MASONIC GRAND LODGE LIBRARY & MUSEUM OF TEXAS

EIN: 742226522 501(c)(3) Mutual Benefit

WACO, TX

Total Revenue
$801,352
Total Expenses
$682,621
Total Assets
$10,107,450
Net Assets
$10,098,669
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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
1981
Legal Domicile
TX
Principal Officer
DON PAUL PAYTON
Phone
2547537395
Tax Period
2023-01-01 to 2023-12-31

MASONIC GRAND LODGE LIBRARY & MUSEUM OF TEXAS, founded in 1981, is a small nonprofit in the Mutual Benefit sector that reported $801K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $683K left a modest 15% surplus.

Mission

TO MAINTAIN AND OPERATE A LIBRARY AND MUSEUM FOR THE GRAND LODGE OF TEXAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $411,023
Program Service Revenue $0
Investment Income $182,457
Other Revenue $207,872
TOTAL REVENUE $801,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,148
Fundraising Expenses $0
Program Expenses $454,994
Other Expenses $464,473
TOTAL EXPENSES $682,621

Year-over-Year Comparison

2023 2022 Change
Revenue $801,352 $713,605 +0.1%
Expenses $682,621 $750,955 -0.1%
Net Income $118,731 $-37,350 -4.2%
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
8
Independent Members
8
Employees
5
Volunteers
8

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
4
$15,830
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDE ERVIN DIRECTOR 0.50
Officer Director
$0 $0 $0
BRIAN R DODSON 1ST VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JERRY KIRBY DIRECTOR 0.50
Director
$0 $0 $0
DON PAUL PAYTON SECRETARY-TREASURER 10.00
Officer Director
$0 $0 $0
ROBERT LOFLIN 2ND VICE PRESIDENT 0.50
Director
$0 $0 $0
RUSSELL BROWN PRESIDENT 0.50
Director
$0 $0 $0
W SCOTT LEOPOLD SR DIRECTOR 0.50
Director
$0 $0 $0
PAUL UNDERWOOD TREASURER 0.50
Director
$0 $0 $0
BARBARA E MECHELL LIBRARIAN & MUSEUM COORDIN 40.00
Officer
$15,830 $0 $15,830
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 $801,352 $682,621 $10,107,450 $118,731
2022 $713,605 $750,955 $9,148,357 $-37,350
2021 $1,990,533 $796,655 $10,624,383 $1,193,878
2020 $1,052,815 $684,234 $10,173,794 $368,581
2019 $852,844 $714,902 $9,316,034 $137,942
2018 $1,071,298 $713,905 $9,032,433 $357,393
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