ASCENDUS LODGE AF & AM

EIN: 237170376

MARBLEHEAD, MA

Total Revenue
$46,272
Total Expenses
$48,590
Total Assets
$948,346
Net Assets
$948,346
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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
2020
Legal Domicile
MA
Principal Officer
ADAM SHERMAN
Phone
7817890863
Tax Period
2024-09-01 to 2025-08-31

ASCENDUS LODGE AF & AM, founded in 2020, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Net assets of $948K represent 246 months of operating reserves.

Mission

MASONIC LODGE

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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 $31,272
Program Service Revenue $0
Investment Income $0
Other Revenue $15,000
TOTAL REVENUE $46,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $48,590
TOTAL EXPENSES $48,590

Year-over-Year Comparison

2024 2023 Change
Revenue $46,272 $44,910 +0.0%
Expenses $48,590 $48,979 0.0%
Net Income $-2,318 $-4,069 -0.4%
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
125
Independent Members
125
Employees
N/A
Volunteers
25

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
5
$500
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID TAVERAS MASTER 1.00
Officer
$0 $0 $0
MATTHEW CHAFFE SR WARDEN 1.00
Officer
$0 $0 $0
ADAM SHERMAN TREASURER 1.00
Officer
$500 $0 $500
LESTER A DAVIS SECRETARY 1.00
Officer
$0 $0 $0
ERIC LUBARSKY JR WARDEN 1.00
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 $46,272 $48,590 $948,346 $-2,318
2024 $44,910 $48,979 $914,289 $-4,069
2023 $52,849 $44,643 $669,612 $8,206
2022 $61,647 $62,629 $645,333 $-982
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