LEXINGTON CEMETERY COMPANY

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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

1948

Legal Domicile

Principal Officer

KATHLEEN SPEARS

Phone

8592555622

Tax Period

2023-01-01 to 2023-12-31

LEXINGTON CEMETERY COMPANY, founded in 1948, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $835K, a strong 16% operating margin.

Mission

TO HONOR, CELEBRATE, AND MAINTAIN IN PERPETUITY THE BEAUTY AND DIGNITY OF OUR CEMETERY FOR PAST, PRESENT, AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Revenue: $1,735,523

SALES OF LOTS, NICHES, CRYPTS, AND SCATTERING

Program 2

Revenue: $724,660

INTERNMENTS

Program 3

Revenue: $195,835

CREMATION

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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 $25,216

Program Service Revenue $2,656,018

Investment Income $2,399,306

Other Revenue $48,442

TOTAL REVENUE $5,128,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,188,244

Fundraising Expenses $0

Other Expenses $2,105,518

TOTAL EXPENSES $4,293,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,128,982	$19,340,133	-0.7%
Expenses	$4,293,762	$4,033,170	+0.1%
Net Income	$835,220	$15,306,963	-0.9%

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

$331,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL L ADES	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS ALEXANDER	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS OWENS	DIRECTOR	0.50	Director	$0	$0	$0
ANTHANY BEATTY SR	SECRETARY	0.50	Officer Director	$0	$0	$0
ROBERT A BREWER	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
KIMBERLY DECAMP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILL HENKEL	DIRECTOR	0.50	Director	$0	$0	$0
MELINDA KARNS LINDY	TREASURER	0.50	Officer Director	$0	$0	$0
MARY NOBLE	DIRECTOR	0.50	Director	$0	$0	$0
MILES T PENN	PRESIDENT	40.00	Officer	$156,435	$27,633	$184,068
KATHLEEN SPEARS	CHIEF FINANCIAL OFFICER	40.00	Officer	$130,921	$16,857	$147,778

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	$5,128,982	$4,293,762	$141,631,041	$835,220
2022	$19,340,133	$4,033,170	$117,235,275	$15,306,963
2021	$9,017,874	$4,193,138	$150,406,302	$4,824,736
2020	$18,609,959	$3,936,803	$120,752,132	$14,673,156
2019	$4,215,747	$4,394,180	$99,411,765	$-178,433
2018	$2,725,620	$3,870,757	$80,550,947	$-1,145,137