CINCINNATI FOUNDATION FOR MORTUARY EDUCATION (EIN 316064854) - 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

1966

Legal Domicile

Principal Officer

MARK D IVEY

Phone

5137612020

Tax Period

2024-07-01 to 2025-06-30

CINCINNATI FOUNDATION FOR MORTUARY EDUCATION, founded in 1966, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

WE STRIVE TO PROVIDE THE BEST EDUCATION POSSIBLE FOR THE ENTRY LEVEL PRACTICE OF FUNERAL SERVICE.

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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 $59,911

Program Service Revenue $2,315,622

Investment Income $86

Other Revenue $82,281

TOTAL REVENUE $2,457,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,452,812

Fundraising Expenses $497,902

Program Expenses $2,344,632

Other Expenses $2,009,034

TOTAL EXPENSES $3,461,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,457,900	$3,011,833	-0.2%
Expenses	$3,461,846	$3,391,335	+0.0%
Net Income	$-1,003,946	$-379,502	+1.6%

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

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

$273,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN SHAFFER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KENN PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE BITTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLEEN ELLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM FLYNN	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE HEDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM KING	BOARD MEMBER	1.00	Director	$0	$0	$0
POUL LEMASTERS	BOARD LIAISON	1.00	Officer Director	$0	$0	$0
LAURA NOBBE	SECRETARY	1.00	Officer Director	$0	$0	$0
JEROME WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLENE LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK REGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN DERSHAW	EX OFFICIO	1.00	Director	$0	$0	$0
CHAD NIETER	EX OFFICIO	1.00	Director	$0	$0	$0
JACK E LECHNER JR	PRESIDENT AND CEO	40.00	Officer	$78,674	$11,994	$90,668
JEROME WEBSTER PHD	CHIEF OPERATING OFFICER	40.00	Officer	$35,915	$3,592	$39,507
MARK D IVEY	PRESIDENT	40.00	Officer	$110,742	$32,852	$143,594

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	$2,457,900	$3,461,846	$7,316,912	$-1,003,946
2024	$3,011,833	$3,391,335	$7,446,257	$-379,502
2023	$2,050,802	$2,985,209	$6,231,817	$-934,407
2022	$2,941,530	$2,310,341	$4,763,636	$631,189
2021	$2,670,226	$2,194,599	$4,083,586	$475,627
2020	$2,491,608	$2,152,986	$3,610,010	$338,622
2019	$1,546,176	$2,008,080	$2,874,985	$-461,904
2018	$2,052,449	$1,807,806	$3,212,213	$244,643

CINCINNATI FOUNDATION FOR MORTUARY EDUCATION