Locustwood Cemetery Association

Locustwood Cemetery Association maintains steady asset growth despite fluctuating annual operating margins and increasing liabilities.

EIN: 210501600 · Altamonte Spg, FL · Updated: 2026-03-28

$2.7MRevenue

$27.0MAssets

75/100Mission Score (Good)

About Locustwood Cemetery Association

Locustwood Cemetery Association (EIN: 210501600) is a nonprofit organization based in Altamonte Spg, FL. The organization reported total revenue of $2.7M and total assets of $27.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Locustwood Cemetery Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Locustwood Cemetery Association demonstrates consistent financial operations, with revenues generally covering expenses over the past decade. For instance, in 2023, expenses were $2,687,419 against revenues of $2,320,425, indicating a slight deficit, while in 2021, revenues of $2,404,307 exceeded expenses of $2,168,943. The organization's assets have shown steady growth, increasing from $20,770,725 in 2014 to $26,729,842 in 2023, suggesting sound long-term financial management. Liabilities have also increased over this period, from $8,463,985 to $14,367,230, which warrants further investigation into their nature.

Spending efficiency appears stable, with no reported officer compensation across all available filings, which is a positive indicator for resource allocation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent asset growth, despite occasional operational deficits, suggests effective management of its endowment or investment portfolio, which is crucial for a cemetery association's long-term sustainability.

Transparency is generally good given the availability of multiple years of 990 filings. The consistent reporting of zero officer compensation enhances trust. However, the lack of NTEE code information and detailed expense breakdowns in the provided data limits a deeper analysis of its operational focus and efficiency. Further transparency regarding the nature of its liabilities would also be beneficial for stakeholders.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Locustwood Cemetery Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Locustwood Cemetery Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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, which is highly unusual for an organization of this size with assets exceeding $26 million.

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 Locustwood Cemetery Association's IRS 990 filings:

Consistent operational deficits in some years (e.g., 2023, 2022, 2018, 2016, 2014) without clear explanation of how these are covered long-term.
Significant and consistent increase in liabilities from $8.4M in 2014 to $14.3M in 2023 without detailed explanation of their nature.
Lack of reported officer compensation for an organization of this size and asset base, which could indicate compensation is hidden or handled in an unusual manner.

Strengths

The following positive indicators were identified for Locustwood Cemetery Association:

Strong and consistent asset growth, from $20.7M in 2014 to $26.7M in 2023, indicating long-term financial stability.
Consistent filing of IRS 990 forms over 13 periods, demonstrating a commitment to transparency.
Generally stable revenue streams over the past decade, with latest revenue at $2,738,702.

Frequently Asked Questions about Locustwood Cemetery Association

Why has officer compensation consistently been reported as 0% across all filings?

The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization with assets over $26 million. This could indicate that officers are volunteers, compensated by a related entity, or that compensation is reported under other expense categories.

What is the nature of the increasing liabilities, which grew from $8,463,985 in 2014 to $14,367,230 in 2023?

The significant increase in liabilities warrants further investigation. It could be due to long-term debt, deferred revenue from pre-need sales, or other financial obligations. Understanding the composition of these liabilities is crucial for assessing financial risk.

How does the organization manage to grow its assets despite occasional operational deficits, such as in 2023 where expenses exceeded revenue by over $360,000?

Asset growth despite operational deficits suggests that the organization likely has significant investment income, endowment contributions, or other non-operating revenues that are not fully captured in the 'Revenue' figure provided, or that the deficits are covered by existing reserves.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Locustwood Cemetery Association's revenue has grown by 35.7%, moving from $1.7M to $2.3M. Total assets increased by 38.4% over the same period, from $19.3M to $26.7M. Total functional expenses rose by 81.6%, from $1.5M to $2.7M. In its most recent filing year (2023), Locustwood Cemetery Association reported a deficit of $367K, with expenses exceeding revenue. The organization holds $14.4M in liabilities against $26.7M in assets (debt-to-asset ratio: 53.7%), resulting in net assets of $12.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.3M	$2.7M	$26.7M	$14.4M	—	—
2022	$2.0M	$2.1M	$26.3M	$13.5M	—	—
2021	$2.4M	$2.2M	$25.3M	$12.5M	—	View 990
2020	$1.8M	$1.8M	$24.6M	$12.0M	—	View 990
2019	$1.6M	$1.4M	$24.3M	$11.7M	—	—
2018	$1.8M	$1.9M	$23.9M	$11.4M	—	View 990
2017	$1.9M	$1.7M	$20.0M	$7.5M	—	View 990
2016	$1.7M	$1.7M	$19.6M	$7.3M	—	View 990
2015	$1.7M	$1.6M	$20.1M	$7.7M	—	View 990
2014	$1.6M	$1.7M	$20.8M	$8.5M	—	View 990
2013	$1.4M	$1.1M	$21.0M	$8.5M	—	View 990
2012	$1.6M	$1.4M	$19.7M	$7.5M	—	View 990
2011	$1.7M	$1.5M	$19.3M	$7.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.3M, expenses of $2.7M, and assets of $26.7M (revenue +17.7% year-over-year).
2022: Revenue of $2.0M, expenses of $2.1M, and assets of $26.3M (revenue -18.0% year-over-year).
2021: Revenue of $2.4M, expenses of $2.2M, and assets of $25.3M (revenue +36.5% year-over-year).
2020: Revenue of $1.8M, expenses of $1.8M, and assets of $24.6M (revenue +7.8% year-over-year).
2019: Revenue of $1.6M, expenses of $1.4M, and assets of $24.3M (revenue -9.1% year-over-year).
2018: Revenue of $1.8M, expenses of $1.9M, and assets of $23.9M (revenue -5.9% year-over-year).
2017: Revenue of $1.9M, expenses of $1.7M, and assets of $20.0M (revenue +15.6% year-over-year).
2016: Revenue of $1.7M, expenses of $1.7M, and assets of $19.6M (revenue +0.1% year-over-year).
2015: Revenue of $1.7M, expenses of $1.6M, and assets of $20.1M (revenue +6.3% year-over-year).
2014: Revenue of $1.6M, expenses of $1.7M, and assets of $20.8M (revenue +12.3% year-over-year).
2013: Revenue of $1.4M, expenses of $1.1M, and assets of $21.0M (revenue -12.1% year-over-year).
2012: Revenue of $1.6M, expenses of $1.4M, and assets of $19.7M (revenue -7.8% year-over-year).
2011: Revenue of $1.7M, expenses of $1.5M, and assets of $19.3M.

Data Sources and Methodology

This transparency report for Locustwood 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.