MASONIC BUILDING CORPORATION

EIN: 450162161

GRAND FORKS, ND

Total Revenue
$376
Total Expenses
$9,437
Total Assets
$1,008,029
Net Assets
$1,007,984
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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
1913
Legal Domicile
ND
Principal Officer
GEOFF BENGTSON
Phone
7017721125
Tax Period
2025-01-01 to 2025-12-31

MASONIC BUILDING CORPORATION, founded in 1913, is a micro nonprofit that reported $376 in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 2410% operating deficit.

Mission

TO PROVIDE SERVICES FOR MASONIC FRATERNAL 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $16,289
Program Service Revenue $0
Investment Income $11,729
Other Revenue $-27,642
TOTAL REVENUE $376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,437
TOTAL EXPENSES $9,437

Year-over-Year Comparison

2025 2024 Change
Revenue $376 $63,882 -1.0%
Expenses $9,437 $9,421 +0.0%
Net Income $-9,061 $54,461 -1.2%
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
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ADAMS DIRECTOR 2.00
Director
$0 $0 $0
CHARLES HILES DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER R LARSON DIRECTOR 2.00
Director
$0 $0 $0
GREG BRYSON PRESIDENT 2.00
Officer Director
$0 $0 $0
CHARLES R HIGGS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BROOKE ANNE NAUGHTON SECRETARY 2.00
Officer Director
$0 $0 $0
LONNIE W KVASAGER DIRECTOR 2.00
Director
$0 $0 $0
ALEX GORES DIRECTOR 2.00
Director
$0 $0 $0
GEOFF BENGTSON TREASURER 2.00
Officer
$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 $376 $9,437 $1,008,029 $-9,061
2024 No data No data No data No data
2023 $83,482 $9,349 $969,106 $74,133
2022 $13,654 $9,199 $827,131 $4,455
2021 $4,650 $9,123 $772,733 $-4,473
2020 $14,863 $7,364 $771,766 $7,499
2019 $5,890 $7,889 $761,424 $-1,999
2018 $2,432 $7,338 $758,652 $-4,906
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