THE FIRST WORSHIPFUL MASTERS' ASSOCIATION OF MASSACHUSETTS (EIN 861168144) - 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

1940

Legal Domicile

Principal Officer

TIMOTHY ACKERMAN

Phone

6172839093

Tax Period

2023-01-01 to 2023-12-31

THE FIRST WORSHIPFUL MASTERS' ASSOCIATION OF MASSACHUSETTS, founded in 1940, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. The organization ran a surplus of $7K, a strong 38% operating margin.

Mission

TO PROMOTE FRATERNALISM AMONGST THE PAST MASTERS OF THE LODGES OF THE FIRST MASONIC DISTRICT OF MASSACHUSETTS AND DO GOOD IN THE COMMUNITY.

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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 $1,393

Program Service Revenue $0

Investment Income $16,660

Other Revenue $0

TOTAL REVENUE $18,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,040

Other Expenses $11,114

TOTAL EXPENSES $11,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,053	$18,385	0.0%
Expenses	$11,114	$12,404	-0.1%
Net Income	$6,939	$5,981	+0.2%

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

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
PETER LAWSON	PRESIDENT	1.00	Officer	$0	$0	$0
TIMOTHY MCGAVIN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
PATRICK DELVAL	SECRETARY	1.00	Officer	$0	$0	$0
TIMOTHY ACKERMAN	TREASURER	1.00	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	$18,053	$11,114	$544,987	$6,939
2022	$18,385	$12,404	$488,869	$5,981
2021	$26,637	$11,129	$562,662	$15,508
2020	$23,834	$10,239	$489,467	$13,595
2019	$18,344	$4,993	$465,249	$13,351
2018	$26,373	$6,095	$381,797	$20,278

THE FIRST WORSHIPFUL MASTERS' ASSOCIATION OF MASSACHUSETTS