MINNESOTA KNIGHTS OF COLUMBUS STUD… - 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

1960

Legal Domicile

Principal Officer

PAUL HAIK

Phone

9528732213

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA KNIGHTS OF COLUMBUS STUDENT LOAN FUND INC, founded in 1960, is a small nonprofit that reported $125K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $110K left a modest 11% surplus.

Mission

THE MISSION OF THE LOAN PROGRAM IS TO PROVIDE HIGHER EDUCATION STUDENT LOANS TO ACTIVE MEMBER KNIGHTS, THEIR SPOUSES, AND CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $79,581

ISSUED 96 NEW STUDENT LOANS IN 2023 WHILE ADMINISTERING TO 859 OUTSTANDING LOANS.

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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 $75,407

Program Service Revenue $0

Investment Income $1,552

Other Revenue $47,606

TOTAL REVENUE $124,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,686

Program Expenses $79,581

Other Expenses $110,328

TOTAL EXPENSES $110,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,565	$144,304	-0.1%
Expenses	$110,328	$104,679	+0.1%
Net Income	$14,237	$39,625	-0.6%

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
PAUL HAIK	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JOSEPH VANDERMARK III	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
PATRICK GLENSKI	SECRETARY	N/A	Officer Director	$0	$0	$0
JOE BERTRAM	DIRECTOR	N/A	Director	$0	$0	$0
DR FRED BROWN	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH MUELLER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID WHATMUFF PSD	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL J DALY	ADMINISTRATO	N/A	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
2024	No data	No data	No data	No data
2023	$124,565	$110,328	$2,259,108	$14,237
2022	$144,304	$104,679	$2,244,871	$39,625
2021	$102,565	$80,537	$2,205,246	$22,028
2020	$164,768	$80,870	$2,183,218	$83,898

MINNESOTA KNIGHTS OF COLUMBUS STUDENT LOAN FUND INC