FREE & ACCEPTED MASONS OF INDIANA 712 MCKINLEY LODGE

EIN: 350503768

SCHERERVILLE, IN

Total Revenue
$46,772
Total Expenses
$93,385
Total Assets
$528,345
Net Assets
$528,345
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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
1923
Legal Domicile
IN
Principal Officer
DENIS C GOULET
Phone
2198644640
Tax Period
2023-12-01 to 2024-11-30

FREE & ACCEPTED MASONS OF INDIANA 712 MCKINLEY LODGE, founded in 1923, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 100% operating deficit.

Mission

THE MASONIC LODGE FUNCTIONS AS A FRATERNITY BASED ON RELIGIOUS TEACHINGS FOR THE BETTERMENT OF THE MINDS OF ITS MEMBERS AND TO PROVIDE AID TO DESTITUTE MEMBERS AND WIDOWS. TO PROVIDE CHARITABLE AND EDUCATIONAL FUNCTIONS.

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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 $26,061
Program Service Revenue $0
Investment Income $19,811
Other Revenue $900
TOTAL REVENUE $46,772

Expense Breakdown

Grants Paid $2,454
Salaries & Benefits $10,672
Fundraising Expenses $0
Other Expenses $80,259
TOTAL EXPENSES $93,385

Year-over-Year Comparison

2023 2022 Change
Revenue $46,772 $103,526 -0.5%
Expenses $93,385 $87,434 +0.1%
Net Income $-46,613 $16,092 -3.9%
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
272
Independent Members
272
Employees
3
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
3
$4,500
Total Directors
4
$4,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENIS C GOULET SECRETARY 4.00
Officer Director
$4,500 $0 $4,500
JORDAN FALLS WORSHIPFUL M 1.00
Officer Director
$0 $0 $0
GERALD HANCOCK TREASURER 1.00
Officer Director
$0 $0 $0
ELMER SIMPSON AUDIT CHAIRM 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 $46,772 $93,385 $528,345 $-46,613
2023 $103,526 $87,434 $543,344 $16,092
2022 $293,012 $48,292 $528,274 $244,720
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