PENNA ELKS LEGACY TRUST FUND

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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

1979

Legal Domicile

Phone

4122361634

Tax Period

2023-07-01 to 2024-06-30

PENNA ELKS LEGACY TRUST FUND, founded in 1979, is a small nonprofit in the Mutual Benefit sector that reported $410K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $262K, a strong 64% operating margin.

Mission

ACCEPT BEQUESTS, MEMORIAL GIFTS & OTHER GIFT FROM PA ELK MEMBERS, PROVIDING SUPPORT TO THE PA ELKS MAJOR PROJECTS, INC HOME SERVICE PROGRAM, WHICH SUPPORTS INDEPENDENCE OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $99,640

PENNA ELKS MAJOR PROJECTS, ATTN: TERESA BLACK, 703 GEORGIAN PLACE, SOMERSET, PA 15501

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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 $101,972

Program Service Revenue $0

Investment Income $308,386

Other Revenue $0

TOTAL REVENUE $410,358

Expense Breakdown

Grants Paid $99,640

Salaries & Benefits $46,898

Fundraising Expenses $0

Program Expenses $99,640

Other Expenses $2,064

TOTAL EXPENSES $148,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,358	$951,965	-0.6%
Expenses	$148,602	$146,702	+0.0%
Net Income	$261,756	$805,263	-0.7%

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

N/A

Employees

N/A

Volunteers

700

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BNY MELLON N A	TRUSTEE	N/A		$46,898	$0	$46,898

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	No data	No data	No data	No data
2024	$410,358	$148,602	$6,626,354	$261,756
2023	$951,965	$146,702	$6,365,611	$805,263
2022	$791,768	$121,052	$5,521,708	$670,716
2021	$356,031	$106,838	$4,881,931	$249,193