Masonic Home of Virginia

Nonprofit profile at a glance

EIN
540541802
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Henrico, VA, USA
Phone
8042221694
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

Reported finances

Revenue
$10,863,313
Expenses
$14,188,113
Assets
$77,206,166
Liabilities
$10,877,819

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

Leadership & pay

25 people listed

Executive titles in this filing

  • SAMUEL M JONES (PRESIDENT)
  • FRANK L WRIGHT JR (VICE PRESIDENT)
  • RANDY P SMITH (CHIEF EXECUTIVE OFFICER)
  • ANNE HAGEN (CEO - RETIRED 3/2024)
  • ROBERT ADKINS (VICE PRESIDENT OF OPERATIONS)

Highest reported compensation

  • RANDY P SMITH (CHIEF EXECUTIVE OFFICER): $232,807 total reported compensation
  • ROBERT ADKINS (VICE PRESIDENT OF OPERATIONS): $201,339 total reported compensation
  • DANIEL THOMAS (DIRECTOR OF NURSING): $152,453 total reported compensation

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

Overview

Mission

Strategic objective one: without regard for their ability to pay, to always provide any eligible mason, his wife, or widow with a quality continuing care retirement community in a cost effective manner consistent with the principles of masonic relief.(continued on sch. O) (continued from p2) strategic objective two: to provide or to make available to any eligible mason, his wife, or widow necessary in-home assistance and care in a cost effective manner.strategic objective three: to remain financially viable in support of masons and their relatives in perpetuity.

What it reported doing in 2024

Mahova's "outreach", newly branded as "mahova in your home" is our home-based health service program delivered throughout Virginia. The program provides support to senior masons, wives, widows or other eligible relatives in their own homes. Mahova coordinates basic medical, healthcare, daily living or respite needs through local agencies in the candidate's community where mahova has developed those relationships.

Operating model

Revenue model
Earned-program. 73% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 79
  • Accountability: 91
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $4.82 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -30.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 5.44; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -0.4% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
  • Governance: 16 of 16 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $12M in reported program spending
  • Leadership: top reported pay $233K · 25 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.