BENEVOLENT & PROTECTIVE ORDER OF ELKS LODGE #224

EIN: 840146948

ASPEN, CO

Total Revenue
$993,323
Total Expenses
$992,301
Total Assets
$6,751,414
Net Assets
$6,263,446
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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
1988
Legal Domicile
CO
Principal Officer
MICHELE GOODHARD
Phone
9709253516
Tax Period
2025-04-01 to 2026-03-31

BENEVOLENT & PROTECTIVE ORDER OF ELKS LODGE #224, founded in 1988, is a small nonprofit that reported $993K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Net assets of $6.3M represent 76 months of operating reserves.

Mission

TO PROVIDE CHARITABLE ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS AND HOST COMMUNITY EVENTS.

Program Service Accomplishments

Program 1
Expenses: $872,608 Revenue: $-191,472

TO PROVIDE MEMBERS WITH A PLACE TO MEET; PROVIDE COMMUNITY SERVICES, PROVIDES GRANTS AND SCHOLARSHIPS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,606
Investment Income $247,894
Other Revenue $633,823
TOTAL REVENUE $993,323

Expense Breakdown

Grants Paid $136,000
Salaries & Benefits $178,666
Fundraising Expenses $0
Program Expenses $872,608
Other Expenses $605,541
TOTAL EXPENSES $992,301

Year-over-Year Comparison

2025 2024 Change
Revenue $993,323 $1,106,284 -0.1%
Expenses $992,301 $892,197 +0.1%
Net Income $1,022 $214,087 -1.0%
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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Governance

Voting Members
11
Independent Members
9
Employees
33
Volunteers
20

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
8
$32,069
Total Directors
13
$159,525
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY BROMKA LODGE MANAGER 40.00
Director
$122,536 $0 $122,536
MICHELE GOODHARD TRUSTEE CHAIR/PRESIDENT 2.00
Officer Director
$0 $0 $0
JACK ALBRIGHT TRUSTEE 2.00
Officer Director
$0 $0 $0
SARA HANEMAN LEADING KNIGHT 2.00
Officer Director
$0 $0 $0
SUSAN ARENELLA LOYAL KNIGHT 2.00
Officer Director
$0 $0 $0
JANICE VOS CAUDILL SECRETARY 3.00
Officer Director
$27,500 $0 $27,500
MARK MURPHY TREASURER 3.00
Officer Director
$4,569 $0 $4,569
JAY PARKER TRUSTEE 2.00
Director
$0 $0 $0
COLBY STANTON LECTURING KNIGHT 2.00
Director
$0 $0 $0
DIANE SPICER TRUSTEE 2.00
Director
$0 $0 $0
DANIEL BRABEC TRUSTEE 2.00
Officer Director
$0 $0 $0
KORI DAVIDSON EXHALTED RULER 2.00
Officer Director
$0 $0 $0
ROBERT EPHLIN LODGE MANAGER 40.00
Director
$4,920 $0 $4,920
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
2026 $993,323 $992,301 $6,751,414 $1,022
2025 $1,106,284 $892,197 $6,740,658 $214,087
2024 $973,165 $822,255 $6,477,333 $150,910
2023 $559,523 $871,683 $6,209,294 $-312,160
2022 $962,301 $931,610 $6,435,999 $30,691
2021 $908,235 $661,771 $6,447,395 $246,464
2020 $632,091 $792,385 $5,451,214 $-160,294
2019 $915,843 $960,068 $5,866,241 $-44,225
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