GLEN REST MEMORIAL ESTATE (EIN 314190342) - 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

1936

Legal Domicile

Principal Officer

MIKE THORNBOROUGH

Phone

6148663082

Tax Period

2024-04-01 to 2025-03-31

GLEN REST MEMORIAL ESTATE, founded in 1936, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Net assets of $7.8M represent 48 months of operating reserves.

Mission

CEMETERY OPERATIONS & PERPETUAL CARE

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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 $4,095

Program Service Revenue $1,686,951

Investment Income $218,272

Other Revenue $36,888

TOTAL REVENUE $1,946,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $855,137

Fundraising Expenses $0

Other Expenses $1,266,660

TOTAL EXPENSES $2,121,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,946,206	$1,861,564	+0.0%
Expenses	$2,121,797	$1,965,536	+0.1%
Net Income	$-175,591	$-103,972	+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

$36,400

Total Directors

$55,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DOZER	TREASURER	2.00	Officer Director	$9,100	$0	$9,100
JOHN STEPHAN JR	VICE PRESIDE	2.00	Officer Director	$9,100	$0	$9,100
MIKE THORNBOROUGH	PRESIDENT	2.00	Officer Director	$9,100	$0	$9,100
MATT WOLFE	SECRETARY	2.00	Officer Director	$9,100	$0	$9,100
DEAN A WOODYARD	TRUSTEE	2.00	Director	$9,100	$0	$9,100
RICHARD BAKER	TRUSTEE EMER	2.00	Director	$5,200	$0	$5,200
JOHN K STEPHAN	TRUSTEE EMER	2.00	Director	$5,200	$0	$5,200

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	$1,946,206	$2,121,797	$7,869,767	$-175,591
2024	$1,861,564	$1,965,536	$8,085,713	$-103,972
2023	$1,592,548	$1,787,438	$8,064,686	$-194,890
2022	$1,999,877	$1,764,479	$8,545,861	$235,398
2021	$1,884,416	$1,639,053	$8,672,206	$245,363
2020	$1,556,552	$1,536,815	$8,064,563	$19,737
2019	$1,468,883	$1,498,217	$8,115,033	$-29,334

GLEN REST MEMORIAL ESTATE