CASKET AND FUNERAL SUPPLY ASSOCIAT… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

TIMOTHY J MURPHY CAE

Phone

8003622546

Tax Period

2023-06-01 to 2024-05-31

CASKET AND FUNERAL SUPPLY ASSOCIATION OF AMERICA INC, founded in 1996, is a small nonprofit that reported $233K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CASKET AND FUNERAL SUPPLY ASSOCIATION OF AMERICA, INC (CFSA), WHOSE MEMBERS PROVIDE GOODS AND SERVICES TO DEATH CARE PROFESSIONALS, SHALL PROMOTE THE WELL-BEING OF FUNERAL SUPPLY COMPANIES. THE ASSOCIATION WILL PROMOTE COMMUNICATION AND FELLOWSHIP WITHIN THE INDUSTRY WHILE PROVIDING SERVICES NECESSARY TO ASSIST ITS MEMBERS AND TO ENHANCE THEIR BUSINESS SO THAT THE PUBLIC MAY CONTINUE TO RECEIVE THE FULL BENEFIT OF MEMORIALIZATION.

Program Service Accomplishments

Program 1

CONFERENCES AND SEMINARS - ARE RELATED TO ISSUES FOR THE INDUSTRY AND ARE ATTENDED BY MEMBERS AND NON-MEMBERS.

Program 2

NEWSLETTER- THE CFSA PUBLISHES IT MONTHLY. IT IS SENT TO ALL MEMBERS, MORTUARY COLLEGES, TRADE PUBLICATIONS AND A FEW VIPS (FORMER CFSA PRESIDENTS WHO SOLD THEIR COMPANIES, KEY INDUSTRY PEOPLE, ETC). THE NEWSLETTER CONTAINS ARTICLES ABOUT FUNERAL SUPPLIERS, FUNERAL SERVICE TRENDS, FACTORS THAT MIGHT IMPACT SUPPLIERS, DEATH AND CREMATION RATES.BUSINESS OPERATIONS BENCHMARKING SURVEY & REPORT - IN-DEPTH SURVEY IDENTIFYING TRENDS AND BEST PRACTICES IN MANUFACTURING, HR OPERATIONS, EMPLOYEE COMPENSATION & BENEFITS, PRODUCT DISTRIBUTION, SUPPLY CHAIN STRENGTH. SURVEY STILL OPEN AS OF THIS DATE. WE EXPECT TO START DOING DATA ANALYSIS Q1 OF 2024.

Program 3

THE FUNERAL HOME CREDIT GUIDE COMPILES AGGREGATE PAYMENT HISTORIES OF FUNERAL HOME CUSTOMERS AS REPORTED BY MEMBERS. THE ONLINE DATA IS AVAILABLE TO ALL MEMBERS IN GOOD STANDING. DATA IS UPDATED BY THE MEMBERS AS THEY SEE FIT, AS THEY CAN UPLOAD THEIR PAYMENT EXPERIENCES WHENEVER THEY CHOOSE.

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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 $214,024

Investment Income $11,308

Other Revenue $7,614

TOTAL REVENUE $232,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $273,711

TOTAL EXPENSES $273,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,946	$293,815	-0.2%
Expenses	$273,711	$287,245	0.0%
Net Income	$-40,765	$6,570	-7.2%

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

N/A

Volunteers

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
GREG BEAVERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHARLES-OLIVIER DUMONT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI EANES	TREASURER 6.23-3.24	1.00	Officer Director	$0	$0	$0
MATT HOCKETT	TREASURER 4.24-5.24	1.00	Officer Director	$0	$0	$0
TIMOTHY J MURPHY CAE	SECRETARY, CEO	40.00	Officer Director	$0	$0	$0
JUSTIN THACKER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK TADDEO	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE HEETER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRETHERICK	DIRECTOR	1.00	Director	$0	$0	$0
ANDY LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
LELAND ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
PRESSON THOMSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WEISENBACH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
JEB CRANFORD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DIMASCIO	DIRECTOR	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	$232,946	$273,711	$374,960	$-40,765
2023	$293,815	$287,245	$307,760	$6,570
2022	$301,880	$306,554	$328,343	$-4,674
2021	$309,773	$325,872	$350,681	$-16,099
2020	$366,679	$413,775	$289,659	$-47,096
2019	$470,802	$463,120	$341,858	$7,682
2018	$482,737	$517,274	$353,671	$-34,537

CASKET AND FUNERAL SUPPLY ASSOCIATION OF AMERICA INC