ILLINOIS SCOTTISH RITE FUND

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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

1967

Legal Domicile

Principal Officer

GREGORY L CLARK

Phone

7083350900

Tax Period

2024-04-01 to 2025-03-31

ILLINOIS SCOTTISH RITE FUND, founded in 1967, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $446K, a strong 38% operating margin.

Mission

ILLINOIS SCOTTISH RITE MASONS PROVIDE SCHOLARSHIPS TO HELP INDIVIDUALS BETTER THEMSELVES THROUGH THE PURSUIT OF KNOWLEDGE.

Program Service Accomplishments

Program 1

Expenses: $684,943 Revenue: $1,161,546

SCHOLARSHIPS PAID TO VARIOUS EDUCATIONAL INSTITUTIONS FOR HEALTH RELATED AND OTHER FIELDS.

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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 $82,079

Program Service Revenue $0

Investment Income $1,079,467

Other Revenue $0

TOTAL REVENUE $1,161,546

Expense Breakdown

Grants Paid $686,722

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $684,943

Other Expenses $28,943

TOTAL EXPENSES $715,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,161,546	$1,105,291	+0.1%
Expenses	$715,665	$684,421	+0.0%
Net Income	$445,881	$420,870	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY L CLARK	PRESIDENT	2.00	Officer Director	$0	$0	$0
G NICOLAUS GRAFF	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLES G SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
BARRY D WEER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID KELM	GENERAL COUNSEL	1.00	Director	$0	$0	$0
CRAIG KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CRACCO	DIRECTOR	1.00	Director	$0	$0	$0
DANNY LEIFEL	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
BRIAN OWEN	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ROY GROBE	DIRECTOR	1.00	Director	$0	$0	$0
EVAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
HENRY HAISCH	DIRECTOR	1.00	Director	$0	$0	$0
JOSH TOSH	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE EMERY	DIRECTOR	1.00	Director	$0	$0	$0
JOEL RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ZOELZER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ESTES	DIRECTOR	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
2025	$1,161,546	$715,665	$17,245,376	$445,881
2024	$1,105,291	$684,421	$17,164,165	$420,870
2023	$345,889	$650,944	$15,071,700	$-305,055
2022	$2,089,496	$607,534	$16,458,975	$1,481,962
2021	$1,384,780	$591,473	$15,314,868	$793,307
2020	$768,514	$577,043	$11,623,802	$191,471
2019	$642,133	$567,743	$12,822,584	$74,390