INDEPENDENT ORDER OF ODDFELLOWS (EIN 860029193) - 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

1976

Legal Domicile

Principal Officer

VIRGIL COVIN

Phone

5203220553

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT ORDER OF ODDFELLOWS, founded in 1976, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ORGANIZATION HAS FOR OVER 35 YEARS ENGAGED IN TRADITIONAL EDUCATION AND CHARITY WORK INCLUDING COLLEGE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,793

Program Service Revenue $0

Investment Income $39,147

Other Revenue $0

TOTAL REVENUE $41,940

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $22,863

Fundraising Expenses $0

Other Expenses $26,689

TOTAL EXPENSES $50,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,940	$90,691	-0.5%
Expenses	$50,552	$57,629	-0.1%
Net Income	$-8,612	$33,062	-1.3%

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

N/A

Employees

N/A

Volunteers

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

$22,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON LONG	GRAND SECRETARY	12.00	Officer	$0	$9,697	$9,697
VIRGIL COVIN	GRAND TREASURER	6.00	Officer	$0	$9,710	$9,710
DAVID ACKERS	GRAND MASTER	6.00	Officer	$0	$3,256	$3,256

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	$41,940	$50,552	$1,201,501	$-8,612
2022	$69,089	$57,629	$1,072,727	$11,460

INDEPENDENT ORDER OF ODDFELLOWS