NORWOOD LODGE OF ELKS #1124 (EIN 041079707) - 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

1908

Legal Domicile

Principal Officer

KELLY BENSON

Phone

7817629724

Tax Period

2024-04-01 to 2025-03-31

NORWOOD LODGE OF ELKS #1124, founded in 1908, is a small nonprofit that reported $472K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $527K exceeded revenue, resulting in a 12% operating deficit.

Mission

OPERATION OF THE LODGE FOR THE CHARITABLE AND RECREATIONAL ENJOYMENT OF ITS MEMBERS.

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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 $63,661

Program Service Revenue $0

Investment Income $8,280

Other Revenue $399,665

TOTAL REVENUE $471,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,601

Fundraising Expenses $0

Other Expenses $355,066

TOTAL EXPENSES $526,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,606	$516,096	-0.1%
Expenses	$526,667	$506,571	+0.0%
Net Income	$-55,061	$9,525	-6.8%

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

$12,400

Total Directors

$12,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA WELCH	LECTURING KNIGHT	5.00	Officer Director	$0	$0	$0
MARY WELCH	TRUSTEE	5.00	Officer Director	$0	$0	$0
CHRIS SALES	TRUSTEE	5.00	Officer Director	$0	$0	$0
BETTE REILLY	SECRETARY	10.00	Officer Director	$6,200	$0	$6,200
KELLY BENSON	TREASURER	10.00	Officer Director	$6,200	$0	$6,200
KATIE VAN BLARCOM	LEADING KNIGHT	5.00	Officer Director	$0	$0	$0
PAUL SALES	LOYAL KNIGHT	5.00	Officer Director	$0	$0	$0
BILL PLASKO JR	EXALTED RULER	5.00	Officer Director	$0	$0	$0
MARK NALBANDIAN	TRUSTEE	5.00	Officer Director	$0	$0	$0
GEORGE GEORGOUDIS	TRUSTEE	5.00	Officer Director	$0	$0	$0
TODD WHITEHOUSE	TRUSTEE	5.00	Officer	$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	$471,606	$526,667	$1,081,752	$-55,061
2025	$471,606	$510,298	$703,411	$-38,692
2024	$516,096	$506,571	$618,998	$9,525
2023	$560,242	$445,628	$412,920	$114,614
2022	$441,250	$424,575	$278,463	$16,675
2021	$316,010	$358,899	$247,819	$-42,889

NORWOOD LODGE OF ELKS #1124