Free and Accepted Masons of CA Magnolia Park 618

EIN: 950751538

Burbank, CA

Total Revenue
$79,152
Total Expenses
$150,610
Total Assets
$1,637,176
Net Assets
$1,637,176
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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
1925
Legal Domicile
CA
Principal Officer
Sevak Petrosyan
Tax Period
2023-01-01 to 2023-12-31

Free and Accepted Masons of CA Magnolia Park 618, founded in 1925, is a micro nonprofit that reported $79K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $151K exceeded revenue, resulting in a 90% operating deficit.

Mission

A man who strives to improve himself can also improve his community and the world at large. This is the mission of the Masons of California. Through Masonic principles and tradition, we foster personal growth and improve the lives of others.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,090
Investment Income $50,961
Other Revenue $101
TOTAL REVENUE $79,152

Expense Breakdown

Grants Paid $6,688
Salaries & Benefits $31,320
Fundraising Expenses $0
Other Expenses $112,602
TOTAL EXPENSES $150,610

Year-over-Year Comparison

2023 2022 Change
Revenue $79,152 $65,995 +0.2%
Expenses $150,610 $118,585 +0.3%
Net Income $-71,458 $-52,590 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
107
Independent Members
105
Employees
2
Volunteers
120

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
5
$28,800
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vladimir Andriasian Treasurer 6.00
Officer
$14,400 $0 $14,400
Thumper Bloomquist Secretary 6.00
Officer
$14,400 $0 $14,400
Garik Oganesian Junior Warden 4.00
Officer
$0 $0 $0
Sevak Petrosyan Master 4.00
Officer
$0 $0 $0
Vahagn Zakharyan Senior Warden 4.00
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 $79,152 $150,610 $1,637,176 $-71,458
2022 $65,995 $118,585 $1,522,992 $-52,590
2021 $114,527 $92,303 $1,997,041 $22,224
2020 $106,740 $51,280 $1,848,472 $55,460
2019 $76,448 $72,280 $1,646,220 $4,168
2018 $137,473 $76,975 $1,392,617 $60,498
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