INDIANA MASONIC HOME FOUNDATION INC

EIN: 351091997 501(c)(3) Human Services

INDIANAPOLIS, IN

Total Revenue
$5,508,786
Total Expenses
$4,689,582
Total Assets
$92,295,772
Net Assets
$91,579,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
IN
Principal Officer
JEFFREY P ZARING
Phone
3176379582
Tax Period
2023-01-01 to 2023-12-31

INDIANA MASONIC HOME FOUNDATION INC, founded in 1935, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 170% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 15% surplus.

Mission

TO SUPPORT THE INDIANA MASONIC HOME BY HOLDING IN TRUST UNDESIGNATED ENDOWMENT FUNDS GIVEN FOR THE BENEFIT OF THE HOME, AND TO MANAGE THESE FUNDS TO ACHIEVE MAXIMUM RETURNS CONSISTENT WITH PRUDENT INVESTMENT PRACTICES.

Program Service Accomplishments

Program 1
Expenses: $3,460,948

ANNUAL DISTRIBUTION TO THE INDIANA MASONIC HOME FOR THE FRATERNAL BENEFIT AND SUPPORT OF THOSE IN THE MASONIC FAMILY WHO ARE UNABLE TO PROVIDE CARE FOR THEMSELVES.

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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 $659,190
Program Service Revenue $0
Investment Income $4,856,121
Other Revenue $-6,525
TOTAL REVENUE $5,508,786

Expense Breakdown

Grants Paid $3,460,948
Salaries & Benefits $441,050
Fundraising Expenses $444,936
Program Expenses $3,460,948
Other Expenses $787,584
TOTAL EXPENSES $4,689,582

Year-over-Year Comparison

2023 2022 Change
Revenue $5,508,786 $2,037,091 +1.7%
Expenses $4,689,582 $4,705,653 0.0%
Net Income $819,204 $-2,668,562 -1.3%
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
11
Independent Members
10
Employees
5
Volunteers
10

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
5
$95,884
Total Directors
11
$143,755
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J ELMAN BOARD MEMBER 1.00
Director
$0 $33,086 $143,755
GREGORY N JORDAN TREASURER 1.00
Officer Director
$0 $0 $0
ALEX L ROGERS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT D HEUCHAN BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFERY P ZARING PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES F MARLOWE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES L CHESNEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL R HARBAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA M CLUTTER SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL J RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
RONALD BUSKIRK BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC J VERMEULEN EXECUTIVE DIRECTOR 40.00
Officer
$91,471 $4,413 $95,884
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 $5,508,786 $4,689,582 $92,295,772 $819,204
2022 $2,037,091 $4,705,653 $81,878,945 $-2,668,562
2021 $12,316,628 $11,854,416 $99,812,829 $462,212
2020 $4,815,971 $4,669,187 $98,366,921 $146,784
2019 $6,130,094 $4,906,590 $86,798,694 $1,223,504
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