MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC

EIN: 311756851 501(c)(3) Housing & Shelter

MASONIC HOME, KY

Total Revenue
$414,261
Total Expenses
$1,301,049
Total Assets
$8,686,374
Net Assets
$-7,470,959
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
KY
Principal Officer
TODD LACY
Phone
5028974907
Tax Period
2023-01-01 to 2023-12-31

MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $414K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 214% operating deficit.

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR SENIOR CITIZENS OF THE COMMUNITY AND, SPECIFICALLY, THE ERECTION, CONSTRUCTION, MAINTENANCE AND OPERATION OF A RETIREMENT HOME AT TAYLOR MILL, KENTON COUNTY, KENTUCKY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $413,751
Investment Income $0
Other Revenue $510
TOTAL REVENUE $414,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,297
Fundraising Expenses $0
Program Expenses $986,030
Other Expenses $1,262,752
TOTAL EXPENSES $1,301,049

Year-over-Year Comparison

2023 2022 Change
Revenue $414,261 $369,496 +0.1%
Expenses $1,301,049 $1,062,325 +0.2%
Net Income $-886,788 $-692,829 +0.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
6
$929,999
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD ARMSTRONG CHAIRMAN 0.80
Officer Director
$0 $0 $0
TERRY BOWMAN VICE CHAIRMAN 0.80
Officer Director
$0 $0 $0
RON CAUGHRON TREASURER 0.80
Officer Director
$0 $0 $0
MARK H GALLOWAY SECRETARY 0.80
Officer Director
$0 $0 $0
TIMOTHY SANDERS DIRECTOR 0.80
Director
$0 $0 $0
RICHARD SHORT DIRECTOR 0.80
Director
$0 $0 $0
E DARREN WILSON DIRECTOR 0.80
Director
$0 $0 $0
TODD LACY PRESIDENT 2.00
Officer
$0 $30,282 $474,592
J SCOTT JUDY CEO 2.00
Officer
$0 $11,097 $455,407
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 No data No data No data No data
2023 $414,261 $1,301,049 $8,686,374 $-886,788
2022 $369,496 $1,062,325 $8,993,036 $-692,829
2021 $417,546 $1,021,948 $8,993,711 $-604,402
2020 $379,577 $987,996 $9,204,744 $-608,419
2019 $302,105 $1,104,783 $9,462,698 $-802,678
2018 $314,270 $1,079,653 $9,710,779 $-765,383
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