MASONIC TEMPLE ASSOCIATION OF LEXINGTON KENTUCKY INC (EIN 610391324) - 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

1971

Legal Domicile

Principal Officer

DEREK PHELPS

Phone

8592241111

Tax Period

2023-01-01 to 2023-12-31

MASONIC TEMPLE ASSOCIATION OF LEXINGTON KENTUCKY INC, founded in 1971, is a small nonprofit that reported $101K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $125K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDES FOR AND MAINTAINS THE FACILITIES THAT THE SHAREHOLDERS, ALL FRATERNAL ORGANIZATIONS UNDER SECTION 501(C)(10), USE FOR THEIR EXEMPT PURPOSES.

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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 $0

Program Service Revenue $33,656

Investment Income $61,428

Other Revenue $6,300

TOTAL REVENUE $101,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,033

TOTAL EXPENSES $125,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,384	$61,375	+0.7%
Expenses	$125,033	$171,914	-0.3%
Net Income	$-23,649	$-110,539	-0.8%

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

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

$600

Total Directors

$600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK PHELPS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WALLY FIZER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$600
KEN DOUGHERTY	TREASURER	1.00	Officer Director	$0	$0	$0
GARY WHITNEY	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRUCE BURTON	DIRECTOR	1.00	Director	$0	$0	$0
GREG CUTSHALL	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$101,384	$125,033	$4,178,791	$-23,649
2022	$61,375	$171,914	$4,202,440	$-110,539
2021	$4,567,232	$4,567,232	$2,312,779	No data

MASONIC TEMPLE ASSOCIATION OF LEXINGTON KENTUCKY INC