INDIANAPOLIS SCOTTISH RITE CATHEDRAL FOUNDATION INC

EIN: 311109456 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$1,075,313
Total Expenses
$815,955
Total Assets
$12,431,184
Net Assets
$12,312,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IN
Principal Officer
TOM FALLIS
Phone
3172623100
Tax Period
2024-05-01 to 2025-04-30

INDIANAPOLIS SCOTTISH RITE CATHEDRAL FOUNDATION INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $259K, a strong 24% operating margin.

Mission

TO RAISE AND EXPEND FUNDS TO BE USED FOR MAJOR RENOVATION TO THE SCOTTISH RITE CATHEDRAL IN ORDER TO CONSERVE ITS PRESENT HISTORIC APPEARANCE.

Program Service Accomplishments

Program 1
Expenses: $311,471

REPAIRS AND RENOVATIONS TO SCOTTISH RITE CATHEDRAL THEATER AND AUDITORIUM.

Program 2
Expenses: $81,931

MAKING CHARITABLE GRANTS TO QUALIFYING COMMUNITY ORGANIZATIONS INCLUDING FUNDS FOR MANAGEMENT AND OPERATION OF A LEARNING CENTER FOR DYSLEXIC CHILDREN.

Program 3
Expenses: $6,000

MAKING SCHOLARSHIPS FOR MEMBERS AND THEIR FAMILIES ATTENDING QUALIFYING INSTITUTIONS.

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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 $289,845
Program Service Revenue $0
Investment Income $785,468
Other Revenue $0
TOTAL REVENUE $1,075,313

Expense Breakdown

Grants Paid $254,702
Salaries & Benefits $269,677
Fundraising Expenses $271,106
Program Expenses $399,402
Other Expenses $291,576
TOTAL EXPENSES $815,955

Year-over-Year Comparison

2024 2023 Change
Revenue $1,075,313 $1,273,107 -0.2%
Expenses $815,955 $828,728 0.0%
Net Income $259,358 $444,379 -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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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
$105,181
Total Directors
6
$105,181
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM FALLIS PRESIDENT 4.00
Officer Director
$0 $1,349 $105,181
DAVID A CLAYTON CHAIRMAN 4.00
Officer Director
$0 $0 $0
ROBERT SPEARS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DON R REYNOLDS TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT D HEUCHAN SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN SONAFRANK BOARD MEMBER 1.00
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
2025 $1,075,313 $815,955 $12,431,184 $259,358
2024 $1,273,107 $828,728 $12,125,248 $444,379
2023 $436,581 $739,764 $10,920,789 $-303,183
2022 $455,771 $862,267 $4,167,242 $-406,496
2021 $3,173,525 $567,342 $5,248,419 $2,606,183
2020 $434,433 $585,363 $3,694,832 $-150,930
2019 $573,461 $363,507 $4,126,936 $209,954
2018 $386,667 $441,307 $3,984,749 $-54,640
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