Clover Leaf Park Cemetery Association

Clover Leaf Park Cemetery Association maintains substantial assets despite a recent operational deficit, with no reported officer compensation.

EIN: 220827940 · Altamonte Spg, FL · Updated: 2026-03-28

$6.9MRevenue

$66.4MAssets

85/100Mission Score (Excellent)

About Clover Leaf Park Cemetery Association

Clover Leaf Park Cemetery Association (EIN: 220827940) is a nonprofit organization based in Altamonte Spg, FL. The organization reported total revenue of $6.9M and total assets of $66.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clover Leaf Park Cemetery Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Clover Leaf Park Cemetery Association demonstrates a stable financial position with substantial assets, consistently exceeding $60 million over the past decade, reaching $66.2 million in 2023. While the organization experienced a deficit in 2023, with expenses of $6.3 million exceeding revenue of $5.2 million, this appears to be an anomaly in a trend of generally balanced or surplus operations. For instance, in 2022, revenue of $5.2 million comfortably covered expenses of $4.9 million. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to minimizing administrative overhead related to executive pay, which is a positive sign for spending efficiency.

The organization's financial health is bolstered by its significant asset base, which provides a buffer against operational fluctuations. The liabilities have remained relatively stable, hovering around $25-30 million, suggesting prudent financial management. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the absence of reported officer compensation suggests a lean approach to leadership costs, which generally contributes to better overall efficiency. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency in its financial operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Clover Leaf Park Cemetery Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Clover Leaf Park Cemetery Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a highly efficient approach to leadership costs relative to the organization's multi-million dollar revenue and asset base.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Clover Leaf Park Cemetery Association's IRS 990 filings:

Operational deficit in 2023 ($1.09 million) where expenses exceeded revenue, which is a deviation from prior years' trends.

Strengths

The following positive indicators were identified for Clover Leaf Park Cemetery Association:

Consistent reporting of 0% officer compensation across all available filings, indicating strong cost control at the executive level.
Substantial and stable asset base, consistently over $60 million, providing long-term financial stability.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
Generally balanced or surplus operations in most years, indicating sound financial management prior to 2023.

Frequently Asked Questions about Clover Leaf Park Cemetery Association

Is Clover Leaf Park Cemetery Association a good charity?

Based on the available financial data, Clover Leaf Park Cemetery Association appears to be a well-managed organization with substantial assets and a consistent history of financial reporting. The absence of officer compensation is a significant positive indicator of efficiency. However, without a detailed breakdown of program spending, it's difficult to fully assess its 'goodness' as a charity in terms of direct impact.

What caused the deficit in 2023?

In 2023, the organization reported expenses of $6,324,013 against revenues of $5,230,837, resulting in a deficit of over $1 million. The specific causes are not detailed in the summary data, but it represents a notable increase in expenses compared to previous years, which typically saw expenses closer to or below revenue levels.

How does the organization manage its significant assets?

Clover Leaf Park Cemetery Association consistently holds assets exceeding $60 million, reaching $66.4 million in 2023. While the specific investment strategies are not detailed, this large asset base suggests a focus on long-term sustainability and endowment management, typical for cemetery associations.

Filing History

IRS 990 filing history for Clover Leaf Park Cemetery Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Clover Leaf Park Cemetery Association's revenue has grown by 7.5%, moving from $4.9M to $5.2M. Total assets increased by 9.5% over the same period, from $60.5M to $66.2M. Total functional expenses rose by 69.3%, from $3.7M to $6.3M. In its most recent filing year (2023), Clover Leaf Park Cemetery Association reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $29.2M in liabilities against $66.2M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $37.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.2M	$6.3M	$66.2M	$29.2M	—	—
2022	$5.2M	$5.0M	$67.4M	$29.3M	—	View 990
2021	$5.8M	$5.2M	$65.0M	$27.1M	—	View 990
2020	$4.9M	$4.9M	$61.9M	$24.6M	—	View 990
2019	$3.2M	$3.4M	$62.2M	$25.0M	—	View 990
2018	$4.5M	$4.2M	$61.2M	$23.8M	—	View 990
2017	$4.7M	$4.5M	$62.9M	$25.8M	—	View 990
2016	$5.2M	$4.3M	$62.2M	$25.2M	—	View 990
2015	$4.3M	$4.3M	$65.1M	$28.9M	—	View 990
2014	$4.6M	$3.9M	$67.8M	$31.7M	—	View 990
2013	$4.8M	$3.9M	$66.4M	$31.0M	—	View 990
2012	$4.7M	$4.5M	$62.2M	$27.7M	—	View 990
2011	$4.9M	$3.7M	$60.5M	$26.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.2M, expenses of $6.3M, and assets of $66.2M (revenue -0.3% year-over-year).
2022: Revenue of $5.2M, expenses of $5.0M, and assets of $67.4M (revenue -10.3% year-over-year).
2021: Revenue of $5.8M, expenses of $5.2M, and assets of $65.0M (revenue +18.9% year-over-year).
2020: Revenue of $4.9M, expenses of $4.9M, and assets of $61.9M (revenue +51.9% year-over-year).
2019: Revenue of $3.2M, expenses of $3.4M, and assets of $62.2M (revenue -28.0% year-over-year).
2018: Revenue of $4.5M, expenses of $4.2M, and assets of $61.2M (revenue -3.5% year-over-year).
2017: Revenue of $4.7M, expenses of $4.5M, and assets of $62.9M (revenue -10.0% year-over-year).
2016: Revenue of $5.2M, expenses of $4.3M, and assets of $62.2M (revenue +19.4% year-over-year).
2015: Revenue of $4.3M, expenses of $4.3M, and assets of $65.1M (revenue -5.5% year-over-year).
2014: Revenue of $4.6M, expenses of $3.9M, and assets of $67.8M (revenue -4.2% year-over-year).
2013: Revenue of $4.8M, expenses of $3.9M, and assets of $66.4M (revenue +2.2% year-over-year).
2012: Revenue of $4.7M, expenses of $4.5M, and assets of $62.2M (revenue -3.6% year-over-year).
2011: Revenue of $4.9M, expenses of $3.7M, and assets of $60.5M.

Data Sources and Methodology

This transparency report for Clover Leaf Park Cemetery Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.