LORAIN LODGE 1301 BENEV AND PROTORDER OF ELKS OF THE UNITED STATES OF AMERICA (EIN 340093820) - 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

1913

Legal Domicile

Principal Officer

NORA A SCHRENKEL

Phone

4402456313

Tax Period

2024-04-01 to 2025-03-31

LORAIN LODGE 1301 BENEV AND PROTORDER OF ELKS OF THE UNITED STATES OF AMERICA, founded in 1913, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 19% operating margin.

Mission

TO PROMOTE BROTHERHOOD AMOUNGST BROTHER ELKS AND RAISE MONEY FOR CHARITY

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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 $0

Program Service Revenue $56,806

Investment Income $321

Other Revenue $516,010

TOTAL REVENUE $573,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,941

Fundraising Expenses $0

Other Expenses $428,773

TOTAL EXPENSES $462,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,137	$407,220	+0.4%
Expenses	$462,714	$311,172	+0.5%
Net Income	$110,423	$96,048	+0.1%

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

N/A

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

$11,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	HEAD OF TRUSTEES	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	ADVISOR	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	ORGANIST	0.00		$0	$0	$0
N/A	CHAPLIN	0.00		$0	$0	$0
N/A	TILER	0.00		$0	$0	$0
N/A	INNER GUARD	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	ESQUIRE	0.00		$0	$0	$0
BARBARA SZALAY	EXALTED RULER	0.00	Officer	$0	$0	$0
DAN GROSS JR	LECTURING KNIGHT	0.00	Officer	$0	$0	$0
MELISA SCHAFFER	TREASURER	8.00	Officer	$5,600	$0	$5,600
NORA SCHRENKEL	SECRETARY	8.00	Officer	$5,600	$0	$5,600
SEAN BURNETT	ESTEEMED LOYAL KNIGHT	0.00	Officer	$0	$0	$0
SETH SHILLING	LEADING KNIGHT	0.00	Officer	$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	$573,137	$462,714	$516,044	$110,423
2024	$407,220	$311,172	$405,227	$96,048
2023	$304,041	$233,316	$309,179	$70,725
2022	$162,118	$151,688	$238,303	$10,430
2021	$146,739	$108,714	$227,785	$38,025

LORAIN LODGE 1301 BENEV AND PROTORDER OF ELKS OF THE UNITED STATES OF AMERICA