MAGDALENE HOUSE OF CHARLESTON (EIN 141973671) - 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

2006

Legal Domicile

Principal Officer

ELIZABETH MILLIGAN

Tax Period

2020-01-01 to 2020-12-31

MAGDALENE HOUSE OF CHARLESTON, founded in 2006, is a micro nonprofit in the Human Services sector that reported $63K in total revenue in fiscal year 2020. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ORGANIZATIONS GOAL IS TO OFFER A CHANCE FOR RECOVERY FROM ADDICTIONS AND THE OPPORTUNITY FOR SAFE, PERMANENT HOUSINGIN A STRUCTURED TWO YEAR PROGRAM. THE PROGRAM INCLUDES INDIVIDUALIZED PLANS FOR MEDICAL CARE, THERAPY, PROGRAMS FOR ADDICTION EDUCATION AND EMPLOYMENT

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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 (2020)

Revenue Breakdown

Contributions & Grants $42,070

Program Service Revenue $0

Investment Income $0

Other Revenue $20,445

TOTAL REVENUE $62,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,486

Program Expenses $67,515

Other Expenses $72,691

TOTAL EXPENSES $73,168

Year-over-Year Comparison

	2020	2019	Change
Revenue	$62,515	$113,335	-0.4%
Expenses	$73,168	$99,349	-0.3%
Net Income	$-10,653	$13,986	-1.8%

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

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL SOBIESKI	PUBLIC INFORMATION	5.00	Director	$0	$0	$0
JUDY MORAST-MORIN	DIRECTOR OF GRANT DEVELOPMENT	5.00	Director	$0	$0	$0
CHRISSY PFEIFFER	CREATIVE DIRECTOR	5.00	Director	$0	$0	$0
KATE KARPUS	SECRETARY	5.00	Director	$0	$0	$0
DEBORAH CHAN	FINANCIAL DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH MILLIGAN	CHAIRMAN OF THE BOARD	20.00	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
2020	$62,515	$73,168	$162,349	$-10,653
2019	$113,335	$99,349	$179,929	$13,986

MAGDALENE HOUSE OF CHARLESTON