MEMORIAL PARK ESTATES INC (EIN 364516316) - 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

2005

Legal Domicile

Principal Officer

MARK HAYWOOD

Phone

5747732910

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL PARK ESTATES INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $238K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $294K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW INCOME ELDERLY INDIVIDUALS.

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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 $237,746

Investment Income $98

Other Revenue $79

TOTAL REVENUE $237,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,952

Fundraising Expenses $0

Program Expenses $225,920

Other Expenses $248,916

TOTAL EXPENSES $293,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,923	$192,214	+0.2%
Expenses	$293,868	$257,357	+0.1%
Net Income	$-55,945	$-65,143	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT HAYWOOD	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
MELVIN JOHNSON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
MARK HAYWOOD	PRESIDENT	0.50	Officer Director	$0	$0	$0
HENRY ETTA SAVAGE	MEMBER	0.50	Director	$0	$0	$0
TIM RUSSELL	MEMBER	0.50	Director	$0	$0	$0
KELTON SEALS	MEMBER	0.50	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	$237,923	$293,868	$1,690,243	$-55,945
2022	$192,214	$257,357	$1,804,687	$-65,143
2021	$168,341	$280,650	$1,855,960	$-112,309
2020	$162,596	$224,243	$1,886,666	$-61,647
2019	$201,034	$230,027	$1,926,029	$-28,993
2018	$174,217	$226,279	$1,948,795	$-52,062

MEMORIAL PARK ESTATES INC