BANGOR MAINE ELKS LODGE 244 (EIN 010024455) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

RANDY BATES

Phone

2079426977

Tax Period

2024-04-01 to 2025-03-31

BANGOR MAINE ELKS LODGE 244, founded in 1952, is a small nonprofit that reported $979K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $851K left a modest 13% surplus.

Mission

FRATERNAL AND SOCIAL WELFARE ORGANIZATION.

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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 $149,199

Program Service Revenue $0

Investment Income $73

Other Revenue $829,473

TOTAL REVENUE $978,745

Expense Breakdown

Grants Paid $97,214

Salaries & Benefits $343,183

Fundraising Expenses $0

Other Expenses $410,871

TOTAL EXPENSES $851,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$978,745	$748,244	+0.3%
Expenses	$851,268	$688,375	+0.2%
Net Income	$127,477	$59,869	+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

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

$26,110

Total Directors

$26,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BATES	EXALTED RULE	1.00	Officer Director	$0	$0	$0
SCOTT MONROE	TREASURER	20.00	Officer Director	$13,610	$0	$13,610
PATRICIA REID	SECRETARY	20.00	Officer Director	$12,500	$0	$12,500
MIKE MURPHY	LOYAL KNIGHT	1.00	Officer Director	$0	$0	$0
DARRELL MONTEITH	LEADING KNIG	1.00	Officer Director	$0	$0	$0
JASON WOOSTER	LECTURING KN	1.00	Officer Director	$0	$0	$0
GARY TURNER	TRUSTEE	1.00	Director	$0	$0	$0
LLOYD HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
JEAN OLIVER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TASKER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BUDREAU	TRUSTEE	1.00	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
2025	$978,745	$851,268	$1,442,392	$127,477
2024	$748,244	$688,257	$1,336,237	$59,987
2023	$687,283	$652,174	$1,267,002	$35,109
2022	$534,131	$473,295	$1,252,709	$60,836
2021	$277,211	$316,204	$1,042,962	$-38,993

BANGOR MAINE ELKS LODGE 244