ANCIENT & ACCEPTED SCOTTISH RITE VALLEY OF WACO & COORD BODIES (EIN 741301977) - 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

1958

Legal Domicile

Principal Officer

MIKE WALDROP

Phone

2547521618

Tax Period

2023-01-01 to 2023-12-31

ANCIENT & ACCEPTED SCOTTISH RITE VALLEY OF WACO & COORD BODIES, founded in 1958, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $316K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO IMPROVE OUR MEMBERS AND ENHANCE THE COMMUNITIES IN WHICH THEY LIVE BY TEACHING AND EMULATING THE PRINCIPLES OF BROTHERLY LOVE, TOLERANCE, CHARITY, AND TRUTH WHILE ACTIVELY ENBRACING HIGH SOCIAL, MORAL, AND SPIRITUAL VALUES INCLUDING FELLOWSHIP, COMPASSION,AND DEDICATION TO GOD, FAMILY AND COUNTRY.

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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 $121,810

Program Service Revenue $0

Investment Income $102,148

Other Revenue $19,363

TOTAL REVENUE $243,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,632

Fundraising Expenses $0

Other Expenses $208,175

TOTAL EXPENSES $315,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,321	$303,370	-0.2%
Expenses	$315,807	$327,225	0.0%
Net Income	$-72,486	$-23,855	+2.0%

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

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

$52,542

Total Directors

$52,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WALDROP	GENERAL SECR	40.00	Officer Director	$52,542	$0	$52,542
BOBBY BAIN	CHAIRMAN OF	N/A	Director	$0	$0	$0
JOE BARRON	EAST TEXAS M	N/A	Director	$0	$0	$0
EDWARD M BROWN	DIRECTOR OF	N/A	Director	$0	$0	$0
MICHAEL BURTON	ROSE CROIX	N/A	Director	$0	$0	$0
HANK CLORE	ARM & ARM CO	N/A	Director	$0	$0	$0
SAM CRYAN	F & I CHAIRM	N/A	Officer Director	$0	$0	$0
CLINT DETLEFSEN	LODGE OF PER	N/A	Director	$0	$0	$0
JUSTIN B DUTY	MEMBERSHIP C	N/A	Director	$0	$0	$0
CLAUDE ERVIN	CHARITABLE C	N/A	Officer Director	$0	$0	$0
RICHARD GAISER	EAST TEXAS R	N/A	Director	$0	$0	$0
WILLIAM F GARRETT	AWARDS CHAIR	N/A	Officer Director	$0	$0	$0
JIMMY GATLIN	COUNCIL OF K	N/A	Director	$0	$0	$0
FRANK GENTSCH	ALMONER CHAI	N/A	Director	$0	$0	$0
TOMMY GRUSENDORF	ALMONER	N/A	Director	$0	$0	$0
CAMERON M TALBERT III	TREASURER	N/A	Director	$0	$0	$0
TAYLOR KEEN	CENTRAL TX M	N/A	Director	$0	$0	$0
CHAD LAGRONE	EAST TEXAS M	N/A	Director	$0	$0	$0
B C LEE	CONSISTORY	N/A	Director	$0	$0	$0
DENNY LESSMAN	LEGAL ADVISO	N/A	Director	$0	$0	$0
CHAD LOCKER	WEST TEXAS M	N/A	Director	$0	$0	$0
C STAN MADDEN	PR CHAIRMAN	N/A	Director	$0	$0	$0
GREGORY L MCEWEN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JOHN MOLTZ	AMERICANISM	N/A	Director	$0	$0	$0
STAN PARKER	SPECIAL EVEN	N/A	Officer Director	$0	$0	$0
TOMMY RIGGS	FINANCE & BU	N/A	Director	$0	$0	$0
MIKE RODRIGUEZ	COORDINATOR	N/A	Director	$0	$0	$0
JIMMY RUMSEY	REUNION DIRE	N/A	Director	$0	$0	$0
KENNETH W SHEATS	EAST TEXAS M	N/A	Director	$0	$0	$0
CAM TALBERT	AUDIT CHAIRM	N/A	Officer Director	$0	$0	$0
WILLIAM F RICK TROGDON	WEST TEXAS M	N/A	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	$243,321	$315,807	$2,956,206	$-72,486
2022	$303,370	$327,225	$3,019,776	$-23,855
2021	$157,890	$183,145	$3,492,277	$-25,255
2021	$224,320	$221,120	$3,326,721	$3,200
2020	$162,433	$305,711	$3,106,055	$-143,278
2020	$186,615	$298,925	$3,096,109	$-112,310
2019	$346,854	$579,702	$3,254,870	$-232,848
2018	$360,961	$368,673	$3,171,249	$-7,712

ANCIENT & ACCEPTED SCOTTISH RITE VALLEY OF WACO & COORD BODIES