ELKS NATIONAL FOUNDATION INC

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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

1928

Legal Domicile

Principal Officer

JAMES O'KELLEY III

Phone

7737554728

Tax Period

2024-04-01 to 2025-03-31

ELKS NATIONAL FOUNDATION INC, founded in 1928, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $61.6M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.1M, a strong 28% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO HELP THE BENEVOLENT AND PROTECTIVE ORDER OF ELKS OF THE UNITED STATES OF AMERICA (BPOE) BUILD STRONGER COMMUNITIES BY OFFERING COLLEGE SCHOLARSHIPS, FUNDING PROGRAMS THAT BUILD THE CHARACTER AND CONFIDENCE OF YOUTH, SERVING VETERANS, AND PROVIDING ELKS LODGES AND STATE ASSOCIATIONS WITH RESOURCES THEY NEED TO ACCOMPLISH THEIR CHARITABLE OBJECTIVES.

Program Service Accomplishments

Program 1

Expenses: $4,082,944

THE FOUNDATION PROVIDED ONE TO FOUR YEAR ACADEMIC SCHOLARSHIPS UP TO $15,000 PER YEAR TO APPROXIMATELY 3,000 INDIVIDUALS FOR THE PURPOSE OF UNDERGRADUATE OR GRADUATE EDUCATION.

Program 2

Expenses: $32,565,976

THE FOUNDATION PROVIDED GRANTS TO THE ELKS STATE ASSOCIATIONS TO HELP FUND THEIR CHARITABLE ACTIVITIES. THESE ACTIVITIES INCLUDE MEDICAL CARE AND RESEARCH, IN-HOME TREATMENT FOR CHILDREN WITH...

THE FOUNDATION PROVIDED GRANTS TO THE ELKS STATE ASSOCIATIONS TO HELP FUND THEIR CHARITABLE ACTIVITIES. THESE ACTIVITIES INCLUDE MEDICAL CARE AND RESEARCH, IN-HOME TREATMENT FOR CHILDREN WITH DISABILITIES, YOUTH CAMPS, SHELTERS FOR ABUSED WOMEN, AND STATE LEVEL PROGRAMS CONSISTENT WITH THOSE PROVIDED BY THE FOUNDATION. THE FOUNDATION PROVIDED GRANTS RANGING TO $10,000 TO HELP ELKS LODGES IMPLEMENT PROJECTS AND PROGRAMS THAT ADDRESS UNMET NEEDS IN THEIR COMMUNITIES IN LASTING AND MEANINGFUL WAYS.THE FOUNDATION PROVIDED FUNDS TO THE ELKS VETERANS SERVICE COMMISSION FOR VARIOUS PROGRAMS BENEFITING VETERANS. THE FOUNDATION ALSO PROVIDED FUNDS TO THE ELKS VETERANS MEMORIAL RESTORATION TRUST TO HELP PAY FOR NEEDED MAINTENANCE AND UPKEEP OF THE ELKS VETERAN MEMORIAL AND TO THE ELKS NATIONAL DRUG AWARENESS COMMISSION TO PURSUE THE FOUNDATION'S DRUG AWARENESS PROGRAM.

Program 3

Expenses: $1,431,804

HOOP SHOOT

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,615,044

Program Service Revenue $0

Investment Income $48,711,138

Other Revenue $274,391

TOTAL REVENUE $61,600,573

Expense Breakdown

Grants Paid $35,781,683

Salaries & Benefits $1,850,834

Fundraising Expenses $1,481,306

Program Expenses $38,080,724

Other Expenses $6,900,613

TOTAL EXPENSES $44,533,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,600,573	$37,385,570	+0.6%
Expenses	$44,533,130	$40,244,595	+0.1%
Net Income	$17,067,443	$-2,859,025	-7.0%

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

Employees

Volunteers

8500

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
MICHAEL F SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROGER R TRUE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES L NICHELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
F LOUIS SULSBERGER	ASST SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN D AMEN	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS J GRILLO	ASST TREASURER	1.00	Officer Director	$0	$0	$0
JAMES M MCQUILLAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES O'KELLEY III	DIRECTOR	40.00	Highest	$151,197	$25,174	$176,371
DEBORAH KAHLER DOLES	ASST DIRECTOR	40.00	Highest	$104,910	$16,638	$121,548

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	$61,600,573	$44,533,130	$884,971,330	$17,067,443
2024	$37,385,570	$40,244,595	$925,982,127	$-2,859,025
2023	$27,750,732	$42,597,331	$876,926,878	$-14,846,599
2022	$95,466,562	$37,180,568	$925,414,359	$58,285,994
2021	$62,047,958	$32,848,662	$936,472,552	$29,199,296
2020	$43,379,037	$29,533,298	$756,361,026	$13,845,739
2019	$68,772,020	$31,196,607	$818,675,624	$37,575,413