Frederick Elks Home Association Inc (EIN 520318980) - 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

1925

Legal Domicile

Principal Officer

Ian McNitt

Phone

3016398829

Tax Period

2024-04-01 to 2025-03-31

Frederick Elks Home Association Inc, founded in 1925, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue surged 142% from the prior year, signaling strong growth momentum. Expenses of $76K exceeded revenue, resulting in a 48% operating deficit.

Mission

Organization is the lessor of real estate to Frederick Lodge 684 BPO Elks of USA Inc, a 501 c8 entity

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $206

Other Revenue $51,000

TOTAL REVENUE $51,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $76,033

TOTAL EXPENSES $76,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,206	$21,195	+1.4%
Expenses	$76,033	$148,025	-0.5%
Net Income	$-24,827	$-126,830	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ian McNitt	President	1.00	Officer	$0	$0	$0
Robert Staley	Vice President	1.00	Officer	$0	$0	$0
Karen McNitt	Treasurer/Secretary	1.00	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	$51,206	$76,033	$811,227	$-24,827
2024	$21,195	$148,025	$836,053	$-126,830
2023	$-11,847	No data	$961,973	No data
2022	$23,023	No data	$973,819	No data
2021	$-21,316	No data	$950,797	No data
2020	$-9,317	$33,053	$972,113	$-42,370
2019	$-4,190	$34,181	$1,014,483	$-38,371

Frederick Elks Home Association Inc