GRAND LODGE OF INDIANA F & AM SCHOLARSHIP BOARD INC

EIN: 311225899 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$231,426
Total Expenses
$93,503
Total Assets
$1,377,180
Net Assets
$1,377,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IN
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.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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