NORWOOD LODGE OF ELKS #1124

EIN: 041079707

NORWOOD, MA

Total Revenue
$471,606
Total Expenses
$510,298
Total Assets
$703,411
Net Assets
$325,130
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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
MA
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.

Mission

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

Program Service Accomplishments

Program 1

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%)

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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 $338,697
TOTAL EXPENSES $510,298

Year-over-Year Comparison

2024 2023 Change
Revenue $471,606 $516,096 -0.1%
Expenses $510,298 $506,571 +0.0%
Net Income $-38,692 $9,525 -5.1%
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

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Governance

Voting Members
11
Independent Members
10
Employees
17
Volunteers
25

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
11
$12,400
Total Directors
10
$12,400
Key Employees
0
$0
Highest Compensated
0
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 $510,298 $703,411 $-38,692
2025 $471,606 $526,667 $1,081,752 $-55,061
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
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