BLOOMFIELD CEMETERY ASSOCIATION

EIN: 060663372 Mutual Benefit

BLOOMFIELD, CT

Total Revenue
$1,329,539
Total Expenses
$519,447
Total Assets
$8,680,874
Net Assets
$8,680,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1854
Legal Domicile
CT
Tax Period
2024-01-01 to 2024-12-31

BLOOMFIELD CEMETERY ASSOCIATION, founded in 1854, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $810K, a strong 61% operating margin.

Mission

THE MISSION OF THE BLOOMFIELD CEMETERY ASSOCIATION IS TO SERVE THE COMMUNITY AS GUARDIANS OF THE DECEASED FOR FAMILY LOVED ONES. THE GROUNDS OF MOUNTAIN VIEW CEMETERY ARE SACREDLY DEVOTED TO THE INTERMENT AND MEMORIALIZING OF THE DECEASED. IT IS OUR GOAL TO PROVIDE FAMILIES WITH QUALIFIED, CARING ASSISTANCE AS THEY MAKE THEIR AT-NEED OR PRE-NEED ARRANGEMENTS, BEING SENSITIVE TO THE DIVERSITY OF CULTURES AND TRADITIONS SURROUNDING DEATH. AS A TRIBUTE AND LIVING MEMORIAL TO THOSE BURIED WITHIN OUR CEMETERY WE STRIVE TO ADMINISTER, MAINTAIN AND CONSERVE AN ATTRACTIVE AND SUSTAINABLE PERPETUAL RESTING PLACE. AS GUARDIANS, WE SHALL PRESERVE THE HISTORIC INTEGRITY OF THE CEMETERY BY MAINTAINING THE PERMANENT RECORDS OF THOSE WHOSE EARTHLY REMAINS HAVE BEEN ENTRUSTED TO US.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $534,706
Investment Income $794,833
Other Revenue $0
TOTAL REVENUE $1,329,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $519,447
TOTAL EXPENSES $519,447

Year-over-Year Comparison

2024 2023 Change
Revenue $1,329,539 $490,467 +1.7%
Expenses $519,447 $325,060 +0.6%
Net Income $810,092 $165,407 +3.9%
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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
$6,000
Total Directors
9
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED D ANDRESEN TREASURER/DI 2.00
Officer Director
$6,000 $0 $6,000
DOUGLAS BARNARD VICE PRES/DI 2.00
Officer Director
$0 $0 $0
RALPH BUTCH DIRECTOR 1.00
Director
$0 $0 $0
GAIL FERRIS SECRETARY/DI 2.00
Officer Director
$0 $0 $0
JOAN HACIA DIRECTOR 1.00
Director
$0 $0 $0
PETER MARSELE DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY NIELSEN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL RITSON DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SYLVESTER PRESIDENT/DI 2.00
Officer 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 $1,329,539 $519,447 $8,680,874 $810,092
2023 $490,467 $325,060 $7,665,874 $165,407
2022 $1,017,123 $317,886 $6,665,508 $699,237
2021 $647,425 $327,159 $7,329,585 $320,266
2020 $521,691 $287,919 $5,868,882 $233,772
2019 $568,080 $281,424 $5,168,931 $286,656
2018 $569,763 $263,550 $4,773,223 $306,213
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