PORT HURON ELKS LODGE 343 (EIN 380341616) - 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

1895

Legal Domicile

Principal Officer

GARY NESBITT II

Phone

8109828531

Tax Period

2024-04-01 to 2025-03-31

PORT HURON ELKS LODGE 343, founded in 1895, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Net assets of $3.0M represent 26 months of operating reserves.

Mission

FRATERNAL ORGANIZATION FOR THE BENEFIT OF ITS MEMBERS AND SUPPORT OF THE COMMUNITY

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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 $226,767

Program Service Revenue $0

Investment Income $7,067

Other Revenue $1,154,979

TOTAL REVENUE $1,388,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $856,930

Fundraising Expenses $0

Other Expenses $646,960

TOTAL EXPENSES $1,503,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,388,813	$1,404,524	0.0%
Expenses	$1,503,890	$1,507,662	0.0%
Net Income	$-115,077	$-103,138	+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

934

Employees

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

$1,477

Total Directors

$1,477

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY THIBODEAU	3RD YEAR TRUSTEE	5.00	Officer Director	$0	$0	$0
GARY NEXBITT II	EXALTED RULER	20.00	Officer Director	$0	$0	$0
GREG HUDY	SECRETARY	20.00	Officer Director	$809	$0	$809
JOHN CUTHBERTSON	LEADING KNIGHT	5.00	Officer Director	$0	$0	$0
GREG SHANNON	5TH YEAR TRUSTEE	5.00	Officer Director	$0	$0	$0
JOHN WOOLMAN IV	LOYAL KNIGHT	5.00	Officer Director	$0	$0	$0
JOE MILLER	TREASURER	5.00	Officer Director	$668	$0	$668
SHAWN EAGLE	1 YEAR TRUSTEE	5.00	Officer Director	$0	$0	$0
GERALD GOODWIN	4TH YEAR TRUSTEE	5.00	Officer Director	$0	$0	$0
GARY OSBURN	2ND YEAR TRUSTEE	5.00	Officer Director	$0	$0	$0
LISA HAREMZA	LECTURING KNIGHT	5.00	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	$1,388,813	$1,503,890	$3,235,587	$-115,077
2024	$1,404,524	$1,507,662	$3,352,617	$-103,138
2023	$1,179,195	$1,333,943	$3,493,383	$-154,748
2023	$1,179,195	$1,333,943	$3,508,251	$-154,748
2022	$906,141	$935,083	$3,417,083	$-28,942
2020	$830,992	$817,703	$836,035	$13,289
2019	$755,601	$846,218	$829,153	$-90,617

PORT HURON ELKS LODGE 343