SCHENECTADY MEMORIAL PARK ASSOCIATION INC

EIN: 141041539

Schenectady, NY

Total Revenue
$100,578
Total Expenses
$128,411
Total Assets
$309,017
Net Assets
$21,501
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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
1936
Legal Domicile
NY
Principal Officer
Michele Hulbert
Phone
5183720030
Tax Period
2025-01-01 to 2025-12-31

SCHENECTADY MEMORIAL PARK ASSOCIATION INC, founded in 1936, is a small nonprofit that reported $101K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 28% operating deficit.

Mission

To provide memorialization and final disposition of human remains.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $30,850
Investment Income $0
Other Revenue $69,728
TOTAL REVENUE $100,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,234
Fundraising Expenses $0
Program Expenses $30,321
Other Expenses $32,177
TOTAL EXPENSES $128,411

Year-over-Year Comparison

2025 2024 Change
Revenue $100,578 $127,389 -0.2%
Expenses $128,411 $131,345 0.0%
Net Income $-27,833 $-3,956 +6.0%
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
5
Independent Members
2
Employees
4
Volunteers
2

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
3
$77,340
Total Directors
0
$0
Key Employees
3
$77,340
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kip E Asmus President 40
Officer Key Emp
$31,200 $0 $31,200
Crystal Bynum Secretary 36
Officer Key Emp
$23,145 $0 $23,145
Michele D Hulbert Treasurer 40
Officer Key Emp
$22,995 $0 $22,995
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 $100,578 $128,411 $309,017 $-27,833
2024 $127,389 $131,345 $331,291 $-3,956
2023 $113,168 $107,668 $320,442 $5,500
2022 $94,679 $93,747 $299,136 $932
2021 $118,110 $103,321 $324,626 $14,789
2020 $79,444 $76,727 $288,645 $2,717
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