WATERVILLE MAINE ELKS LODGE #905 (EIN 010063430) - 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

1904

Legal Domicile

Principal Officer

LEBARON J SPAULDING 3

Tax Period

2024-04-01 to 2025-03-31

WATERVILLE MAINE ELKS LODGE #905 is a tax-exempt nonprofit with EIN 010063430, based in WATERVILLE, ME. Founded in 1904, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,042,044 in total revenue and $893,059 in total expenses, with net assets of $1,592,073.

Mission

TO INCULCATE THE PRINCIPLES OF CHARITY, JUSTICE, BROTHERLY LOVE AND FIDELITY; TO RECOGNIZE A BELIEF IN GOD; TO PROMOTE THE WELFARE AND ENHANCE THE HAPPINESS OF ITS MEMBERS TO QUICKEN THE SPIRIT OF AMERICAN PATRIOTISM; TO CULTIVATE GOOD FELLOWSHIP

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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 (2024)

Revenue Breakdown

Contributions & Grants $225,565

Program Service Revenue $217,291

Investment Income $12,667

Other Revenue $586,521

TOTAL REVENUE $1,042,044

Expense Breakdown

Grants Paid $37,015

Salaries & Benefits $304,585

Fundraising Expenses $0

Program Expenses $893,059

Other Expenses $551,459

TOTAL EXPENSES $893,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,044	$1,030,876	+0.0%
Expenses	$893,059	$1,043,110	-0.1%
Net Income	$148,985	$-12,234	-13.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$30,989

Total Directors

$30,989

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLETTE L EATON	SECRETARY	10.00	Officer Director	$16,700	$0	$16,700
LEBARON J SPAULDING	TREASURER	20.00	Officer Director	$14,289	$0	$14,289
MICHAEL J HANLEY	BOARD OF DIRECTORS CHAIR	1.00	Director	$0	$0	$0
GARY S OWEN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID K ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A HAMMOND	TRUSTEE	1.00	Director	$0	$0	$0
STEVE B KNOWLTON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PAQUETTE	EXALTED RULER	1.00	Officer Director	$0	$0	$0
CHRIS STEVENS	LEADING KNIGHT	1.00	Officer Director	$0	$0	$0
EARLINE MARGETTS	LOYAL KNIGHT	0.00	Officer Director	$0	$0	$0
JENNIFER J GRENIER KNIGHT	LECTURING KNIGHT	1.00	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
2025	$1,042,044	$893,059	$1,700,564	$148,985
2024	$1,030,876	$1,043,110	$1,543,457	$-12,234
2023	$1,051,062	$854,343	$1,551,099	$196,719
2022	$773,107	$629,142	$1,353,098	$143,965
2021	$242,776	$266,527	$1,194,725	$-23,751

WATERVILLE MAINE ELKS LODGE #905