Garrett Memorial Chapel Trust (EIN 160759023) - 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

1939

Legal Domicile

Phone

2032536130

Tax Period

2024-01-01 to 2024-12-31

Garrett Memorial Chapel Trust, founded in 1939, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 50% operating margin.

Mission

Upkeep and general use of The Garrett Memorial Chapel

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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 $90,548

Program Service Revenue $0

Investment Income $100,030

Other Revenue $0

TOTAL REVENUE $190,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,479

Fundraising Expenses $0

Program Expenses $81,398

Other Expenses $62,480

TOTAL EXPENSES $95,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,578	$126,179	+0.5%
Expenses	$95,959	$71,197	+0.3%
Net Income	$94,619	$54,982	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maria Barden	President	1.00	Officer Director	$0	$0	$0
John Barden	Treasurer & Secretary	1.00	Officer Director	$0	$0	$0
Pat Barden	Trustee	1.00	Director	$0	$0	$0
John Bruning	Trustee	1.00	Director	$0	$0	$0
Barbara Bruning	Trustee	1.00	Director	$0	$0	$0
Alan Byrne	Trustee	1.00	Director	$0	$0	$0
Gail Pearson	Trustee	1.00	Director	$0	$0	$0
Bill Peck	Trustee	1.00	Director	$0	$0	$0
Jennifer Rouin	Trustee	1.00	Director	$0	$0	$0
Bishop Stephan Lane	Trustee	1.00	Director	$0	$0	$0
Anne Waasdorp	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	$190,578	$95,959	$1,270,936	$94,619
2023	$126,179	$71,197	$1,167,440	$54,982
2022	$125,805	$87,963	$1,019,447	$37,842
2021	$280,187	$625,449	$1,131,543	$-345,262
2020	$122,360	$103,399	$1,489,910	$18,961
2019	$147,651	$207,039	$1,395,108	$-59,388
2018	$271,018	$88,186	$1,311,330	$182,832

Garrett Memorial Chapel Trust