Is Mount Ararat Cemetery Inc Legit?

Mount Ararat Cemetery Inc. demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $3,181,937 against expenses of $2,262,310, indicating a surplus. The organization's assets have shown steady growth, increasing from $28,695,568 in 2014 to $39,142,430 in 2023, suggesting sound financial management and accumulation of resources. A notable point is the reported 0% officer compensation across all available filings, which could indicate a volunteer-led executive structure or that compensation is reported differently, warranting further investigation for full transparency. The significant increase in liabilities in 2023 to $47,963,000 from $99,068 in 2022 is a critical change that requires detailed examination to understand its nature and impact on the organization's long-term financial health. Spending efficiency appears strong, as expenses have remained relatively stable year-over-year, even with fluctuating revenues. The consistent surplus generation, except for the 2023 liability spike, allows for asset growth. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's mission, as a cemetery, inherently involves maintaining property and providing services, which would fall under program activities. The lack of reported officer compensation could be a positive indicator of resource allocation directly to operations, assuming all other compensation is reasonable and disclosed. Transparency is generally good through its consistent 990 filings. However, the 'NTEE Code: Unknown' and the dramatic increase in liabilities in 2023 without further context in the provided data are areas where more clarity would enhance transparency. Understanding the nature of these liabilities is crucial for stakeholders to fully assess the organization's financial position. The absence of specific program spending percentages in the provided data limits a complete analysis of how efficiently funds are directed towards its core mission.