WORCESTER COUNTY MEMORIAL PARK INC (EIN 042303664) - 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

1961

Legal Domicile

Phone

5087910350

Tax Period

2023-11-01 to 2024-10-31

WORCESTER COUNTY MEMORIAL PARK INC, founded in 1961, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE BURIAL NEEDS TO PLOT OWNERS.

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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 $0

Investment Income $123,969

Other Revenue $1,206,088

TOTAL REVENUE $1,330,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,098,173

Fundraising Expenses $0

Other Expenses $597,079

TOTAL EXPENSES $1,695,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,330,057	$1,429,570	-0.1%
Expenses	$1,695,252	$1,660,087	+0.0%
Net Income	$-365,195	$-230,517	+0.6%

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

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

$292,800

Total Directors

$311,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN KILLELEA	PRES / DIR	40.00	Officer Director	$98,400	$0	$150,800
BRIAN KILLELEA	Vice President	40.00	Officer Director	$89,600	$0	$142,000
KATHRYN SHRAUGER	Director	40.00	Director	$9,100	$0	$18,200
MICHAEL K JONES	Director	0.00	Director	$0	$0	$0
JOEL SZCZEPANEK	Director	0.00	Director	$0	$0	$0

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	$1,330,057	$1,695,252	$3,889,667	$-365,195
2023	$1,429,570	$1,660,087	$3,844,817	$-230,517
2022	$1,460,989	$1,650,133	$3,840,071	$-189,144
2021	$1,654,488	$1,635,168	$4,248,145	$19,320
2020	$1,194,568	$1,604,696	$3,649,295	$-410,128
2019	$1,243,589	$1,703,463	$3,467,251	$-459,874
2018	$1,066,620	$1,730,950	$3,701,794	$-664,330

WORCESTER COUNTY MEMORIAL PARK INC