Masonic Trustees of Portland (EIN 010116380) - 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

1905

Legal Domicile

Principal Officer

Marlon E Welch

Phone

2077735184

Tax Period

2023-01-01 to 2023-12-31

Masonic Trustees of Portland is a tax-exempt nonprofit with EIN 010116380, based in Portland, ME. Founded in 1905, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $132,611 in total revenue and $270,316 in total expenses, with net assets of $883,294.

Mission

Formed by the State Legislature for the purpose of leasinge, fittingup, and managing halls and other apartments for the use of different Masonic bodies in Portland, and may borrow money if deemed necessary.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $119,140

Investment Income $13,471

Other Revenue $0

TOTAL REVENUE $132,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,889

Fundraising Expenses $0

Program Expenses $269,431

Other Expenses $163,427

TOTAL EXPENSES $270,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,611	$97,702	+0.4%
Expenses	$270,316	$210,139	+0.3%
Net Income	$-137,705	$-112,437	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jody Hersey	Chairman	005.00	Officer Director	$0	$0	$0
Kenneth Caldwell	Secretary	010.00	Officer Director	$0	$0	$0
Marlon Welch	Treasurer	005.00	Officer Director	$0	$0	$0
Jeffrey Simonton	Trustee	001.00	Director	$0	$0	$0
John Knowlton	Trustee	001.00	Director	$0	$0	$0
Michael Whyte	Trustee	001.00	Director	$0	$0	$0
Thomas Gaudette	Trustee	001.00	Director	$0	$0	$0
Thomas Manning	Trustee	001.00	Director	$0	$0	$0
William McKibben	Trustee	001.00	Director	$0	$0	$0
Michael Chambers	Trustee	001.00	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
2024	No data	No data	No data	No data
2023	$132,611	$270,316	$883,294	$-137,705
2022	$97,702	$210,139	$903,642	$-112,437
2021	$124,149	$190,153	$1,178,460	$-66,004
2020	$98,346	$145,245	$891,743	$-46,899
2019	$124,674	$178,064	$876,578	$-53,390
2018	$158,982	$315,332	$905,465	$-156,350

Masonic Trustees of Portland