Michigan Masonic Home

EIN: 237259307 501(c)(3) Human Services

Alma, MI

Total Revenue
$42,134,481
Total Expenses
$35,678,096
Total Assets
$61,836,297
Net Assets
$35,359,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MI
Principal Officer
Robin A Whitmore
Phone
9894633141
Tax Period
2024-04-01 to 2025-03-31

Michigan Masonic Home, founded in 1996, is a mid-sized nonprofit in the Human Services sector that reported $42.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.5M, a strong 15% operating margin.

Mission

Michigan Masonic Home and its related services will maintain a charitable mission while providing quality retirement services to Masonic Family Members and to the communities in which they live.

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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 $16,659,503
Program Service Revenue $22,332,066
Investment Income $4,525
Other Revenue $3,138,387
TOTAL REVENUE $42,134,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,647,974
Fundraising Expenses $0
Program Expenses $27,696,322
Other Expenses $19,030,122
TOTAL EXPENSES $35,678,096

Year-over-Year Comparison

2024 2023 Change
Revenue $42,134,481 $33,852,315 +0.2%
Expenses $35,678,096 $36,312,852 0.0%
Net Income $6,456,385 $-2,460,537 -3.6%
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
11
Independent Members
11
Employees
318
Volunteers
11

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
6
$474,096
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bruce Caswell President 0.25
Officer Director
$0 $0 $0
Tamela J Rusch-D'Aguanno Vice President 0.25
Officer Director
$0 $0 $0
Jennifer Snider Secretary 0.25
Officer Director
$0 $0 $0
Larry Inscho Treasurer 0.25
Officer Director
$0 $0 $0
Gary Paquet Chairman 0.25
Director
$0 $0 $0
William Sauget Chairman 0.25
Director
$0 $0 $0
Eugene Abbaticchio Chairman 0.25
Director
$0 $0 $0
Omar Flores Chairman 0.25
Director
$0 $0 $0
James Groat Chairman 0.25
Director
$0 $0 $0
Jeffrey Moyer Chairman 0.25
Director
$0 $0 $0
John P Groves Chairman 0.25
Director
$0 $0 $0
Robin A Whitmore CEO 50.00
Officer
$211,198 $33,898 $245,096
Michael Logan Former CEO 40.00
Officer
$229,000 $0 $229,000
Kari Conn Executive Director 40.00
Highest
$135,732 $8,049 $143,781
Monica Goodrich Director of Nursing 40.00
Highest
$122,748 $23,816 $146,564
Bethany A Tripp MDS Coordinator 40.00
Highest
$107,667 $6,975 $114,642
Donovan Miller Information Systems Director 40.00
Highest
$119,291 $15,354 $134,645
Prakash Sarvepalli Medical Director 40.00
Highest
$218,976 $500 $219,476
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 $42,134,481 $35,678,096 $61,836,297 $6,456,385
2024 $33,852,315 $36,312,852 $56,671,122 $-2,460,537
2023 $34,791,820 $37,857,067 $59,971,957 $-3,065,247
2022 $42,710,892 $41,545,148 $64,886,043 $1,165,744
2021 $42,067,095 $43,529,367 $60,837,249 $-1,462,272
2020 $43,622,202 $43,618,764 $52,789,973 $3,438
2019 $43,147,550 $41,134,627 $46,961,939 $2,012,923
2018 $40,173,655 $39,201,896 $46,106,897 $971,759
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