North Carolina Scottish Rite Masonic Foundation Inc (EIN 566049894) - 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

1961

Legal Domicile

Principal Officer

A Gene Cobb

Phone

7043653579

Tax Period

2023-09-01 to 2024-08-31

North Carolina Scottish Rite Masonic Foundation Inc, founded in 1961, is a small nonprofit in the Mutual Benefit sector that reported $137K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $120K left a modest 12% surplus.

Mission

To provide grants to clinics in support of childhood language disorders to assist children with these disorders to overcome their disabilities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $107,925

Program Service Revenue $0

Investment Income $25,196

Other Revenue $3,431

TOTAL REVENUE $136,552

Expense Breakdown

Grants Paid $99,140

Salaries & Benefits $0

Fundraising Expenses $930

Program Expenses $99,140

Other Expenses $20,476

TOTAL EXPENSES $119,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,552	$113,600	+0.2%
Expenses	$119,616	$111,412	+0.1%
Net Income	$16,936	$2,188	+6.7%

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
Shaun Bradshaw	Director	0.00	Director	$0	$0	$0
A Gene Cobb	President	5.00	Officer Director	$0	$0	$0
Dewey Preslar	Vice President	1.00	Officer Director	$0	$0	$0
George G Kalamaras	Director	0.00	Director	$0	$0	$0
Darwin Heilman III	Secretary-Treas	10.00	Officer Director	$0	$0	$0
Berry Rigdon	Director	0.00	Director	$0	$0	$0
Asa B Buck III	Director	0.00	Director	$0	$0	$0
Robert Gresham	Vice President	1.00	Officer Director	$0	$0	$0
Earl Wells	Director	0.00	Director	$0	$0	$0
David Wicker	Director	0.00	Director	$0	$0	$0
Gilbert Bailey	Director	0.00	Director	$0	$0	$0
Russell Bridges	Director	0.00	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
2024	$136,552	$119,616	$4,475,470	$16,936
2023	$113,600	$111,412	$3,735,925	$2,188
2022	$144,518	$113,916	$3,442,624	$30,602
2021	$129,886	$155,307	$3,178,221	$-25,421
2020	$106,205	$97,627	$2,580,827	$8,578
2019	$169,893	$88,643	$2,510,850	$81,250

North Carolina Scottish Rite Masonic Foundation Inc