MAGNOLIA MEMORIAL PARK INC (EIN 010761392) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

7145391771

Tax Period

2023-01-01 to 2023-12-31

MAGNOLIA MEMORIAL PARK INC, founded in 2001, is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $246K left a modest 8% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS EXCLUSIVELY FOR RELIGIOUS PURPOSES. THE ORGANIZATION'S GOAL IS TO PROVIDE COUNCELING AND COMFORT TO MEMBERS FACING SPIRITUAL PROBLEMS WHEN DEALING WITH THE DEATH OF A FRIEND OR FAMILY MEMBER, WHILE PROVIDING BURIAL SERVICES AND SPACES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,975

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,548

Fundraising Expenses $0

Program Expenses $245,716

Other Expenses $195,167

TOTAL EXPENSES $245,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,975	$224,215	+0.2%
Expenses	$245,715	$271,623	-0.1%
Net Income	$22,260	$-47,408	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KHANG LE	President	Officer	$0	$0	$0
THACH LE	Vice President	Officer	$0	$0	$0
THIEN LE	Treasurer	Officer	$0	$0	$0
CAMMI LE	Secretary	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$267,975	$245,715	$468,466	$22,260
2022	$224,215	$271,623	$436,909	$-47,408
2021	$310,941	$319,544	$481,980	$-8,603
2020	$223,883	$342,879	$543,881	$-118,996
2019	$247,452	$227,616	$474,485	$19,836

MAGNOLIA MEMORIAL PARK INC