ST MICHAEL CEMETERY CORPORATION (EIN 041474710) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

ERIC CIOFFI

Phone

6175241036

Tax Period

2023-01-01 to 2023-12-31

ST MICHAEL CEMETERY CORPORATION, founded in 1905, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 33% operating margin.

Mission

THE ORGANIZATION OPERATES A CEMETERY WHICH INCLUDES COMMUNITY MAUSOLEUMS AND COLUMBARIUMS. THE ORGANIZATION ALSO OPERATES AN ENVIRONMENTALLY FRIENDLY CREMATORY FACILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,147,219

Investment Income $1,987,288

Other Revenue $-40,029

TOTAL REVENUE $5,094,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,602,211

Fundraising Expenses $0

Other Expenses $1,831,296

TOTAL EXPENSES $3,433,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,094,478	$3,716,730	+0.4%
Expenses	$3,433,507	$3,183,881	+0.1%
Net Income	$1,660,971	$532,849	+2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$613,242

Total Directors

$516,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG CIOFFI	PRESIDENT & TREASURER, ACTING CEO	10.50	Officer Director	$145,000	$28,447	$173,447
ERIC CIOFFI	CO-PRESIDENT & SECRETARY, ACTING CHAIRMAN	10.50	Officer Director	$157,351	$0	$157,351
WILLIAM MCGRATH	CLERK	1.50	Officer Director	$23,500	$0	$23,500
ANDREW CIOFFI	TRUSTEE	1.50	Director	$27,378	$0	$27,378
PAUL CIOFFI	PAST-PRESIDENT AND TRUSTEE	10.50	Director	$134,956	$0	$134,956
MICHAEL SHEEHAN	GENERAL MANAGER	40.00	Officer	$236,520	$22,424	$258,944

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,094,478	$3,433,507	$26,300,625	$1,660,971
2022	$3,716,730	$3,183,881	$25,232,300	$532,849
2021	$3,435,807	$2,997,971	$27,660,758	$437,836
2020	$5,070,507	$2,956,420	$23,729,796	$2,114,087
2019	$2,761,522	$2,785,562	$21,838,479	$-24,040
2018	$2,802,704	$2,427,061	$19,529,531	$375,643

ST MICHAEL CEMETERY CORPORATION