2,912,087	$88,968
2024	No data	No data	No data	No data
2023	$962,675	$947,009	$2,356,592	$15,666
2022	$531,797	$624,127	$20,345,408	$-92,330
2021	$310,019	$302,366	$2,331,073	$7,653
2020	$358,116	$472,174	$2,234,490	$-114,058
2019	$939,907	$920,831	$2,087,952	$19,076
2018	$931,470	$970,333	$2,057,881	$-38,863

Knights of Columbus MN State Council