PERPETUAL CARE CEMETERY TRUST AGREEMENT OF FOREST CEMETERY ASSOC (EIN 846447096) - 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

2019

Legal Domicile

Principal Officer

MIDWESTONE BANKSANDRA MORROW VP

Phone

3192485146

Tax Period

2024-01-01 to 2024-12-31

PERPETUAL CARE CEMETERY TRUST AGREEMENT OF FOREST CEMETERY ASSOC, founded in 2019, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 45% operating margin.

Mission

TO SAFEGUARD THE PRINCIPAL OF THE CARE FUND WHICH IS INTENDED TO REMAIN AVAILABLE PERPETURALLY AS A FUNDING SOURCE FOR THE CARE OF FOREST CEMETERY IN OSKALOOSA IOWA AS SPECIFIED UNDER THE IOWA CODE CHAPTER 523I.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,051

Program Service Revenue $0

Investment Income $55,080

Other Revenue $0

TOTAL REVENUE $70,131

Expense Breakdown

Grants Paid $30,464

Salaries & Benefits $4,589

Fundraising Expenses $0

Program Expenses $30,464

Other Expenses $3,740

TOTAL EXPENSES $38,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,131	$38,340	+0.8%
Expenses	$38,793	$7,513	+4.2%
Net Income	$31,338	$30,827	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIDWESTONE BANKSANDRA MORROW VP	CO-TRUSTEE	2.00		$6,119	$0	$6,119
JAMES M HANSEN	CO-TRUSTEE	N/A	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
2024	$70,131	$38,793	$809,243	$31,338
2023	$38,340	$7,513	$761,604	$30,827
2022	$26,462	$39,782	$670,151	$-13,320
2021	$72,325	$56,542	$824,782	$15,783
2020	$34,139	$12,824	$781,357	$21,315

PERPETUAL CARE CEMETERY TRUST AGREEMENT OF FOREST CEMETERY ASSOC