THE SCOTTISH RITE BUILDING CORP

EIN: 061252811

STRATFORD, CT

Total Revenue
$89,300
Total Expenses
$99,290
Total Assets
$304,136
Net Assets
$304,136
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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
1988
Legal Domicile
CT
Principal Officer
ROBERT FURCE
Phone
8602720502
Tax Period
2024-08-01 to 2025-07-31

THE SCOTTISH RITE BUILDING CORP, founded in 1988, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 11% operating deficit.

Mission

SEE SCHUDLE 0

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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 $89,300
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $99,290
TOTAL EXPENSES $99,290

Year-over-Year Comparison

2024 2023 Change
Revenue $89,300 $134,500 -0.3%
Expenses $99,290 $166,498 -0.4%
Net Income $-9,990 $-31,998 -0.7%
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
1066
Independent Members
1066
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FURCE PRES/DIR N/A
Officer Director
$0 $0 $0
JOHN FARKAS SEC/DIR N/A
Officer Director
$0 $0 $0
ERICK P MEYER TRES/DIR N/A
Officer Director
$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 $89,300 $99,290 $304,136 $-9,990
2024 $134,500 $166,498 $314,126 $-31,998
2023 $98,447 $108,028 $346,124 $-9,581
2022 $273,457 $106,692 $355,705 $166,765
2021 $282,500 $290,256 $188,940 $-7,756
2020 $177,000 $171,957 $196,696 $5,043
2019 $142,500 $163,058 $209,044 $-20,558
2018 $207,500 $253,720 $229,602 $-46,220
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