Free & Accepted Masons of TN 118 Memphis

EIN: 620842587 Mutual Benefit

Memphis, TN

Total Revenue
$73,365
Total Expenses
$67,342
Total Assets
$992,701
Net Assets
$992,701
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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

Legal Domicile
TN
Phone
9014897224
Tax Period
2024-01-01 to 2024-12-31

Free & Accepted Masons of TN 118 Memphis is a micro nonprofit in the Mutual Benefit sector that reported $73K in total revenue in fiscal year 2024. Revenue surged 241% from the prior year, signaling strong growth momentum. Expenses of $67K left a modest 8% surplus.

Mission

Fraternal Association

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,831
Program Service Revenue $0
Investment Income $64,534
Other Revenue $0
TOTAL REVENUE $73,365

Expense Breakdown

Grants Paid $200
Salaries & Benefits $3,300
Fundraising Expenses $0
Program Expenses $6,500
Other Expenses $57,342
TOTAL EXPENSES $67,342

Year-over-Year Comparison

2024 2023 Change
Revenue $73,365 $21,540 +2.4%
Expenses $67,342 $57,401 +0.2%
Net Income $6,023 $-35,861 -1.2%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$3,300
Total Directors
3
$3,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas M Thorne Treasurer 0.00
Officer Director
$3,300 $0 $3,300
Caleb Henshaw Chairman 0.00
Officer Director
$0 $0 $0
Gerald Leak Secretary 0.00
Officer 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 $73,365 $67,342 $992,701 $6,023
2023 $21,540 $57,401 $986,946 $-35,861
2022 $18,953 $53,049 $738,566 $-34,096
2021 $597,458 $28,972 $774,927 $568,486
2020 $5,869 $42,663 $206,442 $-36,794
2019 $29,037 $40,927 $219,236 $-11,890
2018 $27,358 $39,422 $555,641 $-12,064
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