MINNESOTA MASONIC CHARITIES FUNDS

EIN: 411495321 501(c)(3) Human Services

BLOOMINGTON, MN

Total Revenue
$10,601,402
Total Expenses
$908,466
Total Assets
$146,977,341
Net Assets
$137,370,158
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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
1983
Legal Domicile
MN
Principal Officer
ERIC J NEETENBEEK
Phone
9529487000
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA MASONIC CHARITIES FUNDS, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $10.6M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9.7M, a strong 91% operating margin.

Mission

TO MANAGE AND ADMINISTER INVESTMENTS FOR ITS AFFILIATES.

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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 $0
Investment Income $10,588,489
Other Revenue $12,913
TOTAL REVENUE $10,601,402

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $538,298
Other Expenses $908,466
TOTAL EXPENSES $908,466

Year-over-Year Comparison

2023 2022 Change
Revenue $10,601,402 $15,393,788 -0.3%
Expenses $908,466 $1,020,825 -0.1%
Net Income $9,692,936 $14,372,963 -0.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
6
$721,636
Total Directors
9
$0
Key Employees
1
$381,323
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK A CAMPBELL CHAIR 1.00
Officer Director
$0 $0 $0
DAVID S WETHING VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN R JOHNSON TREASURER 1.00
Officer Director
$0 $0 $0
PAUL C HIMMLER SECRETARY 1.00
Officer Director
$0 $0 $0
DOUGLAS J CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
JOHN L COOK DIRECTOR 1.00
Director
$0 $0 $0
PAUL HODNEFIELD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT L FENDLER DIRECTOR (THRU APRIL 2023) 1.00
Director
$0 $0 $0
GREGORY J LANE DIRECTOR (THRU APRIL 2023) 1.00
Director
$0 $0 $0
ERIC J NEETENBEEK PRESIDENT/CEO-FUNDS 4.00
Officer
$0 $34,208 $464,772
SUE MORK CFO-CHARITIES 4.00
Officer
$0 $32,162 $256,864
JOHN SCHWEITZ CEO-CHARITIES 4.00
Key Emp
$0 $25,215 $381,323
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 $10,601,402 $908,466 $146,977,341 $9,692,936
2022 $15,393,788 $1,020,825 $142,490,325 $14,372,963
2021 $15,966,548 $1,107,710 $189,733,075 $14,858,838
2020 $10,999,898 $982,351 $172,347,373 $10,017,547
2019 $7,885,107 $1,020,971 $163,485,058 $6,864,136
2018 $7,584,154 $1,042,035 $144,758,252 $6,542,119
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