KNOXVILLE SCOTTISH RITE FOUNDATION INC (EIN 626209505) - 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

1987

Legal Domicile

Principal Officer

Robert B Beam

Phone

8655243459

Tax Period

2024-01-01 to 2024-12-31

KNOXVILLE SCOTTISH RITE FOUNDATION INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $188K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 73% operating margin.

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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 $126,729

Program Service Revenue $0

Investment Income $45,599

Other Revenue $16,089

TOTAL REVENUE $188,417

Expense Breakdown

Grants Paid $33,139

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,015

Other Expenses $16,876

TOTAL EXPENSES $50,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,417	$116,211	+0.6%
Expenses	$50,015	$61,147	-0.2%
Net Income	$138,402	$55,064	+1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARVEY H LAFOLLETTE	PRESIDENT	2	Officer Director	$0	$0	$0
DEREK K ADAMSON	VICE PRESIDENT	2	Officer Director	$0	$0	$0
MICHAEL G WEEMS	TREASURER	2	Officer Director	$0	$0	$0
ROBERT B BEAM	SECRETARY	24	Officer Director	$0	$0	$0
HENRY N LAFOLLETTE	DIRECTOR	2	Director	$0	$0	$0
CHARLES M RHINES	DIRECTOR	2	Director	$0	$0	$0
DAVID A WEBB	DIRECTOR	2	Director	$0	$0	$0
JOSEPH W EDENS	DIRECTOR	2	Director	$0	$0	$0
BILLY R MILLER	DIRECTOR	2	Director	$0	$0	$0
MICHAEL C HATMAKER	DIRECTOR	2	Director	$0	$0	$0
SHANE B RATLIFF	DIRECTOR	2	Director	$0	$0	$0
A BRYCE HARRIS	DIRECTOR	2	Director	$0	$0	$0
ADOLF H PARSONS	DIRECTOR	2	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	$188,417	$50,015	$1,110,996	$138,402
2023	$116,211	$61,147	$972,594	$55,064
2022	$19,815	$66,305	$917,530	$-46,490
2021	$97,146	$89,332	$964,020	$7,814
2020	$77,622	$64,786	$956,206	$12,836

KNOXVILLE SCOTTISH RITE FOUNDATION INC