NORFOLK SCOTTISH RITE FOUNDATION I… - 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

1976

Legal Domicile

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 $33K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 52% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $3,000

THE FOUNDATION CONTRIBUTES TO THE TIDEWATER SCOTTISH RITE FOUNDATION, WHICH IN TURN, DONATES FUNDS AND SERVICES TO THE CHILDHOOD LANGUAGE PROGRAM AT OLD DOMINION UNIVERSITY.

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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 $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

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

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

Total Directors

Key Employees

Highest Compensated

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

NORFOLK SCOTTISH RITE FOUNDATION INC