SCOTTISH RITE CATHEDRAL ASSOCIATION OF CHICAGO

EIN: 361749488

BLOOMINGDALE, IL

Total Revenue
$290,878
Total Expenses
$2,975,119
Total Assets
$69,946,533
Net Assets
$69,945,923
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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
1973
Legal Domicile
IL
Principal Officer
ERIC SMITH
Phone
6304393400
Tax Period
2023-08-01 to 2024-07-31

SCOTTISH RITE CATHEDRAL ASSOCIATION OF CHICAGO, founded in 1973, is a small nonprofit that reported $291K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 923% operating deficit.

Mission

DOMESTIC FRATERNAL ASSOCIATION STRENGTHEN THE MASONIC WAY OF LIFE BY IMPROVING THE INDIVIDUAL CHARACTER, LEADERSHIP AND SPIRIT OF ITS MEMBERS THROUGH RELEVANT PROGRAMS. INSPIRE MEN TO SUPPORT THE PRINCIPLES OF FREE MASONRY AND PROMOTE FAMILY AND COMMUNITY VALUES. SERVE MANKIND THROUGH THE IMPACT OF EXTENSIVE CHARITABLE OUTREACH.

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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 $0
Program Service Revenue $144,098
Investment Income $102,458
Other Revenue $44,322
TOTAL REVENUE $290,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,113
Fundraising Expenses $0
Other Expenses $2,741,006
TOTAL EXPENSES $2,975,119

Year-over-Year Comparison

2023 2022 Change
Revenue $290,878 $155,956 +0.9%
Expenses $2,975,119 $2,563,608 +0.2%
Net Income $-2,684,241 $-2,407,652 +0.1%
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
12
Independent Members
12
Employees
4
Volunteers
50

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
$0
Total Directors
14
$29,104
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW A KEPPY PRESIDENT 5.00
Officer Director
$0 $0 $0
BRANDON ZEARS COMMANDER IN CHIEF 1.00
Director
$0 $0 $0
CHAD M LACEK MEMBER 1.00
Director
$0 $0 $0
DARYL W SELOCK 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID A MARTIN LEGAL COUNCIL 1.00
Director
$0 $0 $0
KENNETH J ARMBRUSTER TREASURER 1.00
Officer Director
$0 $0 $0
KRISTEFFOR D CALDWELL ALMONER 1.00
Director
$0 $0 $0
MICHAEL W BEHM HOUSE CHAIR 5.00
Director
$0 $0 $0
REUBEN M OWENS 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT KOGUT MEMBER 1.00
Director
$0 $0 $0
BRIAN J OWEN FINANCE CHAIR 1.00
Director
$0 $0 $0
RUSSEL A SCANLAN MEMBER 1.00
Director
$0 $0 $0
JOSEPH W PEGORARO MEMBER 1.00
Director
$0 $0 $0
ERIC SMITH EXECUTIVE SECRETARY 1.00
Director
$28,142 $962 $29,104
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 $290,878 $2,975,119 $69,946,533 $-2,684,241
2023 $155,956 $2,563,608 $72,634,436 $-2,407,652
2022 $2,909,772 $2,594,321 $75,070,914 $315,451
2021 $1,741,978 $2,259,880 $74,723,920 $-517,902
2020 $3,966,877 $2,280,830 $75,250,139 $1,686,047
2019 $1,486,715 $2,424,071 $73,560,970 $-937,356
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