Lake Norman Elks Lodge 392 Inc

Nonprofit profile at a glance

EIN
560139240
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Charlotte, NC, USA
Phone
7049077323
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$53,529
Expenses
$55,236
Assets
$327,078
Liabilities
$7,344

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • PETER HUBERT (PRESIDENT)

People named in this filing

  • PETER HUBERT (PRESIDENT)
  • SHELDON SPERLING (VICE PRESIDE)
  • KATHRYN HULLA (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lake norman elk lodge 392, inc. Charitable activities include providing assistance to veterans, participating in sponsoring a national scholarship program for high school senior, helping to provide financial support for angels & sparrows soup kitchen and hope house in huntersville, nc, and participating in sponsoring a national hoop shot contest for children ages 8-12.

What it reported doing in 2024

Provided welcome home kits to previously homeless veterans who moved into new residences. Kits included approximately 300-400 worth of household items like dishes, pots/pans, kitchen utensils, small appliances, towels, etc. In come cases an additional 200 was included for a bed.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 100
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -3.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 5.92; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 29.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 16.2% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.