Masonic Temple Corporation of Norfolk (EIN 540631620) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Phone

7574238866

Tax Period

2024-01-01 to 2024-12-31

MASONIC TEMPLE CORPORATION OF NORFOLK, founded in 1957, is a small nonprofit in the Community Improvement sector that reported $190K in total revenue in fiscal year 2020. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $699K represent 44 months of operating reserves.

Mission

To provide building as a meeting place for members of various tax-exempt organizations

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $550

Program Service Revenue $146,308

Investment Income $8,813

Other Revenue $55,050

TOTAL REVENUE $210,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,123

Fundraising Expenses $46,290

Program Expenses $107,637

Other Expenses $160,489

TOTAL EXPENSES $225,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,721	$248,841	-0.2%
Expenses	$225,612	$244,429	-0.1%
Net Income	$-14,891	$4,412	-4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$19,623

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Anna Walker	N/A	Key Emp	$19,623	$0	$19,623
Felix Stephens	President	Officer Director	$0	$0	$0
Larry Stafford	Vice President	Officer Director	$0	$0	$0
Paul Miller	Secretary	Officer Director	$0	$0	$0
Chip Carpenter	Director	Director	$0	$0	$0
Joselito Paler	Director	Director	$0	$0	$0
Robert Ives	Director	Director	$0	$0	$0
David Adams	Director	Director	$0	$0	$0
Larry Bateman	Director	Director	$0	$0	$0
Arris Hazzis	Treasurer	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	$210,721	$225,612	$682,378	$-14,891
2023	$248,841	$244,429	$691,606	$4,412
2022	$204,561	$209,188	$680,606	$-4,627
2021	$242,878	$239,697	$714,794	$3,181
2020	$190,277	$192,619	$702,901	$-2,342

Masonic Temple Corporation of Norfolk