Benefit Insurance Commission Grand Lodge of Massachusetts (EIN 042900144) - 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

1905

Legal Domicile

Principal Officer

Richard Vitali Esq

Phone

6174890196

Tax Period

2024-01-01 to 2024-12-31

Benefit Insurance Commission Grand Lodge of Massachusetts, founded in 1905, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $95K exceeded revenue, resulting in a 128% operating deficit.

Mission

To provide life insurance benefits to the members of the Grand Lodge of Massachusetts Order Sons of Italy in America.

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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 $0

Program Service Revenue $7,692

Investment Income $34,184

Other Revenue $0

TOTAL REVENUE $41,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,900

Other Expenses $80,390

TOTAL EXPENSES $95,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,876	$21,589	+0.9%
Expenses	$95,290	$94,628	+0.0%
Net Income	$-53,414	$-73,039	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Amleto Martocchia	Commissioner	Director	$0	$0	$0
Ellen Whittaker	Commissioner	Director	$0	$0	$0
Richard Vitali Esq	President	Officer	$0	$0	$0
Paula Sasso	Treasurer	Officer	$0	$0	$0
Ross Zagami	Secretary	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
2024	$41,876	$95,290	$1,360,228	$-53,414
2023	$21,589	$94,628	$1,274,513	$-73,039
2022	$5,669	$69,658	$1,212,742	$-63,989
2021	$34,517	$91,700	$1,352,194	$-57,183
2020	$28,852	$85,313	$1,315,721	$-56,461
2019	$59,475	$118,999	$1,315,564	$-59,524
2018	$36,680	$97,136	$1,280,221	$-60,456

Benefit Insurance Commission Grand Lodge of Massachusetts