NORWOOD MASONIC TEMPLE FOUNDATION INCORPORATED

EIN: 261798639 501(c)(3) Education

Norwood, OH

Total Revenue
$96,462
Total Expenses
$77,442
Total Assets
$939,373
Net Assets
$939,373
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OH
Principal Officer
Daniel M Vinson
Phone
5136932056
Tax Period
2024-01-01 to 2024-12-31

NORWOOD MASONIC TEMPLE FOUNDATION INCORPORATED, founded in 2006, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $19K, a strong 20% operating margin.

Mission

PROVIDE ACCOMMODATION TO AREA MASONIC BODIES, AFFILIATED CHARITABLE ORGANIZATIONS, COMMUNITY ORGANIZATIONS AND EVENTS. PROVIDE SCHOLARSHIP AWARDS TO AREA YOUTH AND CLASSROOM/OFFICE SPACE TO THE CARL H JR. AND EDYTH LINDNER CHILDRENS DYSLEXIC LEARNING CENTER AND MAINTAIN, PRESERVE AN HISTORICAL BUILDING IN NORWOOD, OHIO 45212.

Program Service Accomplishments

Program 1
Expenses: $30,357 Revenue: $96,462

Repairs and Maintenance Expenses were higher than expected this year, but lower than last year. However, our older, historical building requires more attention than recently constructed buildings.

Program 2
Expenses: $21,017 Revenue: $96,462

UTILITIES EXPENSES TO HEAT AND COOL BUILDING CONTINUES TO BE A MAJOR EXPENSE, BUT DO TO AN OLDER HVAC SYSTEM WE EXPECT THIS TYPE OF EXPENSE TO CONTINUE UNTIL A MODERN SYSTEM IS INSTALLED.

Program 3
Expenses: $4,000 Revenue: $96,462

SCHOLARSHIPS ARE LESS THIS YEAR THAN PRIOR YEARS BECAUSE OF FEWER APPLICANTS, BUT STILL REMAIN A PRIORITY EXPENSE FOR THE FOUNDATION.

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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 $53,019
Program Service Revenue $0
Investment Income $43,443
Other Revenue $0
TOTAL REVENUE $96,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,490
Fundraising Expenses $0
Program Expenses $55,534
Other Expenses $71,952
TOTAL EXPENSES $77,442

Year-over-Year Comparison

2024 2023 Change
Revenue $96,462 $114,131 -0.2%
Expenses $77,442 $111,383 -0.3%
Net Income $19,020 $2,748 +5.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
100

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
$0
Total Directors
12
$5,100
Key Employees
1
$5,100
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBY W HAYS BUILDING MANAGER/DIRECTOR 20
Director Key Emp
$5,100 $0 $5,100
BOBBY C BARBER FIRST VP 2
Officer Director
$0 $0 $0
JOHN T PHELPS SECRETARY 4
Officer Director
$0 $0 $0
DONNIE BANKS 2ND VICE PRESIDENT 2
Officer Director
$0 $0 $0
DARRELL D DUNCAN PRESIDENT/BOARD CHAIRMAN 4
Officer Director
$0 $0 $0
STANLEY J ANDERSON TREASURER 4
Officer Director
$0 $0 $0
HAROLD ELLIOT DIRECTOR 2
Director
$0 $0 $0
RALPH MCLEMORE DIRECTOR 2
Director
$0 $0 $0
TRAVIS ROY DIRECTOR 2
Director
$0 $0 $0
WILLIAM BENDER DIRECTOR 2
Director
$0 $0 $0
WILLIAM MALTBIE DIRECTOR 2
Director
$0 $0 $0
DANIEL M VINSON TREASURER-EMERITIS 2
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 $96,462 $77,442 $939,373 $19,020
2023 $114,131 $111,383 $920,353 $2,748
2022 $100,911 $94,067 $795,281 $6,844
2021 $98,003 $52,567 $882,724 $45,436
2020 $106,733 $109,556 $837,288 $-2,823
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