Princeton Abbey and Cemetery Inc

EIN: 461614842 Mutual Benefit

Houston, TX

Total Revenue
$-751,441
Total Expenses
$458,222
Total Assets
$2,792,705
Net Assets
$-1,954,880
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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
2012
Legal Domicile
NJ
Principal Officer
WILLIAM C PASSODELIS
Phone
2814531260
Tax Period
2023-01-01 to 2023-12-31

Princeton Abbey and Cemetery Inc, founded in 2012, is a micro nonprofit in the Mutual Benefit sector that reported $751K in total revenue in fiscal year 2023. Revenue fell 174% from the prior year — a significant decline worth monitoring.

Mission

The corporation is formed for the purposes of owning and operating a cemetery.

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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 $0
Program Service Revenue $20,520
Investment Income $0
Other Revenue $-771,961
TOTAL REVENUE $-751,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,509
Fundraising Expenses $0
Other Expenses $318,713
TOTAL EXPENSES $458,222

Year-over-Year Comparison

2023 2022 Change
Revenue $-751,441 $1,014,518 -1.7%
Expenses $458,222 $813,668 -0.4%
Net Income $-1,209,663 $200,850 -7.0%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
11
$5,493,323
Total Directors
5
$2,896,901
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J Bradley Green Chief Executive Officer 1.0
Officer Director
$0 $14,808 $1,352,838
Jay Dodds President and COO 1.0
Officer Director
$0 $16,058 $1,078,560
Daniel Millett Chief Financial Officer 1.0
Officer
$0 $6,563 $634,031
Jennifer Hay General Counsel 1.0
Officer
$0 $7,571 $609,824
William C Passodelis Vice President Operations 8.0
Officer Director
$0 $22,409 $465,503
Lorie Johnson VP Human Resources 1.0
Officer
$0 $9,686 $391,292
Jeff Parker Chief Technology Officer 1.0
Officer
$0 $11,147 $375,427
W Clark Harlow SVP Oper. Finance/Acct 1.0
Officer
$0 $17,045 $363,994
Louis Shook Sales Manager 8.0
Highest
$0 $8,303 $247,482
Mario Cutungo VP - Maintenance 8.0
Officer
$0 $19,441 $221,854
David Belt Vice President 1.0
Officer Director
$0 $0 $0
Fr Elmer Bauer Trustee 1.0
Director
$0 $0 $0
Ofer Ohad Vice President 2.0
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 No data No data No data No data
2023 $-751,441 $458,222 $2,792,705 $-1,209,663
2022 $1,014,518 $813,668 $3,807,501 $200,850
2021 $59,183 $477,655 $-588,162 $-418,472
2020 $180,829 $414,378 $2,227,141 $-233,549
2019 $62,399 $349,714 $2,155,608 $-287,315
2018 $115,890 $312,188 $2,096,185 $-196,298
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