FREE & ACCEPTED MASONS OF WASHINGT… - Form 990 Financial Data

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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

1917

Legal Domicile

Principal Officer

RICHARD BACIGALUPI

Phone

3602215253

Tax Period

2023-01-01 to 2023-12-31

FREE & ACCEPTED MASONS OF WASHINGTON 218 LANGLEY, founded in 1917, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 101% operating deficit.

Mission

TO PRESERVE AMERICAN IDEALS THROUGH EDUCATION.

Program Service Accomplishments

Program 1

CONTINUED TO OFFER THE BIKES FOR BOOKS PROGRAM TO SOUTH WHIDBEY PUBLIC ELEMENTARY SCHOOLS. SUPPORTED PUBLIC EDUCATION AND ASSISTANCE IN THE EDUCATION OF CHILDREN BY MEANS OF POSITIVE REINFORCEMENT...

CONTINUED TO OFFER THE BIKES FOR BOOKS PROGRAM TO SOUTH WHIDBEY PUBLIC ELEMENTARY SCHOOLS. SUPPORTED PUBLIC EDUCATION AND ASSISTANCE IN THE EDUCATION OF CHILDREN BY MEANS OF POSITIVE REINFORCEMENT FOR READING.

Program 2

OFFERS SCHOLARSHIPS TO ASSIST GRADUATING SENIORS IN PURSUING A POST SECONDARY EDUCATION.

Program 3

FRATERNAL ORGANIZATION FOR MEMBERS AND RAISE MONEY FOR CHARITY.

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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 $3,112

Program Service Revenue $0

Investment Income $3,774

Other Revenue $-70

TOTAL REVENUE $6,816

Expense Breakdown

Grants Paid $700

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,030

TOTAL EXPENSES $13,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,816	$23,639	-0.7%
Expenses	$13,730	$15,889	-0.1%
Net Income	$-6,914	$7,750	-1.9%

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
JIM FULTON	MASTER	2.00	Officer	$0	$0	$0
CARL FJELSTED	JR. WARDEN	1.00	Officer	$0	$0	$0
RICHARD BACIGALUPI	SECRETARY /TREASURER	2.00	Officer	$0	$0	$0
TONY GILL	SR. WARDEN	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	$6,816	$13,730	$722,185	$-6,914
2022	$23,639	$15,889	$659,772	$7,750
2021	$35,011	$14,939	$746,806	$20,072
2020	$7,544	$11,497	$711,856	$-3,953

FREE & ACCEPTED MASONS OF WASHINGTON 218 LANGLEY