SCOTTISH RITE CATHEDRAL INC (EIN 050349871) - 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

1972

Legal Domicile

Principal Officer

RUSSELL KAWA

Phone

4014612480

Tax Period

2024-01-01 to 2024-12-31

SCOTTISH RITE CATHEDRAL INC, founded in 1972, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $127K exceeded revenue, resulting in a 50% operating deficit.

Mission

OWN & OPERATE A FACILITY FOR A NON PROFIT ORGANIZATION

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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 $2,162

Program Service Revenue $0

Investment Income $49,121

Other Revenue $32,974

TOTAL REVENUE $84,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,992

Other Expenses $126,536

TOTAL EXPENSES $126,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,257	$44,581	+0.9%
Expenses	$126,536	$124,299	+0.0%
Net Income	$-42,279	$-79,718	-0.5%

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

$25,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL J LORENSON	DIRECTOR	10.00	Director	$0	$0	$0
JASON E GREENE	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL A CUNNINGHAM	DIRECTOR	10.00	Director	$0	$0	$0
GLENN SCOTT CARLSON	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL S BRITO	PRESIDENT	10.00	Officer	$0	$0	$0
RUSSELL A KAWA	TREASURER	10.00	Officer	$0	$0	$3,444
PETER IACOBUCCI	SECRETARY	10.00	Officer	$0	$0	$21,768

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	$84,257	$126,536	$1,030,260	$-42,279
2023	$44,581	$124,299	$1,029,656	$-79,718
2022	$125,665	$123,445	$1,051,026	$2,220
2021	$105,313	$123,675	$1,008,642	$-18,362
2020	$37,196	$105,056	$982,254	$-67,860
2019	$102,849	$108,525	$1,056,575	$-5,676
2018	$188,250	$109,136	$1,023,473	$79,114

SCOTTISH RITE CATHEDRAL INC