MINNESOTA KNIGHTS FOUNDATION (EIN 411676612) - 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

1990

Legal Domicile

Principal Officer

JAMES TERWEDO

Phone

9524922800

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA KNIGHTS FOUNDATION, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 78% operating margin.

Mission

THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO SUPPORT THE ACTIVITIES OF THE ROMAN CATHOLIC CHURCH, ITS EDUCATIONAL INSTITUTIONS AND THE KNIGHTS OF COLUMBUS ORGANIZATION AND ITS ACTIVITIES.

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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 $15,250

Program Service Revenue $0

Investment Income $29,767

Other Revenue $81,321

TOTAL REVENUE $126,338

Expense Breakdown

Grants Paid $25,544

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,967

Other Expenses $2,523

TOTAL EXPENSES $28,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,338	$103,691	+0.2%
Expenses	$28,067	$23,065	+0.2%
Net Income	$98,271	$80,626	+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

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 TERWEDO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW BRIETICH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DARRYL TVEITBAKK	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK RILTER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MORGAN	TREASURER	1.00	Officer 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	$126,338	$28,067	$2,084,924	$98,271
2022	$103,691	$23,065	$1,986,653	$80,626
2021	$110,517	$17,245	$1,910,077	$93,272
2020	$198,800	$25,711	$1,817,177	$173,089
2019	$145,860	$28,888	$1,645,984	$116,972
2018	$120,346	$22,126	$1,528,593	$98,220

MINNESOTA KNIGHTS FOUNDATION