Civic Intelligence

Masonic Homes of Kentucky Inc

EIN 61-0458374 • 501(c)3 • Masonic Home, KY

Profile

Provides and maintains a home for widows and orphans of deceased masons of kentucky and provides nursing and medical care to certain residents.

330 Masonic Home DriveMasonic Home, KY 40041

www.masonichomesky.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.92x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

8th percentile

-22%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$504,302

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

99th percentile

153%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

2.6%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$210,400,681

Up $127,105,745 (+153%) from 2023

Liabilities

Up

$210,248,249

Up $136,316,049 (+184%) from 2023

Net Assets

Down

$152,432

Down $9,210,304 (-98%) from 2023

Revenue

Up

$42,707,598

Up $1,083,890 (+2.6%) from 2023

Expenses

Up

$52,156,253

Up $4,794,600 (+10%) from 2023

Net Income

Down

-$9,448,655

Down $3,710,710 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2011: $109,689,753Liabilities 2011: $47,500,647Net Assets 2011: $62,189,1062011Assets 2012: $97,975,050Liabilities 2012: $53,428,274Net Assets 2012: $44,546,7762012Assets 2013: $95,299,557Liabilities 2013: $52,794,930Net Assets 2013: $42,504,6272013Assets 2014: $93,328,850Liabilities 2014: $52,079,476Net Assets 2014: $41,249,3742014Assets 2015: $85,357,601Liabilities 2015: $50,555,242Net Assets 2015: $34,802,3592015Assets 2016: $85,607,812Liabilities 2016: $49,318,888Net Assets 2016: $36,288,9242016Assets 2017: $95,761,431Liabilities 2017: $58,201,540Net Assets 2017: $37,559,8912017Assets 2018: $94,450,173Liabilities 2018: $63,755,035Net Assets 2018: $30,695,1382018Assets 2019: $97,554,611Liabilities 2019: $72,952,749Net Assets 2019: $24,601,8622019Assets 2020: $99,051,106Liabilities 2020: $71,592,926Net Assets 2020: $27,458,1802020Assets 2021: $92,700,057Liabilities 2021: $67,947,327Net Assets 2021: $24,752,7302021Assets 2022: $84,037,735Liabilities 2022: $69,475,664Net Assets 2022: $14,562,0712022Assets 2023: $83,294,936Liabilities 2023: $73,932,200Net Assets 2023: $9,362,7362023Assets 2024: $210,400,681Liabilities 2024: $210,248,249Net Assets 2024: $152,4322024

Highlighted filing

2024

Assets$210,400,681
Liabilities$210,248,249
Net Assets$152,432

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $35,775,1942011Expenses 2012: $37,445,2472012Revenue 2013: $33,700,355Expenses 2013: $35,584,998Net Income 2013: -$1,884,6432013Revenue 2014: $35,334,393Expenses 2014: $36,382,242Net Income 2014: -$1,047,8492014Revenue 2015: $32,596,710Expenses 2015: $37,614,562Net Income 2015: -$5,017,8522015Revenue 2016: $32,831,201Expenses 2016: $33,891,062Net Income 2016: -$1,059,8612016Revenue 2017: $38,006,287Expenses 2017: $40,333,485Net Income 2017: -$2,327,1982017Revenue 2018: $38,695,900Expenses 2018: $42,736,771Net Income 2018: -$4,040,8712018Revenue 2019: $38,116,040Expenses 2019: $47,416,412Net Income 2019: -$9,300,3722019Revenue 2020: $41,570,876Expenses 2020: $42,939,880Net Income 2020: -$1,369,0042020Revenue 2021: $43,584,418Expenses 2021: $45,114,639Net Income 2021: -$1,530,2212021Revenue 2022: $38,441,432Expenses 2022: $44,935,517Net Income 2022: -$6,494,0852022Revenue 2023: $41,623,708Expenses 2023: $47,361,653Net Income 2023: -$5,737,9452023Revenue 2024: $42,707,598Expenses 2024: $52,156,253Net Income 2024: -$9,448,6552024

Highlighted filing

2024

Revenue$42,707,598
Expenses$52,156,253
Net Income-$9,448,655

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$210$210$0.15$42.7$52.2$9.45
2023Summary only. Only limited summary data is available for this year.$83.3$73.9$9.36$41.6$47.4$5.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.0$69.5$14.6$38.4$44.9$6.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.7$67.9$24.8$43.6$45.1$1.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.1$71.6$27.5$41.6$42.9$1.37
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.6$73.0$24.6$38.1$47.4$9.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.5$63.8$30.7$38.7$42.7$4.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.8$58.2$37.6$38.0$40.3$2.33
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.6$49.3$36.3$32.8$33.9$1.06
2015Detailed filing. Detailed filing data is available for this year.$85.4$50.6$34.8$32.6$37.6$5.02
2014Detailed filing. Detailed filing data is available for this year.$93.3$52.1$41.2$35.3$36.4$1.05
2013Summary only. Only limited summary data is available for this year.$95.3$52.8$42.5$33.7$35.6$1.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.0$53.4$44.5$37.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$47.5$62.2$35.8
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$38,517,423
Mission and Program Overview

