ILLINOIS MASONIC CHARITIES FUND (EIN 370911165) - 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

1966

Legal Domicile

Principal Officer

FRANKLIN E CLINE

Phone

2175298900

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS MASONIC CHARITIES FUND, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $28.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 52% operating margin.

Mission

TO PROVIDE AND DISPENSE CHARITY TO THE ILLINOIS MASONIC HOME AND THE ILLINOIS MASONIC CHILDREN'S HOME, BOTH BEING CHARITABLE ORGANIZATIONS CREATED AND EXISTING AS NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF ILLINOIS, AND TO OTHER WORTHY AND INDIGENT PERSONS AND ORGANIZATIONS WHICH ARE THE PROPER OBJECTS OF MASONIC CHARITY AND BENEVOLENCE, WHICH ORGANIZATIONS ARE OR HAVE BEEN CREATED WITHIN THE UNITED STATES OF AMERICA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $638,675

Program Service Revenue $0

Investment Income $27,591,843

Other Revenue $424,039

TOTAL REVENUE $28,654,557

Expense Breakdown

Grants Paid $11,426,046

Salaries & Benefits $0

Fundraising Expenses $288,270

Program Expenses $11,588,379

Other Expenses $2,407,086

TOTAL EXPENSES $13,833,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,654,557	$21,573,242	+0.3%
Expenses	$13,833,132	$3,754,789	+2.7%
Net Income	$14,821,425	$17,818,453	-0.2%

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

N/A

Volunteers

300

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

$134,400

Total Directors

$134,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LYNCH	GRAND MASTER	2.00	Officer Director	$0	$3,263	$39,516
JOSEPH FERRELL	DEPUTY GRAND MASTER	2.00	Officer Director	$0	$0	$0
ANTHONY CRACCO	GRAND TREASURER	2.00	Officer Director	$0	$415	$10,800
FRANKLIN CLINE	GRAND SECRETARY	3.00	Officer Director	$0	$7,207	$84,084
JAMES WILLIAMS	SENIOR GRAND WARDEN	1.00	Officer Director	$0	$0	$0
ANGELO DESERIO	JUNIOR GRAND WARDEN	1.00	Officer Director	$0	$0	$0
PATRICK GUBBS	SENIOR GRAND DEACON	1.00	Officer Director	$0	$0	$0
CHRISTOPHER BOTH	JUNIOR GRAND DEACON	1.00	Officer 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	$28,654,557	$13,833,132	$359,261,012	$14,821,425
2024	$21,573,242	$3,754,789	$340,336,227	$17,818,453
2023	$19,402,552	$3,403,348	$302,024,494	$15,999,204
2022	$29,251,765	$3,023,742	$273,826,563	$26,228,023
2021	$34,913,611	$1,868,319	$314,503,051	$33,045,292
2020	$1,334,947	$1,716,417	$224,500,621	$-381,470
2019	$17,429,047	$4,026,088	$220,200,631	$13,402,959
2018	$17,953,615	$3,063,009	$212,312,522	$14,890,606
2018	$17,953,615	$3,063,009	$212,312,522	$14,890,606

ILLINOIS MASONIC CHARITIES FUND