FAIRMONT CEMETARY ASSOCIATION

EIN: 410244520

FAIRMONT, MN

Total Revenue
$173,268
Total Expenses
$116,256
Total Assets
$207,635
Net Assets
$205,757
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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
1972
Legal Domicile
MN
Principal Officer
BRAD BUHMANN
Phone
5072381932
Tax Period
2023-10-01 to 2024-09-30

FAIRMONT CEMETARY ASSOCIATION, founded in 1972, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 33% operating margin.

Mission

TO SELL CEMETERY PLOTS AND MAINTAIN THE CEMETERY PROPERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $95,799
Program Service Revenue $65,490
Investment Income $654
Other Revenue $11,325
TOTAL REVENUE $173,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,338
Fundraising Expenses $0
Other Expenses $58,918
TOTAL EXPENSES $116,256

Year-over-Year Comparison

2023 2022 Change
Revenue $173,268 $124,932 +0.4%
Expenses $116,256 $125,513 -0.1%
Net Income $57,012 $-581 -99.1%
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
7
Independent Members
7
Employees
10
Volunteers
14

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
$26,940
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA BULFER TREASURER/AS 26.00
Officer
$26,940 $0 $26,940
STEVE FOSNESS DIRECTOR 1.00
Director
$0 $0 $0
KATHY GRATZ DIRECTOR 1.00
Director
$0 $0 $0
LYNN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BRAD BUHMANN PRESIDENT 1.00
Officer
$0 $0 $0
CHERYL RIPPKE SECRETARY 1.00
Officer
$0 $0 $0
MICHAEL SCHUTZ VICE PRESIDE 1.00
Officer
$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 $173,268 $116,256 $207,635 $57,012
2023 $124,932 $125,513 $192,625 $-581
2022 $131,303 $128,194 $181,512 $3,109
2021 $96,461 $109,534 $210,394 $-13,073
2020 $73,958 $114,368 $219,928 $-40,410
2019 $94,829 $118,082 $246,143 $-23,253
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