INDIANAPOLIS MASONIC TEMPLE ASSOC (EIN 350413365) - 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

1905

Legal Domicile

Principal Officer

BILL SASSMAN

Phone

3176351657

Tax Period

2024-04-01 to 2025-03-31

INDIANAPOLIS MASONIC TEMPLE ASSOC, founded in 1905, is a small nonprofit that reported $615K in total revenue in fiscal year 2024. Revenue surged 521% from the prior year, signaling strong growth momentum. The organization ran a surplus of $332K, a strong 54% operating margin.

Mission

THE TEMPLE ASSOCIATION MAINTAINS, PRESERVES AND MANAGES THE BUILDING LOCATED AT 525 N. ILLINOIS STREET, COMMONLY REFERRED TO AS INDIANA FREEMASONS' HALL.

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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 $95,093

Investment Income $513

Other Revenue $519,792

TOTAL REVENUE $615,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,476

Fundraising Expenses $0

Other Expenses $259,557

TOTAL EXPENSES $283,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,398	$99,144	+5.2%
Expenses	$283,033	$131,409	+1.2%
Net Income	$332,365	$-32,265	-11.3%

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

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

$155,187

Total Directors

$155,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC VERMEULEN	TREASURER	0.25	Officer Director	$0	$0	$0
CARL CULMANN	VICE-PRESIDENT	0.25	Officer Director	$0	$0	$0
RICHARD J ELMAN	SECRETARY	0.25	Officer Director	$0	$41,474	$155,187
WILLIAM SASSMAN	PRESIDENT	0.25	Officer Director	$0	$0	$0
DANIEL MARTIN	DIRECTOR	0.25	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	$615,398	$283,033	$374,112	$332,365
2024	$99,144	$131,409	$46,001	$-32,265
2023	$255,901	$280,028	$54,218	$-24,127
2022	$250,872	$263,494	$33,085	$-12,622
2021	$237,190	$216,155	$70,767	$21,035
2020	$256,130	$290,451	$66,538	$-34,321
2019	$290,784	$270,576	$123,905	$20,208
2018	$304,322	$280,201	$134,183	$24,121

INDIANAPOLIS MASONIC TEMPLE ASSOC