Mission

Provides and maintains a home for widows and orphans of deceased masons of kentucky and provides nursing and medical care to certain residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,977,207$53,945,497▼ $3,031,710
Investments in Publicly Traded Securities$21,529,096$15,630,636▼ $5,898,460
Accounts Receivable$6,231,643$6,546,507▲ $314,864
Intangible Assets$1,550,810$1,085,212▼ $465,598
Cash and Non-Interest-Bearing Accounts$598,088$940,533▲ $342,445
Prepaid Expenses and Deferred Charges$570,545$853,251▲ $282,706
Investments Other Securities$803,801$675,185▼ $128,616
Inventories for Sale or Use$345,588$316,588▼ $29,000
Investments Program Related$271,810$221,607▼ $50,203
Pledges and Grants Receivable$83,602$132,352▲ $48,750
Total Assets$92,700,057$84,037,735▼ $8,662,322
Other Assets Total$3,737,867$3,690,367▼ $47,500
Liabilities
Tax Exempt Bond Liabilities$44,222,847$50,278,630▲ $6,055,783
Other Liabilities$9,379,984$12,106,821▲ $2,726,837
Accounts Payable and Accrued Expenses$4,594,783$5,322,366▲ $727,583
Mortgage Notes Payable Secured by Investment Property$7,884,746$1,193,008▼ $6,691,738
Deferred Revenue$1,864,967$574,839▼ $1,290,128
Total Liabilities$67,947,327$69,475,664▲ $1,528,337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,519,659$12,934,302▼ $8,585,357
Net Assets With Donor Restrictions$3,233,071$1,627,769▼ $1,605,302
Total Net Assets Fund Balance$24,752,730$14,562,071▼ $10,190,659
Total Liabilities and Net Assets / Fund Balance$92,700,057$84,037,735▼ $8,662,322

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,789,393$43,642,864$92,432,257
Equipment$2,829,719$6,842,955$9,672,674
Other Land Buildings$2,220,550$4,066,503$6,287,053
Land$105,835-$105,835
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd LacyPresidentPT$433,466$37,415$470,881
J Scott JudyCEOPT$433,466$18,963$452,429
Natalie TinselyVP Therapy ServicesFT$173,759$27,679$201,438
Conjuna CollierVP Quality Clinical ServicesFT$190,365$6,496$196,861
Trasee WhitakeVP Human ResourcesFT$167,063$22,031$189,094
Kimberly LeisSr VP AccountingFT$173,527$12,018$185,545
Janie CunninghamAdministrator - ShelbyvilleFT$144,751$16,352$161,103

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ams TemporariesStaffing Agency1400 BROWNS LANE, Louisville, KY 40207$757,597
Nursestat LLCStaffing Agency226 MORRIS DR, Harrodsburg, KY 40330$343,508
Shiftkey LLCStaffing AgencyPO BOX 735913, Dallas, TX 75373$294,628
Accurate Healthcare ProfessionalsStaffing Agency2221 BUECHEL AVENUE, Louisville, KY 40218$245,470
Lusk Mechanical ContractorsContractorPO BOX 340, Muldeaugh, KY 40155$201,193
Revenue and Support

Revenue Composition

Contributions and Grants
$1,592,755
Program Service Revenue
$35,516,567
Investment Income
$919,241
Other Revenue
$412,869
All Other Contributions
$1,415,868
Change in Net Assets
$-6,494,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$25,897,591
Other Expenses$19,037,926
Total Fundraising Expense$653,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,090,653$6,215,129$269,996$20,575,778
Depreciation Depletion$3,954,588$439,399-$4,393,987
Fees for Services Other$2,131,162$762,563$197$2,893,922
Interest$2,514,550$279,395-$2,793,945
Other Employee Benefits$1,491,606$931,629$43,562$2,466,797
Occupancy$1,057$2,145,905$19,984$2,166,946
Insurance-$2,164,109-$2,164,109
Payroll Taxes$1,100,736$500,684$20,133$1,621,553
Office Expenses$754,270$353,777$19,331$1,127,378
Current Officers, Directors, Trustees, and Key Employees-$923,311-$923,311
Fees for Services Legal-$438,815-$438,815
Advertising-$360,262$24,755$385,017
Other Expenses$256,490$118,765-$375,255
Information Technology$538$343,511$41$344,090
Pension Plan Contributions$135,756$164,338$10,058$310,152
Travel$1,331$135,450$15,179$151,960
Fees for Service Investment Mgmnt Fees-$90,986-$90,986
Fees for Services Accounting-$75,437-$75,437
Conferences and Meetings-$18,502$312$18,814
All Other Expenses$2,450,116$-5,618,388$230,241$-2,938,031
Total Functional Expenses$31,653,893$12,627,835$653,789$44,935,517
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,902
Fundraising Gross Income$64,298
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sproutlings Golf Scramble$173,905$41,537$35,495$6,042
Gala$67,280$22,761$32,407$-9,646
Total Events$241,185$64,298$67,902$-3,604
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$5,392,494
Refundable Entrance Fees and Deposits$2,503,850
DEFERRED RESIDENTS' FEES$1,635,780
Accrued Settlement Liability$1,500,000
Lease Liability$456,946
Accrued Interest Payable$378,809
Resident Security Deposits$228,083
Annuity Payable$10,859

