HIGHLAND MEMORIAL PARK

EIN: 050156850

JOHNSTON, RI

Total Revenue
$1,664,964
Total Expenses
$1,241,208
Total Assets
$6,443,568
Net Assets
$5,984,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
RI
Principal Officer
JOSEPH R SWIFT
Phone
4012319120
Tax Period
2023-01-01 to 2023-12-31

HIGHLAND MEMORIAL PARK, founded in 1931, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 25% operating margin.

Mission

TO PROVIDE A PLACE FOR ETERNAL REST BY SELLING PLATS, LOTS, AND CRYPTS, AND FOR PROVIDING PERPETUAL MAINTENANCE OF THE BURIAL PROPERTY.

Program Service Accomplishments

Program 1

THE ORGANIZATION WAS CREATED IN 1931 TO OWN AND OPERATE A CEMETERY IN JOHNSTON RHODE ISLAND. THE CEMETERY CONSISTS OF OVER 150 ACRES AND CURRENTLY HAS APPROXIMATELY 27,500 BURIALS. THE CARE OF THE...

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THE ORGANIZATION WAS CREATED IN 1931 TO OWN AND OPERATE A CEMETERY IN JOHNSTON RHODE ISLAND. THE CEMETERY CONSISTS OF OVER 150 ACRES AND CURRENTLY HAS APPROXIMATELY 27,500 BURIALS. THE CARE OF THE CEMETERY IS IN PERPETUITY. DURING THE YEAR ENDED DECEMBER 31, 2023 THE CEMETERY DID APPROXIMATELY 430 BURIALS INCLUDING AT NEED AND PRE NEED. IN ADDITION DURING 2023 THE CEMETERY DID PRE NEED SALES FOR IN GROUND BURIALS AND ALSO PRE NEED SALES FOR ABOVE GROUND BURIALS AND MARKERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $678,901
Other Revenue $986,063
TOTAL REVENUE $1,664,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $819,581
Fundraising Expenses $0
Other Expenses $421,627
TOTAL EXPENSES $1,241,208

Year-over-Year Comparison

2023 2022 Change
Revenue $1,664,964 $1,008,962 +0.7%
Expenses $1,241,208 $1,171,062 +0.1%
Net Income $423,756 $-162,100 -3.6%
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

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Governance

Voting Members
8
Independent Members
7
Employees
17
Volunteers
8

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
4
$132,491
Total Directors
8
$132,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH R SWIFT PRESIDENT AND DIRECTOR 32.00
Officer Director
$125,088 $7,403 $132,491
WILFRID L GATES JR CHAIRMAN OF BOARD 3.00
Officer Director
$0 $0 $0
BARRY L YEAW DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL BRUSH SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA ABATECOLA DIRECTOR 1.00
Director
$0 $0 $0
THEODORE RICHARD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT J CIVETTI TREASURER 2.00
Officer Director
$0 $0 $0
PAULA CORSI DIRECTOR 1.00
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 No data No data No data No data
2023 $1,664,964 $1,241,208 $6,443,568 $423,756
2022 $1,008,962 $1,171,062 $5,949,890 $-162,100
2021 $1,383,793 $1,046,190 $6,789,887 $337,603
2020 $1,049,613 $1,053,824 $5,909,319 $-4,211
2019 $1,085,632 $1,045,629 $5,546,541 $40,003
2018 $1,070,322 $992,757 $5,013,799 $77,565
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