Magnificat Houses Inc (EIN 237003471) - 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

1968

Legal Domicile

Principal Officer

Meredith Vaughan

Phone

7135294231

Tax Period

2022-07-01 to 2023-06-30

Magnificat Houses Inc, founded in 1968, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 55% operating deficit.

Mission

Magnificat Houses, Inc. offers a welcoming community where those needing housing, food and mental health programs can grow in stability, productivity and independence.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,352,534

Program Service Revenue $594,974

Investment Income $79,652

Other Revenue $3,919

TOTAL REVENUE $3,031,079

Expense Breakdown

Grants Paid $2,476,525

Salaries & Benefits $1,068,668

Fundraising Expenses $306,240

Program Expenses $4,141,365

Other Expenses $1,127,895

TOTAL EXPENSES $4,707,588

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,031,079	$2,431,488	+0.2%
Expenses	$4,707,588	$2,879,433	+0.6%
Net Income	$-1,676,509	$-447,945	+2.7%

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

Volunteers

2200

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

$140,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bobby Knight	Chairman	4.00	Officer Director	$0	$0	$0
Kimberly Dennison	Vice Chairman	3.00	Officer Director	$0	$0	$0
Abigail Gunderson	Secretary	1.00	Officer Director	$0	$0	$0
Bart McAndrews	Treasurer	2.00	Officer Director	$0	$0	$0
Mitch Ackal III	Director	1.00	Director	$0	$0	$0
JoAnna Bruce	Director	1.00	Director	$0	$0	$0
Wendy Clark	Director	1.00	Director	$0	$0	$0
Martin Doublesin	Director	1.00	Director	$0	$0	$0
Ken Hertel	Director	1.00	Director	$0	$0	$0
Scott Hickey	Director	3.00	Director	$0	$0	$0
Clay Jeansonne	Director	1.00	Director	$0	$0	$0
Max Montegut	Director	1.00	Director	$0	$0	$0
Zack Witten	Director	1.00	Director	$0	$0	$0
Susanne Young	Director	15.00	Director	$0	$0	$0
Victor Hay	Executive Director (from 9/6/2022)	40.00	Officer	$37,898	$0	$37,898
Michael Sisolak	Director of Finance	40.00	Officer	$60,000	$0	$60,000
John Boyles	Executive Director (to 6/3/2022)	40.00	Officer	$42,821	$0	$42,821

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,031,079	$4,707,588	$7,311,390	$-1,676,509
2022	$2,431,488	$2,879,433	$4,452,560	$-447,945
2021	$2,542,729	$2,535,106	$4,955,982	$7,623
2020	$2,120,337	$2,506,240	$5,002,706	$-385,903
2019	$3,305,759	$3,440,022	$5,271,240	$-134,263
2019	$3,305,759	$3,440,022	$5,269,338	$-134,263
2018	$2,741,143	$2,130,324	$5,384,044	$610,819

Magnificat Houses Inc