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKentucky Economic Development Finance Authority2012-10-31$49,531,004CAPITAL IMPROVEMENTS
BLouisvillejefferson County Metro Government Kentucky2022-11-17$8,952,833CAPITAL IMPROVEMENTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$49,531,004$41,702,316$7,163,273$990,620
B$8,952,833--$178,292

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Masonic homes of kentucky, inc. Members consist of life, lodge, associate, and honorary members. The members elect directors in accordance with the bylaws and conduct regular business on an annual basis.

Form 990, Part VI, Section A, Line 7A

The board of directors shall consist of twenty-one (21) members, fifteen (15) of whom shall be elected by the members from the list of life members and six (6) of whom shall be grand master, deputy grand master, grand senior warden, grand junior warden, grand treasurer, and grand secretary of the grand lodge of kentucky, f & am, who shall be ex-officio members with full voting privileges. The board of directors may fill any vacancies stated herein.

Form 990, Part VI, Section B, Line 11B

The return was reviewed by internal management and a copy of the return was made available to the board prior to filing.

Form 990, Part VI, Section B, Line 12C

Any member of the board having an interest in a contract or other transaction presented to the board or a committee thereof for authorization, approval, or ratification shall make a prompt, full, and frank disclosure of his interest. Officers and directors are required to sign conflict of interest statements and remove themselves from any discussion and vote where they have a conflict. If a conflict is deemed to exist, such a person shall not vote on, nor use his personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction.

Form 990, Part VI, Section B, Line 15

For 2018 a consultant performed an independent analysis on the cfo, coo, and ceo. The finance committee uses this information to document and approve the salaries.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and finanacial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Masonic Homes of Kentucky Inc
EIN
61-0458374
Phone
5028974910
Address
330 MASONIC HOME DRIVE, MASONIC HOME, KY 40041

Signing Officer

Name
Kimberly Leis
Title
Sr VP Accounting
Phone
5028974910
Signed
2023-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Lacy
Formed
1949
Legal Domicile
Ky
Voting Board Members
21
Independent Board Members
21
Employees
742
Volunteers
0

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
101 S FIFTH STREET SUITE 2100, LOUISVILLE, KY 40202
Preparer
Lee Groza
Phone
5027491900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Appreciation on investments held for others -18,328. Change in fair value of beneficial interests 267,213.

Form 990, Page 12, Part XII, Line 2C

The organization has an audit committee that oversees the selection of the independent accountant and oversees the audit. There was no change in the oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has determined that the organization is exempt from federal income taxes under internal revenue code section 501(c)(3). The organization recognizes uncertain income tax positions using the "more-likely-than-not" approach as defined in the asc. No liability for uncertain tax positions has been recorded in the accompanying financial statements.

Raw XML AppendixShowing 400 of 1,042 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05322366
IRS990/AccountsReceivableGrp/BOYAmt06231643
IRS990/AccountsReceivableGrp/EOYAmt06546507
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDES AND MAINTAINS A HOME FOR WIDOWS AND ORPHANS OF DECEASED MASONS OF KENTUCKY AND PROVIDES NURSING AND MEDICAL CARE TO CERTAIN RESIDENTS.
IRS990/AdvertisingGrp/FundraisingAmt024755
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0360262
IRS990/AdvertisingGrp/TotalAmt0385017
IRS990/AllOtherContributionsAmt01415868
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IRS990/BooksInCareOfDetail/PhoneNum05027538800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0330 MASONIC HOME DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MASONIC HOME
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NURSESTAT LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SHIFTKEY LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ACCURATE HEALTHCARE PROFESSIONALS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4LUSK MECHANICAL CONTRACTORS
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IRS990/Desc0HEALTH CARE SERVICES: COMPLETE HEALTH CARE OF RESIDENTS OF THE HOME. THIS INCLUDES THREE LEVELS OF CARE: PERSONAL CARE, NURSING CARE, AND SKILLED CARE. THE STAFF CONSISTS OF A TEAM OF REGISTERED NURSES, LICENSED PRACTICAL NURSES, NURSE ASSISTANTS, MEDICAL AIDES, AND MEDICAL RECORDS PERSONNEL. MOBILE HEALTH CARE CONSISTS OF THREE LEVELS OF CARE: PERSONAL CARE, NURSING HOME, AND FACILITY. RESIDENTS ARE TRANSPORTED TO OUTSIDE MEDICAL FACILITIES AS NEEDED.
IRS990/DescribedInSection501c3Ind01
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