The Ohio Masonic Home Benevolent Endowment Foundation Inc

Nonprofit profile at a glance

EIN
311451818
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Springfield, OH, USA
Phone
9375253003
Rating
46
Verdict
MIXED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$14,596,664
Expenses
$2,192,962
Assets
$238,264,010
Liabilities
$205,256

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

Leadership & pay

14 people listed

Executive titles in this filing

  • SCOTT A BUCHANAN (CHIEF EXECUTIVE OFFICER)
  • STEVEN PETITJEAN (COO/EXECUTIVE DIRECTOR)

Highest reported compensation

  • SCOTT A BUCHANAN (CHIEF EXECUTIVE OFFICER): $358,401 total reported compensation
  • STEVEN PETITJEAN (COO/EXECUTIVE DIRECTOR): $227,311 total reported compensation
  • BROOKE HERRING (CHIEF FINANCIAL OFFICER): $189,992 total reported compensation

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

Overview

Mission

The intent is for the Ohio masonic home benevolent endowment foundation to follow the mission of the Ohio masonic home. The Ohio masonic home's adopted mission is to be the trusted partner to help our communities thrive.

What it reported doing in 2024

Philanthropic support: the Ohio masonic home benevolent endowment foundation provides support to the Ohio masonic home and its tax exempt subsidiaries. This support is used to fund the charitable activities of the home and its subsidiaries including operations of the home, maintenance and development of facilities, as well as the solicitation of support on behalf of the Ohio masonic home and its subsidiaries. In 2024, the Ohio masonic home benevolent endowment foundation facilitated $2,656,294 in contributions for the Ohio masonic home, $296,650 in contributions for the Ohio masonic home affiliates, and $2,076,609 in contributions for the Ohio masonic home benevolent endowment foundation for a total of $5,029,553.

Operating model

Revenue model
Investment-supported. 75% of the money available for current operations came from recurring investment income.
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

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 11
  • Transparency & Controls: 61
  • Accountability: 91
  • Sustainability: 89
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.9%; rating input score 6
  • Program expense ratio: 17.3%; rating input score 17
  • Fundraising efficiency: $3.52 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

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: 85%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 108.65; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: -30.9% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: 5.9% of revenue deployed · 17.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $380K in reported program spending
  • Leadership: top reported pay $358K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • 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: 5 filed money-flow records
  • Related organizations: 3 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.

  • High — Financial Efficiency: Mission deployment rate scored 6/100.
  • High — Financial Efficiency: Program expense ratio scored 17/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • 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 — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 25/100.