Commonwealth Institute of Funeral Service (EIN 760252589) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

Cody Lopasky

Phone

2818730262

Tax Period

2023-01-01 to 2023-12-31

Commonwealth Institute of Funeral Service, founded in 1988, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 42% operating margin.

Mission

To provide educational opportunities for individuals seeking a career in 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,955

Program Service Revenue $3,595,478

Investment Income $265,918

Other Revenue $0

TOTAL REVENUE $3,873,351

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $1,056,256

Fundraising Expenses $0

Program Expenses $1,128,523

Other Expenses $1,182,191

TOTAL EXPENSES $2,258,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,873,351	$3,232,407	+0.2%
Expenses	$2,258,447	$2,026,915	+0.1%
Net Income	$1,614,904	$1,205,492	+0.3%

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

$138,231

Total Directors

$254,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven A Tidwell	Chairman	2.00	Officer Director	$0	$0	$0
Robert Boetticher Sr	Vice Chair	2.00	Officer Director	$0	$0	$0
Robert L Waltrip dec 0223	Chair Emeritus	2.00	Officer Director	$0	$0	$0
W Blair Waltrip	Vice President, Treasurer	2.00	Officer Director	$0	$0	$0
Janet S Key	Secretary	2.00	Officer Director	$0	$0	$0
Genevieve G Keeney	Board member	2.00	Director	$0	$4,733	$116,367
Stuart E Moen	Board member	2.00	Director	$0	$0	$0
Tammy Moore	Board member	2.00	Director	$0	$0	$0
Thomas Ryan	Board member	2.00	Director	$0	$0	$0
Stan Szafran	Board member	2.00	Director	$0	$0	$0
Sumner James Waring III	Board member	2.00	Director	$0	$0	$0
Cody L Lopasky	President	40.00	Officer Director	$134,104	$4,127	$138,231

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	$3,873,351	$2,258,447	$10,131,537	$1,614,904
2022	$3,232,407	$2,026,915	$8,009,195	$1,205,492
2021	$3,674,462	$2,062,447	$8,054,395	$1,612,015
2020	$3,021,038	$2,158,225	$6,749,681	$862,813
2019	$2,477,500	$2,275,893	$5,624,278	$201,607
2018	$2,270,391	$2,286,084	$4,828,424	$-15,693

Commonwealth Institute of Funeral Service