Lake Nelson Memorial Park Inc

Lake Nelson Memorial Park Inc. shows strong revenue growth and asset accumulation in 2023 after a deficit in 2022.

EIN: 221054151 · Marlboro, NJ · Updated: 2026-03-28

$479KRevenue

$1.3MAssets

85/100Mission Score (Excellent)

About Lake Nelson Memorial Park Inc

Lake Nelson Memorial Park Inc (EIN: 221054151) is a nonprofit organization based in Marlboro, NJ. The organization reported total revenue of $479K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Nelson Memorial Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lake Nelson Memorial Park Inc. demonstrates a fluctuating financial picture over the past two years. In 2023, the organization reported strong revenue growth to $627,982, significantly exceeding its expenses of $431,267, leading to a substantial increase in net assets. This positive trend is a good indicator of financial health. However, the prior year (2022) saw expenses of $407,809 outstrip revenue of $239,557, suggesting a period of deficit spending. The organization's assets have grown consistently, reaching $995,618 in 2023, which provides a solid financial base. The consistent reporting of 0% officer compensation across both filings suggests good stewardship regarding executive pay and potentially a volunteer-led or minimally compensated leadership structure, which enhances transparency and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lake Nelson Memorial Park Inc 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, Lake Nelson Memorial Park Inc 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% for both 2022 and 2023, indicating that no officers received compensation, which is highly favorable for an organization of its size with revenues fluctuating between $239,557 and $627,982.

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 Lake Nelson Memorial Park Inc's IRS 990 filings:

Significant revenue fluctuation between years (2022 revenue $239,557 vs. 2023 revenue $627,982)
Deficit spending in 2022 (expenses $407,809 exceeded revenue $239,557)

Strengths

The following positive indicators were identified for Lake Nelson Memorial Park Inc:

Strong revenue growth in 2023 ($627,982)
Positive net income in 2023 (revenue $627,982 vs. expenses $431,267)
Consistent asset growth ($656,082 in 2022 to $995,618 in 2023)
0% officer compensation reported in both years, indicating high efficiency in executive pay

Frequently Asked Questions about Lake Nelson Memorial Park Inc

Is Lake Nelson Memorial Park Inc. financially stable?

Based on the 2023 filing, the organization appears financially stable with revenue of $627,982 significantly exceeding expenses of $431,267, and growing assets of $995,618. However, the deficit in 2022 ($239,557 revenue vs. $407,809 expenses) suggests a need to monitor consistency.

How does Lake Nelson Memorial Park Inc. manage its administrative costs?

While specific administrative expense figures are not detailed in the provided summary, the 0% officer compensation suggests a very lean approach to executive overhead, which is a positive indicator for managing administrative costs efficiently.

Filing History

IRS 990 filing history for Lake Nelson Memorial Park Inc showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2022–2023), Lake Nelson Memorial Park Inc's revenue has grown by 162.1%, moving from $240K to $628K. Total assets increased by 51.8% over the same period, from $656K to $996K. Total functional expenses rose by 5.8%, from $408K to $431K. In its most recent filing year (2023), Lake Nelson Memorial Park Inc reported a surplus of $197K, with revenue exceeding expenses. The organization holds $100K in liabilities against $996K in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $896K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$628K	$431K	$996K	$100K	—	—
2022	$240K	$408K	$656K	$19K	—	—

Data Sources and Methodology

This transparency report for Lake Nelson Memorial Park Inc 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.