Knicker Open Charities

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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

2017

Legal Domicile

Principal Officer

Mike Piranio

Phone

6306692874

Tax Period

2023-01-01 to 2023-12-31

Knicker Open Charities, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $145K in total revenue in fiscal year 2023. Expenses of $162K exceeded revenue, resulting in a 12% operating deficit.

Mission

Knicker Open Charities seeks to pair our participants love for the game of golf in support of organizations important to us, with the primary beneficiary being the Folds of Honor which provides educational scholarships to the spouses and children of Americas fallen or disabled military and first responders.

Program Service Accomplishments

Program 1

Expenses: $150,000 Revenue: $244,125

Organized and held an annual golf outing to raise money to donate to other Organizations that provide educational scholarships to spouses and children of Americas fallen and disabled service-members.

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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 $49,975

Program Service Revenue $0

Investment Income $0

Other Revenue $94,673

TOTAL REVENUE $144,648

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,000

Other Expenses $11,859

TOTAL EXPENSES $161,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,648	$142,137	+0.0%
Expenses	$161,859	N/A	N/A
Net Income	$-17,211	$142,137	-1.1%

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
Mike Piraino	President	011.00	Officer Director	$0	$0	$0
John Duggan Jr	Secretary/Treasurer	002.00	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
2023	$144,648	$161,859	$1,568	$-17,211
2022	$142,137	No data	$18,779	No data