MOUNT OLIVET 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

1952

Legal Domicile

Principal Officer

ARLIE DAVENPORT

Phone

8173368271

Tax Period

2022-07-01 to 2023-06-30

MOUNT OLIVET CEMETERY ASSOCIATION, founded in 1952, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $4.1M, a strong 28% operating margin.

Mission

TO PROVIDE CEMETERY AND MAUSOLEUM SPACES TO PERSONS IN NORTH CENTRAL TEXAS.

Program Service Accomplishments

Program 1

CEMETERY SALES AND SERVICE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,845,517

Investment Income $5,250,537

Other Revenue $5,269,001

TOTAL REVENUE $14,365,055

Expense Breakdown

Grants Paid $200

Salaries & Benefits $5,161,683

Fundraising Expenses $0

Other Expenses $5,123,761

TOTAL EXPENSES $10,285,644

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,365,055	$15,978,595	-0.1%
Expenses	$10,285,644	$9,304,512	+0.1%
Net Income	$4,079,411	$6,674,083	-0.4%

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

101

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

$1,574,825

Total Directors

$311,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B F HANK CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
JOY ANN HAVRAN	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE M DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID D PARKER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES G RHODES	TRUSTEE	1.00	Director	$0	$0	$0
WESLEY R TURNER	TRUSTEE	1.00	Director	$0	$0	$0
EMILY DAVENPORT	TRUSTEE	1.00	Director	$0	$0	$0
JON L STEPHENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ARLIE T DAVENPORT JR	PRESIDENT & COB	40.00	Officer Director	$291,014	$20,173	$311,187
JAMES B KENNERLY	GENERAL MANAGER & CEO	40.00	Officer	$304,180	$17,583	$321,763
MICHAEL F KELLER	TREASURER & CFO	40.00	Officer	$178,750	$6,579	$185,329
LAWANDA SCHUGART	VICE PRESIDENT	40.00	Officer	$147,191	$6,260	$153,451
TIM BROWN	VICE PRESIDENT	40.00	Officer	$135,495	$4,065	$139,560
M ELAINE PIEKARSKI	VICE PRESIDENT	40.00	Officer	$149,345	$13,085	$162,430
BILL WRIGHT	VICE PRESIDENT	40.00	Officer	$160,245	$14,942	$175,187
CYNTHIA L BOSWELL	CONTROLLER	40.00	Officer	$112,871	$13,047	$125,918
DALTON JON	EMBALMER	40.00	Highest	$116,817	$11,477	$128,294
GANTT ADRIAN	DIRECTOR OF ADVANCED PLANNING	40.00	Highest	$182,405	$7,164	$189,569
GOMEZ NORA	FAMILY SERVICE PROVIDER	40.00	Highest	$116,670	$13,103	$129,773
SPEER STEPHEN	CONTROLLER	40.00	Highest	$125,368	$4,218	$129,586
WERNER SCOTT	FAMILY SERVICE PROVIDER	40.00	Highest	$112,712	$4,509	$117,221

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,365,055	$10,285,644	$209,280,046	$4,079,411
2022	$15,978,595	$9,304,512	$199,510,382	$6,674,083
2021	$14,562,842	$8,040,406	$198,668,509	$6,522,436
2020	$10,968,059	$13,517,858	$179,020,090	$-2,549,799
2019	$10,161,561	$7,620,934	$219,697,740	$2,540,627
2018	$10,809,467	$7,432,058	$214,232,028	$3,377,409