AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC

EIN: 132590811 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,696,058
Total Expenses
$4,882,061
Total Assets
$11,223,423
Net Assets
$2,753,949
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
NY
Principal Officer
DONALD CYMBOR
Phone
2127571190
Tax Period
2024-10-01 to 2025-09-30

AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC, founded in 1926, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE MISSION OF AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES, INC. IS TO EDUCATE STUDENTS SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND ACHIEVE THEIR GOAL TO ENTER THE FUNERAL SERVICE PROFESSION. THE INSTITUTE IS COMMITTED TO CREATING A LEARNING ENVIRONMENT THAT SUPPORTS EDUCATIONAL EXCELLENCE, ENDORSES ACADEMIC INTEGRITY AND PROMOTES STEADFASTNESS AND ETHICAL BEHAVIOR IN THE FUNERAL PROFESSION. AS A LEADER IN FUNERAL SERVICE EDUCATION FOR OVER 90 YEARS, THE INSTITUTE PROVIDES FOR AND SUPPORTS THE EDUCATIONAL NEEDS OF THE FUNERAL INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,578,427 Revenue: $3,625,091

THE INSTITUTE CONSISTENTLY EDUCATES APPROXIMATELY 270 STUDENTS PER SEMESTER AND TYPICALLY ENROLLS MORE THAN 125 NEW STUDENTS EACH YEAR. THE POPULATION DENSITY OF THE REGION THE INSTITUTE PRIMARILY...

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THE INSTITUTE CONSISTENTLY EDUCATES APPROXIMATELY 270 STUDENTS PER SEMESTER AND TYPICALLY ENROLLS MORE THAN 125 NEW STUDENTS EACH YEAR. THE POPULATION DENSITY OF THE REGION THE INSTITUTE PRIMARILY SERVES, ALONG WITH THE SEVERE STAFFING SHORTAGE IN THE PROFESSION, HAS INCREASED THE IMPORTANCE OF THE INSTITUTE'S ROLE IN FUNERAL SERVICE EDUCATION.

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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 $3,625,091
Investment Income $70,967
Other Revenue $0
TOTAL REVENUE $3,696,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,723,565
Fundraising Expenses $0
Program Expenses $1,578,427
Other Expenses $2,158,496
TOTAL EXPENSES $4,882,061

Year-over-Year Comparison

2024 2023 Change
Revenue $3,696,058 $4,030,330 -0.1%
Expenses $4,882,061 $4,666,775 +0.0%
Net Income $-1,186,003 $-636,445 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
8
Employees
32
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
6
$639,850
Total Directors
10
$158,415
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER BUCHHOLZ TRUSTEE 1.00
Director
$0 $0 $0
AYRIS GRANBY TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM FLOOKS TRUSTEE 1.00
Director
$0 $0 $0
DANIEL B MCMANUS CHAIRPERSON 10.00
Officer Director
$0 $0 $0
SHARON P TAYLOR VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MATTHEW BAILEY TREASURER 1.00
Officer Director
$0 $0 $0
NANCY BROWN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL MITTENZWEI TRUSTEE 1.00
Director
$0 $0 $0
MARY MARGARET DUNN TRUSTEE 25.00
Director
$80,143 $18,616 $98,759
MARTIN GOLDSTEIN SECRETARY 25.00
Officer Director
$59,656 $0 $59,656
JOHN FRASER VICE PRESIDENT 40.00
Officer
$233,477 $0 $233,477
DONALD CYMBOR PRESIDENT 40.00
Officer
$293,661 $53,056 $346,717
MONICA VALVANO DIRECTOR OF PROCTORING 40.00
Highest
$113,125 $0 $113,125
ANDRE RAMPAUL DIRECTOR/ADMIN 40.00
Highest
$135,066 $15,041 $150,107
JAWAY TSO FINANCIAL SPECIALIST 40.00
Highest
$135,066 $42,867 $177,933
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
2025 $3,696,058 $4,882,061 $11,223,423 $-1,186,003
2024 $4,030,330 $4,666,775 $13,625,369 $-636,445
2023 $4,224,052 $4,706,685 $13,868,424 $-482,633
2022 $6,126,960 $4,999,598 $4,990,914 $1,127,362
2021 $5,884,780 $5,182,184 $4,267,692 $702,596
2020 $4,949,016 $5,296,877 $4,206,635 $-347,861
2019 $5,301,267 $5,446,957 $3,356,297 $-145,690
2018 $5,327,525 $5,681,205 $3,608,997 $-353,680
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