BENEVOLENT & PROTECTIVE ORDER OF ELKS LODGE #224

EIN: 840146948

ASPEN, CO

Total Revenue
$1,106,284
Total Expenses
$892,197
Total Assets
$6,740,658
Net Assets
$6,278,365
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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
2024-04-01 to 2025-03-31

BENEVOLENT & PROTECTIVE ORDER OF ELKS LODGE #224, founded in 1988, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $214K, a strong 19% operating margin.

Mission

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $164,094
Program Service Revenue $93,122
Investment Income $167,392
Other Revenue $681,676
TOTAL REVENUE $1,106,284

Expense Breakdown

Grants Paid $110,000
Salaries & Benefits $171,375
Fundraising Expenses $0
Program Expenses $892,197
Other Expenses $546,025
TOTAL EXPENSES $892,197

Year-over-Year Comparison

2024 2023 Change
Revenue $1,106,284 $973,165 +0.1%
Expenses $892,197 $822,255 +0.1%
Net Income $214,087 $150,910 +0.4%
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
11
Employees
26
Volunteers
16

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
$34,100
Total Directors
12
$135,239
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
$101,139 $0 $101,139
MICHELE GOODHARD TRUSTEE 2.00
Officer Director
$0 $0 $0
JACK ALBRIGHT EXHALTED RULER 2.00
Officer Director
$0 $0 $0
JAMES PRATT LEADING KNIGHT 2.00
Officer Director
$0 $0 $0
RICHARD WALTERSCHEID LOYAL KNIGHT 2.00
Officer Director
$0 $0 $0
JANICE VOS CAUDILL SECRETARY 3.00
Officer Director
$27,500 $0 $27,500
CAROLYN BARABE TREASURER 3.00
Officer Director
$6,600 $0 $6,600
JAY PARKER TRUSTEE 2.00
Director
$0 $0 $0
FREDERICK F HEAD TRUSTEE 2.00
Director
$0 $0 $0
DIANE SPICER TRUSTEE 2.00
Director
$0 $0 $0
DANIEL BRABEC CHAIR 2.00
Officer Director
$0 $0 $0
KORI DAVIDSON LECTURING KNIGHT 2.00
Officer 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
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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