LAKEWOOD LODGE NO 2388 BENEVOLENT AND PROTECTIVE ORDER OF ELKS (EIN 910833384) - 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

1968

Legal Domicile

Principal Officer

JOHN SWANSON

Phone

2535882388

Tax Period

2023-04-01 to 2024-03-31

LAKEWOOD LODGE NO 2388 BENEVOLENT AND PROTECTIVE ORDER OF ELKS, founded in 1968, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $282K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE LODGE FUNCTIONS AS THE CENTRAL MEETING POINT FOR ITS MEMBERS TO PLAN AND CARRY OUT LOCAL, REGIONAL, AND NATIONAL PROGRAMS FOR CHARITY AND SERVICE TO THE COMMUNITY. LAKEWOOD ELKS LODGE #2388 IS A SUBORDINATE LODGE OF THE BENEVOLENT AND PROTECTIVE ORDER OF THE ELKS OF THE UNITED STATES OF AMERICA.

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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 $42,221

Program Service Revenue $135,411

Investment Income $4

Other Revenue $23,294

TOTAL REVENUE $200,930

Expense Breakdown

Grants Paid $12,093

Salaries & Benefits $63,581

Fundraising Expenses $0

Program Expenses $232,760

Other Expenses $206,020

TOTAL EXPENSES $281,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,930	$240,077	-0.2%
Expenses	$281,694	$257,022	+0.1%
Net Income	$-80,764	$-16,945	+3.8%

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

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

$4,500

Total Directors

$4,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE SIMPSON	EXALTED RULER	20.00	Officer Director	$0	$0	$0
JOHN SWANSON	LEADING KNIGHT	15.00	Officer Director	$0	$0	$0
DOUG STRASSER	LOYAL KNIGHT	15.00	Officer Director	$0	$0	$0
RHETT POWERS	LECTURING KNIGHT	15.00	Officer Director	$0	$0	$0
SARA TURCO	ESQUIRE	15.00	Director	$0	$0	$0
KAREN SIMPSON	SECRETARY	20.00	Officer Director	$4,500	$0	$4,500
SHONA POWERS	TREASURER	15.00	Officer Director	$0	$0	$0
LEA FIOLEK	CHAPLAIN	15.00	Director	$0	$0	$0
MATTHEW SWANSON	INNER GUARD	15.00	Director	$0	$0	$0
KRISTIN NEILS	TILER	15.00	Director	$0	$0	$0
POLLY STOCKER	TRUSTEE	15.00	Director	$0	$0	$0
SUSAN BERVEN	TRUSTEE	15.00	Director	$0	$0	$0
SHERRIE SWANSON	TRUSTEE	15.00	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	No data	No data	No data	No data
2024	$200,930	$281,694	$239,252	$-80,764
2023	$240,077	$257,022	$331,696	$-16,945
2022	$224,348	$218,782	$366,269	$5,566
2021	$159,586	$182,815	$351,907	$-23,229
2020	$276,326	$263,391	$364,107	$12,935
2019	$199,222	$233,662	$371,359	$-34,440

LAKEWOOD LODGE NO 2388 BENEVOLENT AND PROTECTIVE ORDER OF ELKS