LAKEWOOD CEMETERY ASSOCIATION (EIN 410364020) - 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

1871

Legal Domicile

Principal Officer

CHRISTOPHER MAKOWSKE

Phone

6128222171

Tax Period

2023-10-01 to 2024-09-30

LAKEWOOD CEMETERY ASSOCIATION, founded in 1871, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 26% operating margin.

Mission

WE SERVE FAMILIES AND OUR COMMUNITY BY OFFERING COMMEMORATIVE SERVICES TO HONOR, CELEBRATE, AND REMEMBER A LOVED ONE'S LIFE IN A PLACE OF BEAUTY AND SOLACE.

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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 $57,368

Program Service Revenue $9,468,616

Investment Income $9,402,270

Other Revenue $331,735

TOTAL REVENUE $19,259,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,953,042

Fundraising Expenses $0

Other Expenses $10,349,858

TOTAL EXPENSES $14,302,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,259,989	$9,532,741	+1.0%
Expenses	$14,302,900	$14,263,401	+0.0%
Net Income	$4,957,089	$-4,730,660	-2.0%

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

$263,665

Total Directors

$44,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT ADAMS	SECRETARY	0.50	Officer Director	$9,500	$0	$9,500
RUFUS WINTON	TRUSTEE	0.50	Director	$7,000	$0	$7,000
JOSE PERIS	TRUSTEE	0.50	Director	$6,750	$0	$6,750
CHRISTINE BENT	VICE CHAIR	0.50	Officer Director	$6,500	$0	$6,500
DEBORAH HOPP	CHAIR	0.50	Officer Director	$6,000	$0	$6,000
KATHLEEN P PEPSKI	TREASURER	0.50	Officer Director	$4,250	$0	$4,250
ROGER SIT	TRUSTEE	0.20	Director	$2,250	$0	$2,250
LYNN CASEY	TRUSTEE	0.30	Director	$1,750	$0	$1,750
TONY LEUNG	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MAKOWSKE	PRESIDENT	44.00	Officer	$215,716	$21,699	$237,415
KELSIE MATESKI	DIRECTOR OF FINANCE & ADMINISTRATION	44.00	Highest	$139,494	$18,719	$158,213
KELLY LEAHY	DIRECTOR OF FAMILY SERVICES	45.00	Highest	$143,797	$13,174	$156,971
JULIA GILLIS	DIRECTOR OF MARKETING AND OUTREACH	44.00	Highest	$143,143	$13,561	$156,704
STEPHEN JORDAN	IT MANAGER	40.00	Highest	$124,880	$21,905	$146,785
PAUL AARESTAD	DIRECTOR OF BUILDINGS AND GROUNDS	45.00	Highest	$112,179	$19,950	$132,129

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	$19,259,989	$14,302,900	$378,083,936	$4,957,089
2023	$9,532,741	$14,263,401	$358,653,247	$-4,730,660
2022	$35,478,831	$12,091,533	$310,078,814	$23,387,298
2021	$27,300,829	$11,367,944	$346,558,483	$15,932,885
2020	$10,575,689	$10,195,530	$271,699,746	$380,159
2019	$8,202,497	$9,841,968	$264,187,627	$-1,639,471
2018	$21,031,292	$9,179,047	$262,387,748	$11,852,245

LAKEWOOD CEMETERY ASSOCIATION