Academy of Professional Funeral Service Practice

EIN: 381229924 501(c)(3)

Lincoln, NE

Total Revenue
$162,838
Total Expenses
$232,665
Total Assets
$961,321
Net Assets
$883,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
WI
Principal Officer
Christie Ward
Phone
7706468988
Tax Period
2024-01-01 to 2024-12-31

Academy of Professional Funeral Service Practice, founded in 1975, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $233K exceeded revenue, resulting in a 43% operating deficit.

Mission

To promote continuing professional education among funeral service practitioners and provide a program for funeral service practitioners which will increase their competence and proficiency in serving the public.

Program Service Accomplishments

Program 1
Expenses: $209,593 Revenue: $0

Certification of individuals for obtaining 180 hours of continuing education in the funeral service practice

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $127,740
Program Service Revenue $0
Investment Income $35,098
Other Revenue $0
TOTAL REVENUE $162,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,365
Fundraising Expenses $0
Program Expenses $209,593
Other Expenses $126,300
TOTAL EXPENSES $232,665

Year-over-Year Comparison

2024 2023 Change
Revenue $162,838 $146,718 +0.1%
Expenses $232,665 $222,907 +0.0%
Net Income $-69,827 $-76,189 -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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
10

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
4
$89,560
Total Directors
10
$89,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christie Ward Executive Director 40.00
Officer Director
$89,560 $0 $89,560
Gary Potts CFSP Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Kyle Ledford CFSP President 1.00
Officer Director
$0 $0 $0
Jerri Reed-Taylor Member 1.00
Director
$0 $0 $0
Sharon Stahl CFSP Member 1.00
Director
$0 $0 $0
Lauren M Budrow CFSP Immediate Past President 1.00
$0 $0 $0
Laurel T Klosterman CFSP Member 1.00
Director
$0 $0 $0
Crystal Matthews-Marrow Vice President 1.00
Officer Director
$0 $0 $0
Allyse Worland CFSP Member 1.00
Director
$0 $0 $0
Robert Barnes CFSP Member 1.00
Director
$0 $0 $0
Rhonda Pleasants CFSP Member 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
2024 $162,838 $232,665 $961,321 $-69,827
2023 $146,718 $222,907 $1,015,528 $-76,189
2022 $367,412 $175,738 $1,029,854 $191,674
2021 $146,277 $110,039 $838,978 $36,238
2020 $131,407 $116,186 $802,403 $15,221
2019 $159,401 $134,046 $786,755 $25,355
2018 $160,044 $110,977 $761,346 $49,067
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