MINNESOTA MASONIC CHARITIES (EIN 411495325) - 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

1983

Legal Domicile

Principal Officer

ERIC J NEETENBEEK

Phone

9529487000

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MASONIC CHARITIES, founded in 1983, is a small nonprofit in the Human Services sector that reported $839K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 629% operating deficit.

Mission

SUPPORT, PLANNING, AND SUPERVISION OF AFFILIATED 501(C)(3) EXEMPT ORGANIZATIONS

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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 $754,280

Program Service Revenue $0

Investment Income $0

Other Revenue $84,675

TOTAL REVENUE $838,955

Expense Breakdown

Grants Paid $3,232,078

Salaries & Benefits $1,977,365

Fundraising Expenses $423,540

Program Expenses $3,232,078

Other Expenses $903,816

TOTAL EXPENSES $6,113,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$838,955	$1,430,555	-0.4%
Expenses	$6,113,259	$5,514,044	+0.1%
Net Income	$-5,274,304	$-4,083,489	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

$714,689

Total Directors

Key Employees

$388,270

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC J NEETENBEEK	PRESIDENT/CEO - CHARITIES	40.00	Officer	$430,564	$34,208	$464,772
JOHN SCHWIETZ	COO - CHARITIES	36.00	Key Emp	$356,108	$32,162	$388,270
SUE MORK	CFO - CHARITIES	36.00	Officer	$224,702	$25,215	$249,917
LAUREN HAUTER	DIRECTOR OF MARKETING AND COMMUNICATIONS	40.00	Highest	$132,861	$15,995	$148,856
MARCUS MUELLER	FUND DEVELOPMENT MANAGER	40.00	Highest	$122,907	$18,443	$141,350
PAUL C HIMMLER	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN L COOK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY A HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN R JOHNSON	SECRETARY	1.00	Director	$0	$0	$0
SHARON BARLOW	WORTHY GRAND MATRON	1.00	Director	$0	$0	$0
DAYTON L BERG	GRAND MASTER	1.00	Director	$0	$0	$0
BARBARA BRIHN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L DARLING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT S DAVIS	SENIOR GRAND WARDEN	1.00	Director	$0	$0	$0
ROBERT L FENDLER	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
TONY R KRALL	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
G ROGER MCNEAR III	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
DAVID E OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H PROCTOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S ROSENZWEIG	DIRECTOR	1.00	Director	$0	$0	$0
FOSTER SOLEM	DEPUTY GRAND MASTER	1.00	Director	$0	$0	$0
DAVID S WETHING	DIRECTOR	1.00	Director	$0	$0	$0
PAM J WILLETTE	DIRECTOR (THRU APRIL 2023)	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
2024	No data	No data	No data	No data
2023	$838,955	$6,113,259	$15,431,114	$-5,274,304
2022	$1,430,555	$5,514,044	$16,075,960	$-4,083,489
2021	$2,476,347	$5,084,051	$12,657,081	$-2,607,704
2020	$1,162,289	$33,270,233	$10,993,088	$-32,107,944
2019	$1,326,056	$4,414,048	$9,957,293	$-3,087,992
2018	$1,888,747	$8,452,773	$7,580,799	$-6,564,026

MINNESOTA MASONIC CHARITIES