Masonic Charity Foundation of CT (EIN 061435920) - 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

1995

Legal Domicile

Phone

2036795555

Tax Period

2023-10-01 to 2024-09-30

Masonic Charity Foundation of CT, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $10.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.5M, a strong 75% operating margin.

Mission

MASONIC CHARITY FOUNDATION OF CT WILL PROMOTE, SOLICIT, SECURE AND STEWARD CHARITABLE GIFTS TO BENEFIT THE RESIDENTS AND PATIENTS OF MASONICARE AND ITS AFFILIATES, AS WELL AS TO BUILD FURTHER ITS ENDOWMENT FUND, WITH EMPHASIS ON MEETING DONORS' GIFT GIVING OBJECTIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,324,007

Program Service Revenue $0

Investment Income $7,776,917

Other Revenue $-27,771

TOTAL REVENUE $10,073,153

Expense Breakdown

Grants Paid $785,597

Salaries & Benefits $569,825

Fundraising Expenses $0

Program Expenses $1,471,558

Other Expenses $1,206,785

TOTAL EXPENSES $2,562,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,073,153	$8,704,108	+0.2%
Expenses	$2,562,207	$2,490,057	+0.0%
Net Income	$7,510,946	$6,214,051	+0.2%

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

$1,188,413

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES W YOHE	CHAIRMAN	1.0	Officer Director	$0	$0	$0
DAVID O STERN	TREASURER	1.0	Officer Director	$0	$0	$0
JAMES J PYSKATY	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
KEITH MACDOWALL	SECRETARY	1.0	Officer Director	$0	$0	$0
CHRISTOPHER CARROTT	DIRECTOR	1.0	Director	$0	$0	$0
DAVID BERARDESCA	DIRECTOR	1.0	Director	$0	$0	$0
F MATTHEW HEINRICH	DIRECTOR (EFFECTIVE 04/01/24)	1.0	Director	$0	$0	$0
GEOFFREY L ICE	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY J WENTWORTH	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH KIRSHNER	DIRECTOR	1.0	Director	$0	$0	$0
LISA BOHMAN	DIRECTOR	N/A	Director	$0	$0	$0
MARYANN PRONOVOST	DIRECTOR	1.0	Director	$0	$0	$0
SHANE DUFRESNE	DIRECTOR (THRU 03/31/24)	1.0	Director	$0	$0	$0
CARRIE FULLER-MCMAHON	EXECUTIVE DIRECTOR	40.0	Officer	$72,973	$911	$73,884
JON-PAUL VENOIT	PRESIDENT AND CEO, ASSISTANT SECRETARY	1.0	Officer	$0	$58,740	$786,378
STEVEN D BEAULIEU	CFO, ASSISTANT TREASURER	1.0	Officer	$0	$44,115	$328,151
JENNIFER A KING	FORMER EXECUTIVE DIRECTOR	0.0		$199,190	$22,005	$221,195

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	$10,073,153	$2,562,207	$220,469,377	$7,510,946
2023	$8,704,108	$2,490,057	$182,733,401	$6,214,051
2022	$10,718,568	$2,425,005	$170,342,779	$8,293,563
2021	$16,843,290	$2,440,904	$189,169,572	$14,402,386
2020	$11,602,888	$2,386,344	$163,170,815	$9,216,544
2019	$9,189,856	$2,555,437	$159,008,124	$6,634,419
2018	$13,716,599	$2,707,535	$169,996,200	$11,009,064

Masonic Charity Foundation of CT