Restland Memorial Park Association (EIN 221228450) - 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

1931

Legal Domicile

Principal Officer

WILLIAM C PASSODELIS

Phone

2814531260

Tax Period

2023-01-01 to 2023-12-31

Restland Memorial Park Association, founded in 1931, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $9.3M represent 35 months of operating reserves.

Mission

PROVIDE CEMETERY PROPERTY AND SERVICES TO THE PUBLIC ON BOTH A PRE-NEED AND AT-NEED BASIS AND MAINTAINING THE PROPERTY IN PERPETUITY.

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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 $200,294

Investment Income $-678

Other Revenue $3,009,203

TOTAL REVENUE $3,208,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $885,566

Fundraising Expenses $0

Other Expenses $2,313,252

TOTAL EXPENSES $3,198,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,208,819	$2,962,256	+0.1%
Expenses	$3,198,818	$2,953,280	+0.1%
Net Income	$10,001	$8,976	+0.1%

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

N/A

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

$5,027,820

Total Directors

$4,000,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Bradley Green	Chief Executive Officer	1.0	Officer Director	$0	$14,808	$1,352,838
Jay Dodds	President and COO	1.0	Officer Director	$0	$16,058	$1,078,560
Daniel Millett	Chief Financial Officer	1.0	Officer Director	$0	$6,563	$634,031
Jennifer Hay	General Counsel	1.0	Officer	$0	$7,571	$609,824
William C Passodelis	Vice President - Operations	8.0	Director	$0	$22,409	$465,503
Lorie Johnson	VP - Human Resources	1.0	Officer	$0	$9,686	$391,292
Jeff Parker	Chief Technology Officer	1.0	Officer	$0	$11,147	$375,427
W Clark Harlow	SVP Oper. Finance/Acct	1.0	Officer	$0	$17,045	$363,994
Louis Shook	Sales Manager	8.0	Director	$0	$8,303	$247,482
Mario Cutungo	VP - Maintenance	8.0	Officer Director	$0	$19,441	$221,854
Marlene Augusto	Family Service Counselor	40.0	Highest	$0	$7,671	$147,775

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	$3,208,819	$3,198,818	$26,752,925	$10,001
2022	$2,962,256	$2,953,280	$21,113,586	$8,976
2021	$2,045,999	$2,035,999	$24,470,404	$10,000
2020	$3,914,798	$3,904,798	$15,270,000	$10,000
2019	$5,511,760	$5,501,761	$15,495,240	$9,999
2018	$2,317,486	$1,418,926	$15,798,595	$898,560

Restland Memorial Park Association