LAKE PARK CEMETERY ASSOCIATION (EIN 340347880) - 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

1914

Legal Domicile

Principal Officer

DENNIS THOMPSON

Phone

3307824221

Tax Period

2023-01-01 to 2023-12-31

LAKE PARK CEMETERY ASSOCIATION, founded in 1914, is a small nonprofit that reported $750K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 27% operating margin.

Mission

BURIAL SERVICES

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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 $708,982

Investment Income $40,712

Other Revenue $0

TOTAL REVENUE $749,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,063

Fundraising Expenses $0

Other Expenses $318,387

TOTAL EXPENSES $546,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749,694	$502,548	+0.5%
Expenses	$546,450	$454,628	+0.2%
Net Income	$203,244	$47,920	+3.2%

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

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

$18,400

Total Directors

$18,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS M LUMSDEN JR	VICE PRESIDENT	020.00	Officer Director	$6,000	$0	$6,000
MARK LUKE	SECRETARY/TREASURER	020.00	Officer Director	$6,000	$0	$6,000
DENNIS THOMPSON	PRESIDENT	020.00	Officer Director	$6,000	$0	$6,000
JOHN F PETRONY	TRUSTEE	002.00	Officer Director	$400	$0	$400
JAMES BAKER	TRUSTEE	002.00	Director	$400	$0	$400

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	$749,694	$546,450	$2,504,755	$203,244
2022	$502,548	$454,628	$2,413,551	$47,920
2021	$119,172	$64,878	$2,443,402	$54,294
2021	$714,841	$354,770	$2,408,734	$360,071
2020	$572,214	$376,521	$2,048,658	$195,693
2019	$339,540	$388,219	$1,827,594	$-48,679
2018	$408,169	$407,794	$1,815,746	$375

LAKE PARK CEMETERY ASSOCIATION