SKOWHEGAN-MADISON MAINE ELKS LODGE NO 2531 (EIN 010346712) - 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

1975

Legal Domicile

Principal Officer

MARY HODGDON

Phone

2074743111

Tax Period

2024-04-01 to 2025-03-31

SKOWHEGAN-MADISON MAINE ELKS LODGE NO 2531 is a tax-exempt nonprofit with EIN 010346712, based in SKOWHEGAN, ME. Founded in 1975, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $421,154 in total revenue and $352,131 in total expenses, with net assets of $1,329,268.

Mission

TO SUPPORT YOUTH, VETERANS AND COMMUNITY ACTIVITIES

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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 $148,686

Program Service Revenue $0

Investment Income $6,602

Other Revenue $265,866

TOTAL REVENUE $421,154

Expense Breakdown

Grants Paid $7,882

Salaries & Benefits $130,359

Fundraising Expenses $0

Program Expenses $135,123

Other Expenses $213,890

TOTAL EXPENSES $352,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,154	$310,655	+0.4%
Expenses	$352,131	$337,431	+0.0%
Net Income	$69,023	$-26,776	-3.6%

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

$20,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WOODWORTH	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY WOODWORTH	LOYAL KNIGHT	1.00	Officer Director	$0	$0	$0
DEBBIE MORRISON	ESTEEMED LECTURING KNIGHT	1.00	Officer Director	$0	$0	$0
KEVIN JARVAIS	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE JONES	LEADING KNIGHT	1.00	Officer Director	$0	$0	$0
DONNA BROWN	EXAULTED RULER	1.00	Officer Director	$0	$0	$0
ROGER STINSON	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE LAPOINTE	TREASURER	10.00	Officer Director	$10,000	$0	$10,000
MELINDA VOISINE	SECRETARY	10.00	Officer Director	$10,000	$0	$10,000

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	$421,154	$352,131	$1,349,090	$69,023
2024	$310,655	$337,431	$1,299,520	$-26,776
2023	$382,837	$310,847	$1,306,977	$71,990
2022	$276,882	$247,064	$1,265,290	$29,818
2021	$271,377	$220,034	$1,198,429	$51,343
2019	$256,737	$193,902	$1,094,806	$62,835

SKOWHEGAN-MADISON MAINE ELKS LODGE NO 2531