PIERCE MORTUARY COLLEGES INC

EIN: 751104546 501(c)(3)

BROADVIEW, IL

Total Revenue
$18,507,937
Total Expenses
$19,184,792
Total Assets
$15,573,779
Net Assets
$12,955,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
TX
Principal Officer
JOSEPH R FINOCCHIARO
Phone
7088651600
Tax Period
2024-01-01 to 2024-12-31

PIERCE MORTUARY COLLEGES INC, founded in 1962, is a mid-sized nonprofit that reported $18.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

EDUCATING STUDENTS ON THE SUBJECT OF EMBALMING OF THE HUMAN DEAD AND THE BUSINESS AND PROFESSION OF FUNERAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,785
Program Service Revenue $17,795,533
Investment Income $605,201
Other Revenue $104,418
TOTAL REVENUE $18,507,937

Expense Breakdown

Grants Paid $154,658
Salaries & Benefits $10,436,307
Fundraising Expenses $0
Program Expenses $13,051,957
Other Expenses $8,593,827
TOTAL EXPENSES $19,184,792

Year-over-Year Comparison

2024 2023 Change
Revenue $18,507,937 $19,743,766 -0.1%
Expenses $19,184,792 $20,952,968 -0.1%
Net Income $-676,855 $-1,209,202 -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

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Governance

Voting Members
4
Independent Members
2
Employees
209
Volunteers
4

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
7
$1,525,866
Total Directors
4
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH U SUHOR III CHAIRMAN 5.00
Officer Director
$5,000 $0 $5,000
MARK BATES TRUSTEE 5.00
Director
$0 $0 $0
TIMOTHY R BORDEN TRUSTEE 2.00
Director
$5,000 $0 $5,000
JAY D DODDS TRUSTEE 2.00
Director
$5,000 $0 $5,000
DON MADELUNG FORMER PRESIDENT/CEO 40.00
Officer
$272,067 $0 $272,067
TYLER WRIGHT VICE PRESIDENT/COO 40.00
Officer
$252,345 $0 $252,345
LISA MUSIOL NATIONAL DIRECTOR OF ACADE 40.00
Officer
$202,589 $0 $202,589
EDWARD HART CHIEF FINANCIAL OFFICER 40.00
Officer
$291,624 $0 $291,624
BILLIE WILSON COP 40.00
Officer
$185,264 $0 $185,264
JOSEPH FINOCCHIARO PRESIDENT/CEO 40.00
Officer
$316,977 $0 $316,977
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 $18,507,937 $19,184,792 $15,573,779 $-676,855
2023 $19,743,766 $20,952,968 $17,015,480 $-1,209,202
2022 $20,111,570 $18,293,542 $18,570,524 $1,818,028
2021 $16,634,477 $12,285,711 $14,603,316 $4,348,766
2020 $12,337,871 $9,515,673 $9,367,272 $2,822,198
2019 $8,967,272 $8,320,895 $6,318,817 $646,377
2018 $6,613,617 $6,318,438 $5,503,494 $295,179
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