THE NORTH CAROLINA MASONIC FOUNDATION INC (EIN 566049500) - 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

1929

Legal Domicile

Principal Officer

GEORGE MARUT

Phone

9197872021

Tax Period

2024-01-01 to 2024-12-31

THE NORTH CAROLINA MASONIC FOUNDATION INC, founded in 1929, is a community nonprofit in the Mutual Benefit sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

TO RECEIVE DONATIONS AND DISTRIBUTE ALL INCOME TO CHARITABLE ORGANIZATIONS.

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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 $1,971,384

Program Service Revenue $0

Investment Income $959,316

Other Revenue $-1,156

TOTAL REVENUE $2,929,544

Expense Breakdown

Grants Paid $1,878,160

Salaries & Benefits $391,981

Fundraising Expenses $464,612

Program Expenses $1,960,073

Other Expenses $254,722

TOTAL EXPENSES $2,524,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,929,544	$1,705,404	+0.7%
Expenses	$2,524,863	$2,467,129	+0.0%
Net Income	$404,681	$-761,725	-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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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

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

$104,779

Total Directors

$104,779

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JONATHAN UNDERWOOD	GRAND SECRETARY	Officer Director	$0	$13,264	$104,779
BENJAMIN CRISSMAN	SECRETARY	Officer Director	$0	$0	$0
LEWIS R LEDFORD	TREASURER	Officer Director	$0	$0	$0
JOHN E BURNS	CHAIRMAN	Officer Director	$0	$0	$0
MICHAEL REGISTER	MEMBER - BOD	Director	$0	$0	$0
DAN C RICE	MEMBER - BOD	Director	$0	$0	$0
ROBERT E GRESHAM JR	MEMBER - BOD	Director	$0	$0	$0
LEONARD Y SAFRIT JR	MEMBER - BOD	Director	$0	$0	$0
MICHAEL A FAULKENBURY	MEMBER-BOD	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	$2,929,544	$2,524,863	$29,606,861	$404,681
2023	$1,705,404	$2,467,129	$25,710,421	$-761,725
2022	$1,609,207	$2,027,297	$23,248,960	$-418,090
2021	$2,708,508	$3,203,899	$28,610,068	$-495,391
2020	$896,828	$2,919,933	$25,803,871	$-2,023,105
2019	$1,315,307	$4,091,261	$25,902,774	$-2,775,954
2018	$1,479,454	$2,288,252	$25,838,561	$-808,798

THE NORTH CAROLINA MASONIC FOUNDATION INC