KENT ISLAND ELKS LODGE #2576

EIN: 521130392

STEVENSVILLE, MD

Total Revenue
$607,770
Total Expenses
$585,116
Total Assets
$693,219
Net Assets
$499,594
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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
1979
Legal Domicile
MD
Principal Officer
LEO A SINCAVAGE JR
Phone
4106432221
Tax Period
2024-04-01 to 2025-03-31

KENT ISLAND ELKS LODGE #2576, founded in 1979, is a small nonprofit that reported $608K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $585K left a modest 4% surplus.

Mission

TO UNITE MEMBERS IN CLOSER BOND OF FRATERNITY, PROVIDE COMMUNITY SUPPORT AND DONATIONS TO LOCAL CIVIC ORGANIZATIONS AND VERTERANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $97,234
Program Service Revenue $0
Investment Income $1,708
Other Revenue $508,828
TOTAL REVENUE $607,770

Expense Breakdown

Grants Paid $133,090
Salaries & Benefits $47,360
Fundraising Expenses $0
Other Expenses $404,666
TOTAL EXPENSES $585,116

Year-over-Year Comparison

2024 2023 Change
Revenue $607,770 $674,168 -0.1%
Expenses $585,116 $658,032 -0.1%
Net Income $22,654 $16,136 +0.4%
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
9
Independent Members
9
Employees
15
Volunteers
252

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
0
$0
Total Directors
15
$14,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE TUNNICLIFF EST. LEADING KNIGHT 2.00
Director
$0 $0 $0
RAY WILSON EXALTED RULER 2.00
Director
$0 $0 $0
LYNN EVANS EST. LECTURING KNIGHT 2.00
Director
$0 $0 $0
BERT MAISEL EST. LOYAL KNIGHT 2.00
Director
$0 $0 $0
MIKE BENSON SECRETARY 10.00
Director
$7,000 $0 $7,000
LEO SINCAVAGE TREASURER 12.00
Director
$7,000 $0 $7,000
JIMMY COX 5 YEAR TRUSTEE 2.00
Director
$0 $0 $0
RON KUNZ INNER GUARD 2.00
Director
$0 $0 $0
LOUISE EPHRAIM TILER 2.00
Director
$0 $0 $0
DOUG BISHOP CHAPLAIN 2.00
Director
$0 $0 $0
RUSTY STEELE 4 YEAR TRUSTEE 2.00
Director
$0 $0 $0
RICK FRERE 3 YEAR TRUSTEE 2.00
Director
$0 $0 $0
KIM RYBAK 2 YEAR TRUSTEE 2.00
Director
$0 $0 $0
JOHN MEYER 1 YEAR TRUSTEE 2.00
Director
$0 $0 $0
MIKE KELLY ESQUIRE 2.00
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 $607,770 $585,116 $693,219 $22,654
2024 $674,168 $658,032 $697,998 $16,136
2023 $642,775 $607,323 $672,921 $35,452
2022 $525,317 $499,495 $634,320 $25,822
2021 $350,578 $373,401 $609,477 $-22,823
2020 $456,680 $415,210 $639,891 $41,470
2019 $429,813 $406,600 $615,488 $23,213
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