MASONIC HOMES OF KENTUCKY INC (EIN 610458374) - 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

1949

Legal Domicile

Principal Officer

TODD LACY

Phone

5028974910

Tax Period

2023-01-01 to 2023-12-31

MASONIC HOMES OF KENTUCKY INC, founded in 1949, is a mid-sized nonprofit in the Human Services sector that reported $41.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $47.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDES AND MAINTAINS A HOME FOR WIDOWS AND ORPHANS OF DECEASED MASONS OF KENTUCKY AND PROVIDES NURSING AND MEDICAL CARE TO CERTAIN RESIDENTS.

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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 $1,563,540

Program Service Revenue $38,435,332

Investment Income $1,385,162

Other Revenue $239,674

TOTAL REVENUE $41,623,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,942,960

Fundraising Expenses $621,986

Program Expenses $37,829,390

Other Expenses $19,418,693

TOTAL EXPENSES $47,361,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,623,708	$38,441,432	+0.1%
Expenses	$47,361,653	$44,935,517	+0.1%
Net Income	$-5,737,945	$-6,494,085	-0.1%

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

799

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

$929,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMERON POE	DIRECTOR	0.80	Director	$0	$0	$0
CHRIS STOUT	DIRECTOR	0.80	Director	$0	$0	$0
DAN LYNN	DIRECTOR	0.80	Director	$0	$0	$0
DONALD YANKEE	DIRECTOR	0.80	Director	$0	$0	$0
E DARRON WILSON	DIRECTOR	0.80	Director	$0	$0	$0
F KEITH DREIER	DIRECTOR	0.80	Director	$0	$0	$0
GEARY LAIRD	DIRECTOR	0.80	Director	$0	$0	$0
HAROLD E ARMSTRONG	CHAIRMAN	0.80	Officer Director	$0	$0	$0
LUKE MARTIN	DIRECTOR	0.80	Director	$0	$0	$0
MARK H GALLOWAY	SECRETARY	0.80	Officer Director	$0	$0	$0
MITCHELL MAY	DIRECTOR	0.80	Director	$0	$0	$0
RICHARD SHORT	DIRECTOR	0.80	Director	$0	$0	$0
ROBERT GRIGGS	DIRECTOR	0.80	Director	$0	$0	$0
RONALD S CAUGHRON	TREASURER	0.80	Officer Director	$0	$0	$0
TERRY L BOWMAN	VICE-CHAIRMAN	0.80	Officer Director	$0	$0	$0
TIMOTHY SANDERS	DIRECTOR	0.80	Director	$0	$0	$0
W MICHAEL YOUNT	DIRECTOR	0.80	Director	$0	$0	$0
WENDELL LITTLEFIELD	DIRECTOR	0.80	Director	$0	$0	$0
WILLIAM C PERRY	DIRECTOR	0.80	Director	$0	$0	$0
WILLIAM CANNON	DIRECTOR	0.80	Director	$0	$0	$0
WILLIAM D VINSON	DIRECTOR	0.80	Director	$0	$0	$0
J SCOTT JUDY	CEO	32.00	Officer	$444,310	$11,097	$455,407
TODD LACY	PRESIDENT	32.00	Officer	$444,310	$30,282	$474,592
CONJUNA COLLIER	VP QUALITY CLINICAL SERVICES	40.00	Highest	$199,650	$504	$200,154
DAVID BROWN	ADMINISTRATOR - LOUISVILLE	40.00	Highest	$176,188	$10,079	$186,267
KIMBERLY LEIS	SR VP ACCOUNTING	40.00	Highest	$186,347	$12,123	$198,470
NATALIE TINSELY	VP THERAPY SERVICES	40.00	Highest	$183,044	$24,072	$207,116
TRASEE WHITAKE	VP HUMAN RESOURCES	40.00	Highest	$175,395	$17,356	$192,751

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	$41,623,708	$47,361,653	$83,294,936	$-5,737,945
2022	$38,441,432	$44,935,517	$84,037,735	$-6,494,085
2021	$43,584,418	$45,114,639	$92,700,057	$-1,530,221
2020	$41,570,876	$42,939,880	$99,051,106	$-1,369,004
2019	$38,116,040	$47,416,412	$97,554,611	$-9,300,372
2018	$38,695,900	$42,736,771	$94,450,173	$-4,040,871

MASONIC HOMES OF KENTUCKY INC