PORTLAND MAINE ELKS LODGE NO 188 (EIN 010027748) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1889

Legal Domicile

Principal Officer

MARTHA BINETTE

Phone

2077737396

Tax Period

2022-04-01 to 2023-03-31

PORTLAND MAINE ELKS LODGE NO 188, founded in 1889, is a small nonprofit that reported $110K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO SERVE OUR COMMUNITY AND MEMBERS AS A PART OF THE ELKS NATIONAL ORGANIZATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $96,082

Program Service Revenue $0

Investment Income $348

Other Revenue $249,217

TOTAL REVENUE $345,647

Expense Breakdown

Grants Paid $32,748

Salaries & Benefits $8,769

Fundraising Expenses $0

Other Expenses $224,314

TOTAL EXPENSES $265,831

Year-over-Year Comparison

	2022	2021	Change
Revenue	$345,647	$191,854	+0.8%
Expenses	$265,831	$301,810	-0.1%
Net Income	$79,816	$-109,956	-1.7%

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

Total Directors

$8,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE INGRAHAM	OFFICER	10.00	Officer	$0	$0	$0
MARTHA BINNETTE	LOYAL KNIGHT	1.00	Officer	$0	$0	$0
JOSEPH WINSCHEL	LEADING KNIGHT	20.00	Officer Director	$0	$0	$0
PAUL ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA PILEGGI	TRUSTEE	1.00	Director	$0	$0	$0
CHARLEEN DURGIN	TREASURER	10.00	Director	$4,892	$0	$4,892
JOAN HARMON	LECTURING KNIGHT	1.00	Director	$0	$0	$0
VICTORIA DOUGHTY	SECRETARY	10.00	Director	$3,877	$0	$3,877
APRIL LIBBY	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN MACKIE	INNER GUARD	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
2023	$345,647	$265,831	$1,274,654	$79,816
2022	$191,854	$301,810	$1,197,841	$-109,956
2021	$109,782	$219,103	$1,242,302	$-109,321

PORTLAND MAINE ELKS LODGE NO 188