Indiana Masonic Home Inc
Nonprofit profile at a glance
- EIN
- 352187477
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Franklin, IN, USA
- Phone
- 3177366141
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $16,603,151
- Expenses
- $11,510,809
- Assets
- $117,839,678
- Liabilities
- $35,576,897
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- RONALD L BUSKIRK (PRESIDENT)
- RICHARD L LENTZ (VICE PRESIDENT)
- MIKE SPENCER (CEO)
Highest reported compensation
- MIKE SPENCER (CEO): $271,575 total reported compensation
- WILLIAM PIERCE (ADMINISTRATOR): $201,743 total reported compensation
- MARISSA MEAHL (DIRECTOR OF NURSING): $159,253 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve the charitable purpose of operating the continuing care retirement community known as the Indiana masonic home in franklin, Indiana.
What it reported doing in 2024
Provide care for the aged: the home provides housing, health care, and other related services to residents through the operation of a retirement facility containing independent living homes and apartments, assisted living apartments, and a health care facility located in franklin, Indiana.
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 76
- Accountability: 92
- Sustainability: 74
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.2%; rating input score 46
- Program expense ratio: 67.7%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 94.1%; rating input score 94; 27th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.7%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 10.24; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 16%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -6.3% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -0.6% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 46.2% of revenue deployed · 67.7% of spending went to programs
- Governance: 16 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.8M in reported program spending
- Leadership: top reported pay $272K · 29 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.