Walnut Lake Cemetery Association Trust

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

10 people listed

MERCHANTS AND FARMERS BANK (SECRETARY/TREASURER): $13,231 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Cemetery maintenance

Revenue model: Investment-supported. 73% of the money available for current operations came from recurring investment income.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: No; rating input score 0

Independent voting board: 90%; rating input score 90; 27th percentile among comparable filings
Governance controls: 0 of 8 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -40.1%; rating input score 32; 32nd percentile among comparable filings
Total-asset coverage ratio: 17.31; rating input score 76; 76th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: 15.2%; rating input score 14; 14th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 8.7% per year; rating input score 100; 85th percentile among comparable filings
Asset growth: 29.6% per year; rating input score 100; 95th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 10 board members independent · 0 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $13K · 10 people listed
Consistency: 9 of 10 current checks pass · 1 finding to review
Schedules: 3 filed schedules · includes related organizations
Filing history: 3 filing years from 2022 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Accountability: Governance controls: 7 of 7 not reported.
High — Transparency & Controls: Related-party transparency scored 0/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Moderate — Sustainability: Operating margin scored 32/100.
High — Sustainability: Officer compensation ratio scored 14/100.