San Damiano College for the Trades

EIN: 991668678 501(c)(3)

SPRINGFIELD, IL

Total Revenue
$659,001
Total Expenses
$380,512
Total Assets
$295,155
Net Assets
$270,109
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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
2024
Legal Domicile
IL
Principal Officer
Kent Lasnoski
Phone
2175729202
Tax Period
2024-07-01 to 2025-06-30

San Damiano College for the Trades, founded in 2024, is a small nonprofit that reported $659K in total revenue in fiscal year 2024. The organization ran a surplus of $278K, a strong 42% operating margin.

Mission

Post-secondary religious formation. San Damiano College for the Trades operates one program the House of Formation Program, which focuses on theology and spiritual formation for students working in the trades.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $653,044
Program Service Revenue $0
Investment Income $5,068
Other Revenue $889
TOTAL REVENUE $659,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,965
Fundraising Expenses $0
Program Expenses $380,512
Other Expenses $263,547
TOTAL EXPENSES $380,512

Year-over-Year Comparison

2024 2023 Change
Revenue $659,001 N/A N/A
Expenses $380,512 $8,380 +44.4%
Net Income $278,489 $-8,380 -34.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
7
$100,000
Total Directors
0
$0
Key Employees
1
$100,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bishop Thomas J Paprocki Sole Member with reserved powers 3.00
Officer
$0 $0 $0
Kent J Lasnoski President 40.00
Officer Key Emp
$100,000 $0 $100,000
Monsignor David Hoefler Chairman of the Board of Directors 5.00
Officer
$0 $0 $0
Gregory Fleck Treasurer and board member 6.00
Officer
$0 $0 $0
Brad Bolt Board Member 2.00
Officer
$0 $0 $0
Mark Newcomb Board Member 1.00
Officer
$0 $0 $0
Father Ambrose Criste O Praem Board Member 1.00
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 $659,001 $380,512 $295,155 $278,489
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