MASSACHUSETTS ELKS SCHOLARSHIP INC (EIN 046050451) - 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

1928

Legal Domicile

Principal Officer

WILLIAM HOPKINS III

Phone

7812465900

Tax Period

2024-06-01 to 2025-05-31

MASSACHUSETTS ELKS SCHOLARSHIP INC, founded in 1928, is a small nonprofit in the Education sector that reported $613K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $12.3M represent 241 months of operating reserves.

Mission

TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS.

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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 $210,273

Program Service Revenue $0

Investment Income $402,460

Other Revenue $0

TOTAL REVENUE $612,733

Expense Breakdown

Grants Paid $475,400

Salaries & Benefits $51,494

Fundraising Expenses $0

Program Expenses $645,391

Other Expenses $129,197

TOTAL EXPENSES $656,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,733	$1,195,943	-0.5%
Expenses	$656,091	$503,664	+0.3%
Net Income	$-43,358	$692,279	-1.1%

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

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
JOSEPH V BALESTRIERI	DIRECTOR	5.00	Director	$0	$0	$0
DAVID G CHARBONNEAU	DIRECTOR	5.00	Director	$0	$0	$0
STACY RICE	DIRECTOR	5.00	Director	$0	$0	$0
PETER KRISAK	DIRECTOR	5.00	Director	$0	$0	$0
DARLENE MACDONALD	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM J HOPKINS III	PRESIDENT	5.00	Officer	$0	$0	$0
DENISE O SHURTLEFF	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
JOHN J WHITE	TREASURER	5.00	Officer	$0	$0	$0
KATHERINE K PEARSON	SECRETARY	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	$612,733	$656,091	$12,315,379	$-43,358
2024	$1,195,943	$503,664	$11,830,745	$692,279
2023	$967,571	$456,020	$10,634,586	$511,551
2022	$1,043,534	$491,147	$10,963,353	$552,387
2021	$2,319,070	$560,429	$12,056,683	$1,758,641
2020	$765,973	$640,239	$10,298,197	$125,734
2019	$391,308	$592,832	$10,172,359	$-201,524

MASSACHUSETTS ELKS SCHOLARSHIP INC