AI Transparency Report
Hillside Cemetery Association demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent years, contributing to a stable asset base of approximately $4.7 million. For example, in 2022, revenue was $772,250 against expenses of $684,733. However, the latest filing (2023) shows expenses exceeding revenue ($671,024 vs. $521,768), indicating a potential operational deficit for that period. The organization's liabilities are consistently low, typically under $50,000, which is a positive indicator of financial stability and responsible management of debt.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent growth in assets over the years, from $4,007,490 in 2014 to $4,701,979 in 2023, suggests effective management of resources. The absence of reported officer compensation across all filings indicates a potential volunteer-led or very lean executive structure, which can contribute to lower administrative overhead.
Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The lack of reported officer compensation is a notable point, suggesting either a volunteer board or that compensation is reported under other expense categories, which would require further investigation of the full 990 forms for complete clarity. Overall, the organization appears to be a stable entity, though the recent dip into an operational deficit in 2023 warrants attention.