Masonic Temple Association of Gran… - Form 990 Financial Data

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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

1906

Legal Domicile

Principal Officer

Robert Cooper

Tax Period

2023-01-01 to 2023-12-31

Masonic Temple Association of Grand Rapids MI, founded in 1906, is a small nonprofit that reported $862K in total revenue in fiscal year 2023. Expenses of $820K left a modest 5% surplus.

Mission

Holding title to property and collecting income for the benefit of Michigan Masonic organizations.

Program Service Accomplishments

Program 1

Expenses: $736,306 Revenue: $847,688

501(C)2 organization for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the net income to an exempt organization, namely the Masons.

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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 $0

Program Service Revenue $847,688

Investment Income $13,420

Other Revenue $516

TOTAL REVENUE $861,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,812

Fundraising Expenses $0

Program Expenses $736,306

Other Expenses $537,772

TOTAL EXPENSES $819,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,624	$829,536	+0.0%
Expenses	$819,584	$818,398	+0.0%
Net Income	$42,040	$11,138	+2.8%

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

Volunteers

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
John Boluyt	Trustee	1.00	Director	$0	$0	$0
Bruce Rice	Trustee	1.00	Director	$0	$0	$0
Ron Hessman	Trustee	1.00	Director	$0	$0	$0
Robert Cooper	President	2.00	Officer Director	$0	$0	$0
F Ted Praria	Secretary	2.00	Officer Director	$0	$0	$0
Kyle Brethauer	Treasurer	2.00	Officer Director	$0	$0	$0
Mark Whitman	Vice President	2.00	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
2024	No data	No data	No data	No data
2023	$861,624	$819,584	$1,357,873	$42,040
2022	$829,536	$818,398	$1,316,539	$11,138
2021	$769,764	$806,922	$1,318,598	$-37,158
2020	$715,265	$710,716	$1,347,945	$4,549
2019	$695,190	$687,551	$1,364,045	$7,639
2018	$731,206	$695,610	$1,391,001	$35,596

Masonic Temple Association of Grand Rapids MI