WACO SCOTTISH RITE BODIES CHARITABLE FOUNDATION (EIN 742581354) - 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

Legal Domicile

Principal Officer

MIKE WALDROP

Tax Period

2023-01-01 to 2023-12-31

WACO SCOTTISH RITE BODIES CHARITABLE FOUNDATION is a micro nonprofit that reported $35K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $34K left a modest 4% surplus.

Mission

IT IS THE MISSION OF THE SCOTTISH RITE OF FREEMASONRY, SJ, TO IMPROVE ITS MEMBERS AND ENHANCE THE COMMUNITIES IN WHICH THEY LIVE BY TEACHING AND EMULATING THE PRINCIPLES OF BROTHERLY LOVE, TOLERANCE, CHARITY, AND TRUTH, WHILE ACTIVELY EMBRACING 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 $29,283

Program Service Revenue $0

Investment Income $5,733

Other Revenue $0

TOTAL REVENUE $35,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,639

Other Expenses $33,644

TOTAL EXPENSES $33,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,016	$48,829	-0.3%
Expenses	$33,644	$25,083	+0.3%
Net Income	$1,372	$23,746	-0.9%

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
CLAUDE O ERVIN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
J DAMON FEHLER	DIRECTOR	N/A	Director	$0	$0	$0
CAMERON M TALBERT III	TREASURER	N/A	Officer Director	$0	$0	$0
DR HAROLD E JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD L LOVE	DIRECTOR	N/A	Director	$0	$0	$0
GREGORY L MCEWEN	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT L MILLS	DIRECTOR	N/A	Director	$0	$0	$0
MELVIN E RUYLE	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WALDROP	SECRETARY	N/A	Officer	$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	$35,016	$33,644	$192,447	$1,372
2022	$32,675	$28,735	$170,369	$3,940
2021	$32,675	$28,860	$166,429	$3,815
2020	$28,388	$24,530	$162,614	$3,858
2019	$536,071	$1,029,173	$158,756	$-493,102
2018	$227,553	$727,233	$609,294	$-499,680

WACO SCOTTISH RITE BODIES CHARITABLE FOUNDATION