Catholic United Financial
501(c)(8) Donations tax-deductible
66% goes to programs
Catholic United Financial is a 501(c)(8) organization based in Arden Hills, Minnesota, registered in 1940, with $73,502,168 in FY2023 revenue. CharityIndex grades it B+, and it directs about 66% of spending to programs.
3499 Lexington Ave N, Arden Hills, MN, 55126 EIN 41-0182070 Since 1940
Revenue (FY2023)
$73.5M
▲ 2.3% vs prior year
Expenses (FY2023)
$73.5M
Net assets
$24.4M
Employees
101
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating66% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Catholic United Financial: 66% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Catholic United Financial: 4 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Catholic United Financial: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Catholic United Financial: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide our members with life insurance, annuities and other products that contribute to their financial well-being and support the roman catholic church in extending the faith.
What they do
In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $280,445 was provided to our councils and communities. of this amount, $133,931 was spent on local councils, $75,970 on matching grants, $7,764 was spent to conduct regional member gatherings, $6,622 on miscellaneous donations, and $56,158 was spent on member recognition programs and conducting gather4good events. gather4good is a volunteer, family oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness.
In accordance with our mission to support the roman catholic church in extending the faith, commending and encouraging catholic schools and religious education, fraternal benefits totaling $510,315 were spent during the year. of this total, $87,855 was provided to catholic dioceses and parishes, $274,620 was spent as operating support for our foundation, and $147,840 was spent supporting catholic education, including the annual catholic schools raffle. this raffle has raised over $12 million for over 100 catholic schools since its inception thirteen years ago.
Contact & location
- Address
- 3499 Lexington Ave N, Arden Hills, MN, 55126
- City
- Arden Hills
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $85.8M (FY2013) to $73.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $975.0MNet assets $24.4M
Operating margin
-0.1%
Spent more than it raised in the latest fiscal year.
Total assets
$999.4M
Total liabilities
$975.0M
Net assets
$24.4M
Salaries & benefits
$8.0M
11% of expenses
Board members
9
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $73,502,168▲2.3% | $73,545,830▼6.4% | $24,441,369▼18.0% | $999,429,811▼5.3% | 990 |
| 2022 | $71,850,379▲11.8% | $78,547,910▲23.1% | $29,802,986▼18.4% | $1,055,250,995▼0.5% | 990 |
| 2021 | $64,273,025▼0.7% | $63,814,163▼3.9% | $36,528,779▲4.3% | $1,060,682,360▲3.8% | 990 |
| 2020 | $64,726,366▼13.7% | $66,430,133▼12.1% | $35,028,769▼12.0% | $1,021,424,544▲2.0% | 990 |
| 2019 | $75,032,534▼4.2% | $75,612,310▼2.7% | $39,801,321▼2.2% | $1,001,210,528▲3.2% | 990 |
| 2018 | $78,331,214▲8.8% | $77,722,076▲31.3% | $40,680,001▲0.1% | $969,975,238▲3.8% | 990 |
| 2017 | $71,977,805▼30.8% | $59,205,056▼42.8% | $40,623,804▲39.4% | $934,834,737▲1.7% | 990 |
| 2016 | $104,081,009▲8.1% | $103,485,330▲8.1% | $29,132,620▲16.8% | $919,296,139▲5.7% | 990 |
| 2015 | $96,313,207▲9.1% | $95,713,428▲9.4% | $24,937,471▼5.5% | $869,661,055▲4.3% | 990 |
| 2014 | $88,247,274▲2.8% | $87,499,080▲2.4% | $26,389,387▼7.0% | $833,736,867▲3.4% | 990 |
| 2013 | $85,817,919 | $85,436,026▼7.1% | $28,387,898▲7.1% | $806,197,188▲4.2% | 990 |
| 2012 | — | $91,974,004▲2.4% | $26,498,058▲1.4% | $773,692,221▲5.2% | 990 |
| 2011 | — | $89,829,351▲4.0% | $26,144,661▼9.2% | $735,615,485▲9.8% | 990 |
| 2010 | — | $86,410,920 | $28,790,333 | $669,669,256 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael Ahles — $386,990 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Ahles | President/chairman | 37.5 | $386,990 |
| Paul Zastrow | Sr. Vp, Secretary/treasurer | 37.5 | $334,969 |
| John Tetzloff | Director of Sales | 37.5 | $213,043 |
| Butch Byers | Southwest Regional Director | 37.5 | $175,149 |
| Jack Kerbeshian | Director of Product | 37.5 | $161,769 |
| John Kolodziejczyk | Directorof Information Systems | 37.5 | $159,130 |
| Gregory Gall | Central Regional Director | 37.5 | $151,907 |
| Renee Brod | Board Member | 3 | $23,550 |
| James Wensel | Board Member | 3 | $23,250 |
| Martin Seifert | Board Member | 3 | $21,250 |
| Jean Hart | Board Member | 3 | $19,250 |
| James Gibbons | Board Member | 3 | $18,850 |
| Robert F Krattenmaker | Board Member | 3 | $18,850 |
| William Lucas | Board Member | 3 | $18,850 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Securian Asset Management | Investment Advisory | $381,638 |
| Bonsai LLC | Consulting Services | $300,000 |
| Miller & Newberg | Actuarial and Consulting Services | $281,473 |
| Bk Group Ll | It Consulting | $205,790 |
| Nordick Consulting | It Consulting | $102,807 |
Grants made · $15K in FY2023
1 grant totaling $15K in FY2023. All grants made by Catholic United Financial →
| Recipient | Purpose | Amount |
|---|---|---|
| St Henry Catholic Church | Catholic education | $15,000 |
Frequently asked questions
- Is Catholic United Financial a legitimate nonprofit?
- Yes. Catholic United Financial is a 501(c)(8) organization registered with the U.S. Internal Revenue Service under EIN 41-0182070, based in Arden Hills, Minnesota. Donations are tax-deductible.
- What is Catholic United Financial's EIN?
- Catholic United Financial's Employer Identification Number (EIN) is 41-0182070.
- How much revenue does Catholic United Financial report?
- Catholic United Financial reported $73,502,168 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Catholic United Financial's spending goes to programs?
- Catholic United Financial spends about 66% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Catholic United Financial have?
- CharityIndex grades Catholic United Financial B+, based on program efficiency and fundraising cost.
- How much does Catholic United Financial's highest-paid employee make?
- The highest reported compensation on Catholic United Financial's latest Form 990 is $386,990, paid to Michael Ahles (President/chairman).
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Data for Catholic United Financial (EIN 41-0182070) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.