Putnam Lodge of Elks #574

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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

1995

Legal Domicile

Principal Officer

Michael Martin

Phone

8609283901

Tax Period

2024-04-01 to 2025-03-31

Putnam Lodge of Elks #574, founded in 1995, is a small nonprofit in the Mutual Benefit sector that reported $337K in total revenue in fiscal year 2024.

Mission

THE LODGE IS A LOCAL AFFILIATE LODGE OF A NATIONAL FRATERNAL ORGANIZATION OF ELKS DEDICATED TO HELPING WITH LOCAL COMMUNITY PROJECTS AND ASSISTING WHENEVER NEEDED IN ORDER TO ENCOURAGE GOOD FELLOWSHIP.

Program Service Accomplishments

Program 1

Expenses: $296,387

THE ORGANIZATION PROVIDES NEWSLETTERS AND SOCIAL ACTIVITIES TO ITS MEMBERS. THE ORGANIZATION HELPS TO FOSTER COMMUNITY BY OFFERING ACTIVITIES, SCHOLARSHIPS AND SERVICES TO THE LOCAL GENERAL PUBLIC.

Program 2

Expenses: $34,061

THE ORGANIZATION DONATES TO OTHER CHARITIES IN THE COMMUNITY.

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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 $66,980

Program Service Revenue $88,041

Investment Income $2,383

Other Revenue $179,137

TOTAL REVENUE $336,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,919

Fundraising Expenses $0

Program Expenses $330,448

Other Expenses $211,529

TOTAL EXPENSES $330,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,541	$340,552	0.0%
Expenses	$330,448	$311,229	+0.1%
Net Income	$6,093	$29,323	-0.8%

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

$7,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Morissette	Secretary	10.00	Officer	$4,000	$0	$4,000
Gerard M Beausoleil	Treasurer	10.00	Officer	$3,792	$0	$3,792
David Lavoie	Loyal Knight	5.00	Officer Director	$0	$0	$0
Robert Kozlowski	Trustee	5.00	Officer Director	$0	$0	$0
Marcel Morissette	Leading Knight	5.00	Officer Director	$0	$0	$0
Michael Martin	Exalted Ruler	5.00	Officer Director	$0	$0	$0
Donald Laperle	Trustee	5.00	Officer Director	$0	$0	$0
Diane Robinson	Trustee	5.00	Officer Director	$0	$0	$0
Brian Sirois	Lecturing Knight	5.00	Officer Director	$0	$0	$0
Ronald Michael Stewart	Trustee	5.00	Officer Director	$0	$0	$0
James Eccleston	Trustee	5.00	Officer Director	$0	$0	$0
Courtney Lavoie	Inner Guard	5.00	Officer	$0	$0	$0
William Schmidt	Esquire	5.00	Officer	$0	$0	$0
Janet Muscara-Schmidt	Chaplain	5.00	Officer	$0	$0	$0
Sean Bennett	Tiler	5.00	Officer	$0	$0	$0
Richard Place	Past Presiding Justice	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	$336,541	$330,448	$422,388	$6,093
2024	$340,552	$311,229	$428,372	$29,323
2023	$292,039	$282,055	$371,977	$9,984
2022	$245,244	$234,170	$361,216	$11,074
2021	$201,063	$165,317	$351,604	$35,746