NORFOLK SCOTTISH RITE FOUNDATION INC

EIN: 510198084 501(c)(3)

CHESAPEAKE, VA

Total Revenue
$33,195
Total Expenses
$16,027
Total Assets
$899,885
Net Assets
$899,885
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Principal Officer
RALPH CLARK
Phone
7574891076
Tax Period
2023-06-01 to 2024-05-31

NORFOLK SCOTTISH RITE FOUNDATION INC, founded in 1976, is a micro nonprofit that reported $92K in total revenue in fiscal year 2019. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 87% operating margin.

Mission

TO PROVIDE SUPPORT FOR VARIOUS SCOTTISH RITE HEALTH AND WELFARE ACTIVITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $334
Program Service Revenue $0
Investment Income $32,861
Other Revenue $0
TOTAL REVENUE $33,195

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,000
Other Expenses $13,027
TOTAL EXPENSES $16,027

Year-over-Year Comparison

2023 2022 Change
Revenue $33,195 $88,016 -0.6%
Expenses $16,027 $22,709 -0.3%
Net Income $17,168 $65,307 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP JAY TAYLOR SR PRESIDENT N/A
Officer Director
$0 $0 $0
RALPH CLARK TREASURER N/A
Officer Director
$0 $0 $0
PHIL WILLIAMS TRUSTEE N/A
Director
$0 $0 $0
ROBERT KAYLOR TRUSTEE N/A
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 No data No data No data No data
2024 $33,195 $16,027 $899,885 $17,168
2023 $88,016 $22,709 $805,717 $65,307
2022 $96,979 $17,546 $826,445 $79,433
2021 $96,019 $9,808 $917,331 $86,211
2020 $92,340 $11,723 $709,500 $80,617
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