INDIANAPOLIS MASONIC TEMPLE ASSOC

EIN: 350413365

INDIANAPOLIS, IN

Total Revenue
$615,398
Total Expenses
$283,033
Total Assets
$374,112
Net Assets
$287,548
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
IN
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.

Program Service Accomplishments

Program 1

FOR OVER 100 YEARS, THE TEMPLE ASSOCIATION HAS MAINTAINED THE STRUCTURAL INTEGRITY AND HISTORY OF INDIANA FREEMASONS' HALL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
$155,187
Total Directors
5
$155,187
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDIANAPOLIS MASONIC TEMPLE ASSOC with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.