THE ANCIENT ACCEPTED SCOTTISH RITE OF HARTFORD INC

EIN: 066047605

NEWINGTON, CT

Total Revenue
$353,986
Total Expenses
$480,065
Total Assets
$4,262,892
Net Assets
$4,262,892
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
CT
Principal Officer
RICHARD R JONES JR
Phone
8606660712
Tax Period
2024-01-01 to 2024-12-31

THE ANCIENT ACCEPTED SCOTTISH RITE OF HARTFORD INC, founded in 1949, is a small nonprofit that reported $354K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $480K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE FOUNDATION IS A REAL ESTATE HOLDING COMPANY. IT HOLDS AND ADMINISTERS FUNDS NECESSARY TO MAINTAIN THE BUILDING AND PROPERTY IN WHICH THE VALLEYS OF HARTFORD MEET. THE VALLEYS OF HARTFORD ARE SHAREHOLDERS OF THE CORPORATION AND PROVIDE FUNDS TO COVER EXPENSES AND PROPERTY UPGRADES DURING THE YEAR. EXPENSES INCLUDE BUT ARE NOT LIMITED TO UTILITES, PROPERTY TAXES, REPAIRS AND GENERAL MAINTENANCE.

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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 $0
Program Service Revenue $152,600
Investment Income $201,386
Other Revenue $0
TOTAL REVENUE $353,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $480,065
TOTAL EXPENSES $480,065

Year-over-Year Comparison

2024 2023 Change
Revenue $353,986 $212,376 +0.7%
Expenses $480,065 $254,454 +0.9%
Net Income $-126,079 $-42,078 +2.0%
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

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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
9
Independent Members
9
Employees
N/A
Volunteers
35

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY S ANGELICA SECRETARY 2.00
Officer Director
$0 $0 $0
WILLIAM E BOHMAN DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY A FLYNN DIRECTOR 2.00
Director
$0 $0 $0
RICHARD R JONES JR TREASURER 5.00
Officer Director
$0 $0 $0
JOHN F MARTIN JR DIRECTOR 2.00
Director
$0 $0 $0
JOHN F KESSLER VICE-PRES 2.00
Officer Director
$0 $0 $0
DAVID S LAFARGUE PRESIDENT 5.00
Officer Director
$0 $0 $0
FREDERICK J TAFT DIRCTOR 2.00
Director
$0 $0 $0
GORDON C WILLOUGHBY DIRECTOR 2.00
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
2024 $353,986 $480,065 $4,262,892 $-126,079
2023 $212,376 $254,454 $3,899,049 $-42,078
2022 $353,050 $243,688 $3,655,707 $109,362
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