INDIANA MASONIC HOME INC (EIN 352187477) - 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

2003

Legal Domicile

Principal Officer

MIKE SPENCER

Phone

3177366141

Tax Period

2023-01-01 to 2023-12-31

INDIANA MASONIC HOME INC, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.8M, a strong 30% operating margin.

Mission

TO SERVE THE CHARITABLE PURPOSE OF OPERATING THE CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS THE INDIANA MASONIC HOME IN FRANKLIN, INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,088,892

Program Service Revenue $10,372,292

Investment Income $940,954

Other Revenue $378,972

TOTAL REVENUE $15,781,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,432,065

Fundraising Expenses $0

Program Expenses $7,367,437

Other Expenses $5,539,565

TOTAL EXPENSES $10,971,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,781,110	$14,415,364	+0.1%
Expenses	$10,971,630	$10,708,732	+0.0%
Net Income	$4,809,480	$3,706,632	+0.3%

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

407

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

$529,062

Total Directors

$235,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J ELMAN	GRAND SECRETARY	1.00	Officer Director	$0	$33,086	$143,755
ERIC J VERMEULEN	BOARD MEMBER	1.00	Director	$0	$0	$91,471
GARY W BRINLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CONSTANCE BRANIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD L BUSKIRK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD L LENTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN BATES	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL E CULMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL H DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DON R REYNOLDS II	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY B MAPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN A BATES	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM STRANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN DOUGLAS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH CROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN BILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SPENCER	CEO	40.00	Officer	$230,198	$19,140	$249,338
MARDENA MCGLACKEN	CFO	40.00	Officer	$124,974	$10,995	$135,969
WILLIAM PIERCE	ADMINISTRATOR	40.00	Highest	$172,990	$19,944	$192,934
SARAH BRUNER	REGISTERED NURSE	40.00	Highest	$172,919	$11,982	$184,901
BETHANY GALLION	HUMAN RESOURCE DIRECTOR	40.00	Highest	$113,501	$14,899	$128,400
JENNIFER STEPHENS	REGISTERED NURSE	40.00	Highest	$115,865	$13,588	$129,453
MARISSA MEAHL	DIRECTOR OF NURSHING	40.00	Highest	$145,947	$685	$146,632

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	$15,781,110	$10,971,630	$113,016,503	$4,809,480
2022	$14,415,364	$10,708,732	$101,048,272	$3,706,632
2021	$22,480,382	$10,454,576	$118,593,961	$12,025,806
2020	$16,702,873	$13,304,382	$115,983,648	$3,398,491
2019	$13,328,110	$12,655,920	$100,286,234	$672,190
2018	$27,080,777	$12,020,321	$114,250,246	$15,060,456

INDIANA MASONIC HOME INC