ANCIENT ACCEPTED SCOTTISH RITE OF FREE MASONRY NMJ

EIN: 210394896

TRENTON, NJ

Total Revenue
$128,032
Total Expenses
$297,450
Total Assets
$3,339,534
Net Assets
$3,304,045
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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
1863
Legal Domicile
NJ
Principal Officer
IAN KORMAN
Phone
6092983404
Tax Period
2024-08-01 to 2025-07-31

ANCIENT ACCEPTED SCOTTISH RITE OF FREE MASONRY NMJ, founded in 1863, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $297K exceeded revenue, resulting in a 132% operating deficit.

Mission

STRENGTHEN THE MASONIC WAY OF LIFE BY IMPROVING THE INDIVIDUAL CHARACTER,LEADERSHIP AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. TO SERVE MANKIND THROUGH THE IMPACT OF CHARITABLE OUTREACH.

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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 $82,109
Program Service Revenue $755
Investment Income $33,945
Other Revenue $11,223
TOTAL REVENUE $128,032

Expense Breakdown

Grants Paid $37,162
Salaries & Benefits $100,373
Fundraising Expenses $0
Other Expenses $159,915
TOTAL EXPENSES $297,450

Year-over-Year Comparison

2024 2023 Change
Revenue $128,032 $1,569,826 -0.9%
Expenses $297,450 $410,007 -0.3%
Net Income $-169,418 $1,159,819 -1.1%
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
9
Independent Members
9
Employees
3
Volunteers
30

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
2
$94,326
Total Directors
0
$0
Key Employees
1
$76,468
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN KORMAN TREASURER 15.00
Officer
$17,858 $0 $17,858
PETER SAUNDERS EXECUTIVE SECRETARY 20.00
Officer Key Emp Highest
$76,468 $0 $76,468
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 $128,032 $297,450 $3,339,534 $-169,418
2024 $1,569,826 $410,007 $3,417,970 $1,159,819
2023 $101,125 $301,925 $2,403,969 $-200,800
2022 $169,453 $333,746 $2,534,746 $-164,293
2021 $203,717 $335,267 $2,655,629 $-131,550
2020 $177,929 $363,498 $2,757,576 $-185,569
2019 $280,585 $366,510 $2,926,718 $-85,925
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