INDIANAPOLIS SCOTTISH RITE CATHEDRAL FOUNDATION INC (EIN 311109456) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

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.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$105,181

Total Directors

$105,181

Key Employees

Highest Compensated

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

INDIANAPOLIS SCOTTISH RITE CATHEDRAL FOUNDATION INC