The Independent Order of Oddfellows Sovereign Grand Lodge

EIN: 520363509

Winston Salem, NC

Total Revenue
$1,800,279
Total Expenses
$1,399,070
Total Assets
$19,843,681
Net Assets
$19,267,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
Terry L Barrett
Phone
3367255955
Tax Period
2023-09-01 to 2024-08-31

The Independent Order of Oddfellows Sovereign Grand Lodge, founded in 2015, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $401K, a strong 22% operating margin.

Mission

To provide benefits to members under lodge system and to improve and elevate the character of members through friendship, love and truth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,099,225
Program Service Revenue $0
Investment Income $627,093
Other Revenue $73,961
TOTAL REVENUE $1,800,279

Expense Breakdown

Grants Paid $167,787
Salaries & Benefits $372,563
Fundraising Expenses $0
Program Expenses $1,374,864
Other Expenses $858,720
TOTAL EXPENSES $1,399,070

Year-over-Year Comparison

2023 2022 Change
Revenue $1,800,279 $1,606,825 +0.1%
Expenses $1,399,070 $1,447,976 0.0%
Net Income $401,209 $158,849 +1.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
6
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
6
$71,403
Total Directors
6
$71,403
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry L Barrett SOV Grand Secretary 40.00
Officer Director
$63,903 $0 $63,903
Harrell D Ward Jr SOV Grand Treasurer 10.00
Officer Director
$7,500 $0 $7,500
Thomas J Calabrese SOV Grand Warden 10.00
Officer Director
$0 $0 $0
Michelle L Heckardt Past SOV Grand Master 5.00
Officer Director
$0 $0 $0
John S Cupp Jr SOV Grand Master 10.00
Officer Director
$0 $0 $0
Gerald W Workman Dep SOV Grand Master 10.00
Officer 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 $1,800,279 $1,399,070 $19,843,681 $401,209
2023 $1,606,825 $1,447,976 $18,459,599 $158,849
2022 $1,899,547 $1,330,744 $11,435,901 $568,803
2022 $2,267,497 $1,551,935 $18,309,056 $715,562
2021 $2,368,095 $1,142,149 $18,851,421 $1,225,946
2021 $2,319,443 $1,132,631 $18,666,497 $1,186,812
2020 $2,903,563 $1,105,792 $17,497,156 $1,797,771
2019 $1,996,623 $1,970,679 $15,758,759 $25,944
2018 $2,688,174 $1,442,123 $15,763,818 $1,246,051
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