FRIENDS OF MIDDLESBORO CEMETERY INC

EIN: 832067144 501(c)(3) Mutual Benefit

MIDDLESBORO, KY

Total Revenue
$223,775
Total Expenses
$11,573
Total Assets
$255,099
Net Assets
$255,099
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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
2018
Legal Domicile
KY
Principal Officer
WILLIAM T BISCEGLIA
Phone
6062691155
Tax Period
2022-01-01 to 2022-12-31

FRIENDS OF MIDDLESBORO CEMETERY INC, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $224K in total revenue in fiscal year 2022. Revenue surged 964% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 95% operating margin.

Mission

PROMOTION OF SOCIAL WELFARE, HISTORIC PRESERVATION AND TO PROVIDE FOR THE MAINTENANCE AND CARE OF A SUITABLE LOCATION FOR BURIALS AND INTERMENT, PRIMARILY THE MIDDLESBORO CEMETERY; THE EFFORTS OF THE CORPORATION IN THIS REGARD WILL FURTHER SERVE TO LESSEN THE BURDENS OF GOVERNMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $223,775
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,775

Expense Breakdown

Grants Paid $11,025
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,525
Other Expenses $548
TOTAL EXPENSES $11,573

Year-over-Year Comparison

2022 2021 Change
Revenue $223,775 $21,025 +9.6%
Expenses $11,573 N/A N/A
Net Income $212,202 $21,025 +9.1%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM T BISCEGLIA PRESIDENT 10.00
Officer Director
$0 $0 $0
GLENDA JUSTICE COLEMAN SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
KEITH NAGLE DIRECTOR 1.00
Director
$0 $0 $0
DAVID R BULLOCK DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SCHNEIDER DIRECTOR 2.00
Director
$0 $0 $0
JUDITH BURNS DIRECTOR 0.50
Director
$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
2022 $223,775 $11,573 $255,099 $212,202
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