LEBANON CEMETERY ASSOCIATION OF QUEENS INC (EIN 111104610) - 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

1929

Legal Domicile

Principal Officer

JAY L IVLER

Phone

7188210200

Tax Period

2023-01-01 to 2023-12-31

LEBANON CEMETERY ASSOCIATION OF QUEENS INC, founded in 1929, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.1M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 37% operating margin.

Mission

MOUNT LEBANON CEMETERY CORPORATION WAS FORMED IN 1914 AND ORGANIZED AS THE LEBANON CEMETERY ASSOCIATION OF QUEENS, INC. BY A CERTIFICATE OF INCORPORATION FILED IN 1929. OUR MISSION, THEN AND NOW, IS TO MAINTAIN AND OPERATE A CEMETERY. SERVICES PROVIDED INCLUDE THE SALE OF BURIAL SPACE, TO MAKE INTERMENTS AND THE MAINTENANCE OF OUR GROUNDS.

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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 $1,682,492

Investment Income $10,428,867

Other Revenue $0

TOTAL REVENUE $12,111,359

Expense Breakdown

Grants Paid $6,450

Salaries & Benefits $4,009,413

Fundraising Expenses $0

Other Expenses $3,573,058

TOTAL EXPENSES $7,588,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,111,359	$7,863,522	+0.5%
Expenses	$7,588,921	$7,357,210	+0.0%
Net Income	$4,522,438	$506,312	+7.9%

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

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

$947,527

Total Directors

$1,028,127

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY L IVLER	PRESIDENT & DIRECTOR	40.00	Officer Director	$381,414	$56,964	$438,378
JORDAN IVLER	SECRETARY & DIR. OF SALES	40.00	Officer Director	$140,615	$48,044	$188,659
MATTHEW IVLER	VICE PRESIDENT & DIRECTOR	40.00	Officer Director	$253,313	$67,177	$320,490
ALLAN KOMITEE	DIRECTOR	0.50	Director	$22,400	$0	$22,400
MICHAEL NUSSBAUM	DIRECTOR	0.50	Director	$22,400	$0	$22,400
A ALLEN BLOCK	DIRECTOR	0.20	Director	$17,900	$0	$17,900
DOMINICK TARANTINO	DIRECTOR	0.20	Director	$17,900	$0	$17,900
MARIBETH CIGNA	OFFICE MANAGER	40.00	Highest	$121,470	$13,548	$135,018
MICHAEL D'AGOSTINO	FOREMAN	40.00	Highest	$122,164	$39,358	$161,522
JOHN DICKINSON	FOREMAN	40.00	Highest	$114,644	$44,454	$159,098
ERIC FELDMAN	COMPTROLLER	40.00	Highest	$119,485	$40,020	$159,505
CHRISTOPHER HARREUS	SUPERINTENDNET	40.00	Highest	$133,785	$49,140	$182,925

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	$12,111,359	$7,588,921	$216,148,109	$4,522,438
2022	$7,863,522	$7,357,210	$193,805,002	$506,312
2021	$17,216,733	$7,570,915	$206,973,270	$9,645,818
2020	$7,636,917	$6,908,127	$173,548,896	$728,790
2019	$7,343,319	$6,718,108	$175,348,187	$625,211
2018	$9,342,174	$6,531,324	$150,330,411	$2,810,850

LEBANON CEMETERY ASSOCIATION OF QUEENS INC