GRAND LODGE OF INDIANA F & AM SCHO… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

GREGORY JORDAN

Phone

3176317599

Tax Period

2024-01-01 to 2024-12-31

GRAND LODGE OF INDIANA F & AM SCHOLARSHIP BOARD INC, founded in 1988, is a small nonprofit that reported $231K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 60% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS FOR CHILDREN OF MEMBERS OF THE MASONIC LODGES IN THE STATE OF INDIANA.

Program Service Accomplishments

Program 1

Expenses: $77,411

SCHOLARSHIP DISTRIBUTION TO STUDENTS ATTENDING POST-SECONDARY EDUCATION AT INDIANA COLLEGES OR UNIVERSITIES. CHILDREN, ADOPTED CHILDREN, OR STEPCHILDREN OF MASONS ARE GIVEN FIRST PRIORITY...

SCHOLARSHIP DISTRIBUTION TO STUDENTS ATTENDING POST-SECONDARY EDUCATION AT INDIANA COLLEGES OR UNIVERSITIES. CHILDREN, ADOPTED CHILDREN, OR STEPCHILDREN OF MASONS ARE GIVEN FIRST PRIORITY. GRANDCHILDREN OF MASONS ARE GIVEN SECONDARY PRIOPRITY. QUALIFYING STUDENTS SHOULD DEMONSTRATE ACADEMIC ACHIEVEMENT AND COMMUNITY SERVICE.

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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 $16,758

Program Service Revenue $0

Investment Income $214,668

Other Revenue $0

TOTAL REVENUE $231,426

Expense Breakdown

Grants Paid $74,337

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,411

Other Expenses $19,166

TOTAL EXPENSES $93,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,426	$113,311	+1.0%
Expenses	$93,503	$100,852	-0.1%
Net Income	$137,923	$12,459	+10.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY N JORDAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARL E CULMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFERY SAUNDERS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD L LENTZ	TREASURER (THRU JULY)	1.00	Officer Director	$0	$0	$0
C KEITH SPURGEON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES R KEATING	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL A SALZMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP C THRASHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES M HOLLON	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRENCE P ROE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT A GUTHRIE	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
2024	$231,426	$93,503	$1,377,180	$137,923
2023	$113,311	$100,852	$1,301,990	$12,459
2022	$79,740	$94,846	$1,200,505	$-15,106
2021	$168,087	$90,206	$1,513,186	$77,881
2020	$72,305	$118,707	$1,475,784	$-46,402
2019	$132,133	$101,905	$1,361,635	$30,228
2018	$101,556	$87,610	$1,180,534	$13,946

GRAND LODGE OF INDIANA F & AM SCHOLARSHIP BOARD INC