Ferncliff Cemetery Association (EIN 130701750) - 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

1902

Legal Domicile

Principal Officer

Philip J Tassi

Phone

9146934700

Tax Period

2024-01-01 to 2024-12-31

Ferncliff Cemetery Association, founded in 1902, is a mid-sized nonprofit that reported $27.9M in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 56% operating margin.

Mission

The orgainization is a non-sectarian cemetery which also operates a crematory providing for the present and future death care needs of the New York Metropolitan area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,471,243

Investment Income $18,449,622

Other Revenue $4,259

TOTAL REVENUE $27,925,124

Expense Breakdown

Grants Paid $9,261

Salaries & Benefits $6,940,009

Fundraising Expenses $0

Program Expenses $10,940,490

Other Expenses $5,442,061

TOTAL EXPENSES $12,391,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,925,124	$14,047,683	+1.0%
Expenses	$12,391,331	$11,698,468	+0.1%
Net Income	$15,533,793	$2,349,215	+5.6%

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

$1,440,474

Total Directors

$1,479,259

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip J Tassi	CFO/COO/EVP/Treasurer/Board	35.00	Officer Director	$481,891	$88,361	$570,252
Kevin M Boyd	CEO/President/Board	35.00	Officer Director	$475,280	$88,177	$563,457
Joanne Aliberto	VP/Secretary	35.00	Officer	$249,249	$57,516	$306,765
Mario Robles	Asst Supervisor/Inscriber	40.00	Highest	$202,674	$49,401	$252,075
Craig Burrows	Sales Representative	35.00	Highest	$167,972	$59,579	$227,551
James Baumann	Facilities Manager	40.00	Highest	$167,077	$72,616	$239,693
Michael Rizzi	Sales Representative	35.00	Highest	$162,121	$72,318	$234,439
Angela Timpone	Controller	35.00	Highest	$161,475	$36,772	$198,247
James G Mullaney	Director of Investments/Board	17.50	Director	$151,000	$0	$151,000
Christopher Taylor	Board/Lead Dirctor/Audit Chair	7.00	Director	$53,550	$0	$53,550
Edward M Foley Jr	Board/Investment Chair	7.00	Director	$50,250	$0	$50,250
Biagio Merendino	Board	2.00	Director	$31,250	$0	$31,250
Neal Bastable Jr	Board	2.00	Director	$30,000	$0	$30,000
James Ryan	Board	2.00	Director	$29,500	$0	$29,500

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	$27,925,124	$12,391,331	$351,029,718	$15,533,793
2023	$14,047,683	$11,698,468	$318,846,024	$2,349,215
2022	$16,902,692	$11,312,525	$284,685,002	$5,590,167
2021	$32,920,471	$11,035,142	$321,837,368	$21,885,329
2020	$17,618,405	$10,436,960	$291,438,658	$7,181,445

Ferncliff Cemetery Association