Gulf Cemetery Association Inc

EIN: 260464726 Mutual Benefit

Santa Rosa Beach, FL

Total Revenue
$205,139
Total Expenses
$31,041
Total Assets
$735,148
Net Assets
$735,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
Dr William G Keyes
Phone
4043137711
Tax Period
2023-01-01 to 2023-12-31

Gulf Cemetery Association Inc, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 353% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 85% operating margin.

Mission

Historic Gulf Cemetery offers burial sites on 40 acres of graceful hills with mature trees. A beautiful, shaded resting area. Created formally as a U.S. Government parcel on the 17th of June, 1914 when President WoodrowWilson signed patent 414435. The cemetery is now a Florida Historic Site, sponsored by the Gulf Cemetery Association, Inc and the Florida Department of State. The cemetery is interdenominational and is resting place to veterans as well as pioneer families who were instrumental in establishing the South Walton community.Managed by non-paid volunteers, we can continue the quality care the cemetery deserves through the sale of burial lots and donations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,334
Program Service Revenue $118,222
Investment Income $19,865
Other Revenue $58,718
TOTAL REVENUE $205,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,054
Other Expenses $31,041
TOTAL EXPENSES $31,041

Year-over-Year Comparison

2023 2022 Change
Revenue $205,139 $45,277 +3.5%
Expenses $31,041 $29,899 +0.0%
Net Income $174,098 $15,378 +10.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
25

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr William G Keyes President 10.00
Officer Director
$0 $0 $0
Rev Scooter Ward Vice President 5.00
Officer Director
$0 $0 $0
Linda Eling Secretary, Treasurer 2.00
Officer Director
$0 $0 $0
Victoria Hughes Director 2.00
Director
$0 $0 $0
Cynthia Breedlove Director 2.00
Director
$0 $0 $0
Jeffrey Ragland Director 5.00
Director
$0 $0 $0
Rick Hughes Director 2.00
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
2024 No data No data No data No data
2023 $205,139 $31,041 $735,148 $174,098
2022 $45,277 $29,899 $561,050 $15,378
2021 $194,556 $41,972 $545,673 $152,584
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