Academy of Professional Funeral Service Practice (EIN 381229924) - 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

1975

Legal Domicile

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.

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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 $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

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

$89,560

Total Directors

$89,560

Key Employees

Highest Compensated

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

Academy of Professional Funeral Service Practice