SCOTTISH RITE BUILDING ASSOCIATION… - Form 990 Financial Data

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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

1922

Principal Officer

KURT LARSON

Phone

8504840801

Tax Period

2024-01-01 to 2024-12-31

SCOTTISH RITE BUILDING ASSOCIATION INC, founded in 1922, is a micro nonprofit that reported $83 in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 37216% operating deficit.

Mission

THE CORPORATION HOLDS TITLE TO, AND MAINTAINS, THE BUILDING USED FOR THE ACTIVITIES OF PENSACOLA SCOTTISH RITE BODIES, A 501(C)(10) ORGANIZATION, FEIN 59-0134480

Program Service Accomplishments

Program 1

PROVIDED MEETING FACILITIES AND ADMINISTRATIVE OFFICE FACILITIES FOR PENSACOLA SCOTTISH RITE BODIES. OTHER MASONIC ORGANIZATIONS, INCLUDING PENSACOLA YORK RITE AND PENSACOLA LODGE 42, ARE ALLOWED TO...

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $83

TOTAL REVENUE $83

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $30,972

TOTAL EXPENSES $30,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83	$16,494	-1.0%
Expenses	$30,972	$38,116	-0.2%
Net Income	$-30,889	$-21,622	+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

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
RONALD PARKS	MEMBER	N/A	Director	$0	$0	$0
DAVID WHITE	MEMBER	N/A	Director	$0	$0	$0
ROGER D WHITE	MEMBER	N/A	Director	$0	$0	$0
JAMES KICKLITER	TREASURER	N/A	Officer	$0	$0	$0
KURT LARSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
EUGENE B ROSENBAUM	PRESIDENT	N/A	Officer	$0	$0	$0
JIM SALISBURY	SECRETARY	N/A	Officer	$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	$83	$30,972	$1,003,512	$-30,889
2023	$16,494	$38,116	$1,034,484	$-21,622
2022	$18,663	$51,012	$1,404,472	$-32,349
2021	$37,766	$73,296	$1,517,846	$-35,530
2020	$33,410	$61,876	$1,540,340	$-28,466
2019	$21,276	$86,429	$1,534,465	$-65,153

SCOTTISH RITE BUILDING ASSOCIATION INC