KNIGHTS OF COLUMBUS CHARITIES USA … - 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

2004

Legal Domicile

Principal Officer

JOHN A MARRELLA

Phone

2037524000

Tax Period

2024-01-01 to 2024-12-31

KNIGHTS OF COLUMBUS CHARITIES USA INC, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

CHARITIES USA IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. IN FURTHERANCE OF THESE PURPOSES, CHARITIES USA HAS ESTABLISHED CENTERS FOR THE DISSEMINATION OF THE TRUTHS OF CHRISTIANITY; MAINTAINS FACILITIES FOR THE PROPER PHYSICAL, INTELLECTUAL AND MORAL DEVELOPMENT OF YOUTH; AND ADMINISTERS SCHOLARSHIP FUNDS FOR THE BENEFIT OF DESERVING PERSONS. KNIGHTS OF COLUMBUS, THROUGH ITS MEMBERS, PROVIDES DONATIONS WHICH ARE PLACED UNDER THE CONTROL OF CHARITIES USA.

Program Service Accomplishments

Program 1

Expenses: $1,015,991 Revenue: $783,350

REGARDING LINES 4A THROUGH 4D: KNIGHTS OF COLUMBUS CHARITIES, INC. TRANSFERRED ASSETS, LIABILITIES AND NET ASSETS TO KNIGHTS OF COLUMBUS CHARITIES USA, INC. EFFECTIVE JANUARY 1, 2005. KNIGHTS OF...

REGARDING LINES 4A THROUGH 4D: KNIGHTS OF COLUMBUS CHARITIES, INC. TRANSFERRED ASSETS, LIABILITIES AND NET ASSETS TO KNIGHTS OF COLUMBUS CHARITIES USA, INC. EFFECTIVE JANUARY 1, 2005. KNIGHTS OF COLUMBUS CHARITIES USA, INC. ADMINISTERS THESE FUNDS AS PART OF ITS SUPPORTIVE ROLE OF KNIGHTS OF COLUMBUS CHARITIES, INC. IN FURTHERANCE OF KNIGHTS OF COLUMBUS CHARITIES, INC.'S EXEMPT PURPOSE AND IN FULFILLMENT OF ITS PROGRAM SERVICE ACCOMPLISHMENTS.THE CATHOLIC INFORMATION PROGRAM - SEE SCHEDULE O

Program 2

Expenses: $531,835

THE ITALIAN WELFARE FUND - SEE SCHEDULE O

Program 3

Expenses: $472,430

SCHOLARSHIPS - SEE SCHEDULE O

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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 $1,571,668

Program Service Revenue $6,647

Investment Income $1,557,466

Other Revenue $0

TOTAL REVENUE $3,135,781

Expense Breakdown

Grants Paid $1,378,653

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,755,622

Other Expenses $2,376,969

TOTAL EXPENSES $3,755,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,135,781	$5,170,395	-0.4%
Expenses	$3,755,622	$3,767,258	0.0%
Net Income	$-619,841	$1,403,137	-1.4%

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

$4,874,689

Total Directors

$5,694,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL A ANDERSON	DIRECTOR/PAST PRESIDENT	1.00	Director	$0	$0	$196,944
PATRICK E KELLY	PRESIDENT	3.00	Officer Director	$0	$50,356	$1,901,587
RONALD F SCHWARZ	TREASURER	1.00	Officer Director	$0	$39,528	$413,589
MOST REV WILLIAM E LORI	DIRECTOR	1.00	Director	$0	$0	$138,750
JOHN A MARRELLA	SECRETARY	1.00	Officer Director	$0	$36,457	$844,946
ANTHONY V MINOPOLI	DIRECTOR	1.00	Director	$0	$45,296	$820,396
ARTHUR LOUIS L PETERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$112,262
JOHN J KENNEDY	DIRECTOR/CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$36,663	$924,817
PATRICK T MASON	PAST SECRETARY	1.00	Officer Director	$0	$38,955	$341,342
STEPHEN M FEILER	ASSISTANT SECRETARY	1.00	Officer	$0	$47,645	$336,146
DANIEL ROSSI	FORMER DIRECTOR	0.00		$0	$0	$33,350

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	$3,135,781	$3,755,622	$93,392,001	$-619,841
2023	$5,170,395	$3,767,258	$89,691,654	$1,403,137
2022	$3,173,026	$3,644,254	$82,074,403	$-471,228
2021	$7,484,954	$3,559,057	$92,663,013	$3,925,897
2020	$3,911,523	$3,283,557	$86,307,001	$627,966
2019	$5,385,150	$3,508,220	$84,978,365	$1,876,930
2018	$6,909,187	$3,775,247	$77,206,421	$3,133,940

KNIGHTS OF COLUMBUS CHARITIES USA INC