FOREST CEMETERY ASSOCIATION

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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

1925

Legal Domicile

Principal Officer

JEFF SMITH

Phone

6416722243

Tax Period

2024-01-01 to 2024-12-31

FOREST CEMETERY ASSOCIATION, founded in 1925, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $346K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE OPERATIONS OF FOREST CEMETARY, A NON-PROFIT ASSOCIATION OF LOT OWNERS, CONSIST OF THE SALE OF MONUMENTS, MARKERS AND BURIAL LOTS IN MAHASKA COUNTY IOWA AND THE COLLECTION OF INTERMENT FEES AND THE ONGOING MAINTENANCE OF THE CEMETERY.

Program Service Accomplishments

Program 1

THE CEMETERY SELLS MEMORIALS AND BURIAL LOTS AND HAS BEEN RESPONSIBLE FOR PERPETUAL CEMETERY CARE AND MAINTENANCE FOR OVER 80 YEARS. THEY REQUIRE AN ADEQUATE CASH AND INVESTMENT RESERVE FOR FUTURE...

THE CEMETERY SELLS MEMORIALS AND BURIAL LOTS AND HAS BEEN RESPONSIBLE FOR PERPETUAL CEMETERY CARE AND MAINTENANCE FOR OVER 80 YEARS. THEY REQUIRE AN ADEQUATE CASH AND INVESTMENT RESERVE FOR FUTURE PERPETUAL CARE INCLUDING LOT AND MONUMENT MAINTENANCE. LOT SALES, LOT CARE AND MEMORIAL SALES ARE AN INTEGRAL PART OF THE CEMETERY OPERATIONS. THE CEMETERY SOLD 21 LOTS DURING THE YEAR.

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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 $161,270

Program Service Revenue $65,250

Investment Income $5,521

Other Revenue $65,702

TOTAL REVENUE $297,743

Expense Breakdown

Grants Paid $15,011

Salaries & Benefits $181,801

Fundraising Expenses $0

Other Expenses $149,661

TOTAL EXPENSES $346,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,743	$354,016	-0.2%
Expenses	$346,473	$328,292	+0.1%
Net Income	$-48,730	$25,724	-2.9%

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

$27,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CROOKHAM	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY SWANK	SECRETARY	1.00	Officer Director	$0	$0	$0
SHIRLEY HOLUB-MASTERSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DEGEEST	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MAIN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MATHES	FINANCIAL OF	30.00	Officer	$27,976	$0	$27,976
JEFF SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICH DEBRUIN	DIRECTOR	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	$297,743	$346,473	$544,746	$-48,730
2023	$354,016	$328,292	$592,181	$25,724
2022	$324,162	$298,790	$574,174	$25,372
2021	$289,802	$288,864	$547,984	$938
2020	$403,895	$288,106	$548,035	$115,789
2019	$564,003	$274,478	$1,157,351	$289,525