Fairmount Memorial 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

1946

Legal Domicile

Principal Officer

David Ittner

Phone

5093266813

Tax Period

2023-01-01 to 2023-12-31

Fairmount Memorial Association, founded in 1946, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 30% operating margin.

Mission

To provide the services and facilities required or desired by members of our community at life's end. We will strive for excellence in everything we do, providing services in an expedient and compassionate manner.

Program Service Accomplishments

Program 1

Cemetery operations. The Association will operate efficiently, prudently and profitably so as to ensure reasonable costs to our families and endowed care of our facilities.

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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 $0

Program Service Revenue $1,832,847

Investment Income $1,422,625

Other Revenue $4,311,308

TOTAL REVENUE $7,566,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,386,080

Fundraising Expenses $0

Other Expenses $1,895,438

TOTAL EXPENSES $5,281,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,566,780	$5,482,031	+0.4%
Expenses	$5,281,518	$5,489,835	0.0%
Net Income	$2,285,262	$-7,804	-293.8%

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

$431,735

Total Directors

$247,525

Key Employees

$523,584

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Richards	Chairman	1.00	Officer Director	$0	$0	$0
Dan Olson	Vice-Chairman (until 01/23)	1.00	Officer Director	$0	$0	$0
Gregory J Tripp	Director/Vice-Chairman (beg 01/23)	1.00	Officer Director	$0	$0	$0
Charlene Hombel	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Tyrus Tenold	Director	1.00	Director	$0	$0	$0
Tom Quigley	Director	1.00	Director	$0	$0	$0
Ned Rumpeltes	Director	1.00	Director	$0	$0	$0
Harvey A Oye	Director	1.00	Director	$0	$0	$0
Steve Baker	Director	1.00	Director	$0	$0	$0
David Coombs	Director	1.00	Director	$0	$0	$0
Kim Please	Director	1.00	Director	$0	$0	$0
Gary Bernardo	Director	1.00	Director	$0	$0	$0
George Gee	Director	1.00	Director	$0	$0	$0
Mike Wilson	Director	1.00	Director	$0	$0	$0
Tyler J Black	Director	1.00	Director	$0	$0	$0
Steve Yoshihara	Director	1.00	Director	$0	$0	$0
Paul Davis	Director	1.00	Director	$0	$0	$0
Kathy Anson	Director (until 03/23)	1.00	Director	$0	$0	$0
David Ittner	CEO/President	20.00	Officer Director	$0	$25,377	$247,525
Mitchell Johnson	Chief Financial Officer	20.00	Officer	$0	$20,570	$184,210
Sandra Walker	VP - Strategic Business	10.00	Key Emp	$0	$42,927	$206,823
Jorge Vara	Director of Sales	35.00	Key Emp	$0	$35,105	$316,761
Annalisa Ludwig	Family Service Representative	35.00	Highest	$0	$16,646	$149,776
Ryan Bishop	Family Service Representative	35.00	Highest	$0	$0	$173,819
Isaac Freebairn	Family Service Representative	35.00	Highest	$0	$18,558	$144,400
Candace Aramburu	Director of HR & Marketing	20.00	Highest	$0	$5,795	$143,657
Patrick Smart	Family Service Representative	35.00	Highest	$0	$17,858	$142,790

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	$7,566,780	$5,281,518	$46,062,214	$2,285,262
2022	$5,482,031	$5,489,835	$41,128,220	$-7,804
2021	$6,041,278	$5,724,930	$33,112,823	$316,348
2020	$12,107,700	$5,018,340	$29,435,885	$7,089,360
2019	$4,158,891	$4,599,299	$19,375,448	$-440,408
2018	$4,152,673	$4,084,202	$19,492,697	$68,471