MAGNOLIA COMMUNITY DEVELOPMENT CORP (EIN 453733905) - 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

2010

Legal Domicile

Principal Officer

RALPH BROUSSARD

Phone

3373510045

Tax Period

2022-01-01 to 2022-12-31

MAGNOLIA COMMUNITY DEVELOPMENT CORP, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $383K in total revenue in fiscal year 2022. Revenue surged 614% from the prior year, signaling strong growth momentum. Expenses of $553K exceeded revenue, resulting in a 44% operating deficit.

Mission

HOUSING - RENOVATED AND REPAIRED 6 VETERAN OWNED HOMES THROUGH THE FHLB SNAP PROGRAM AND THE HAC AHRV PROGRAM.

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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 $67,178

Program Service Revenue $315,430

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,735

Fundraising Expenses $0

Program Expenses $471,737

Other Expenses $484,875

TOTAL EXPENSES $552,610

Year-over-Year Comparison

	2022	2021	Change
Revenue	$382,608	$53,582	+6.1%
Expenses	$552,610	$227,537	+1.4%
Net Income	$-170,002	$-173,955	0.0%

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

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

$61,743

Total Directors

$61,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH BROUSSARD	Executive Dir.	37.50	Officer Director	$61,743	$0	$61,743
JULIE MILES	Director	0.00	Director	$0	$0	$0
LEROY WILLIAMS	Director	0.00	Director	$0	$0	$0
CONSTANCE JOHNSON	Director	0.00	Director	$0	$0	$0
NATHAN THORNTON	Director	0.00	Director	$0	$0	$0
BRADLEY MAYFIELD	Vice President	0.00	Officer	$0	$0	$0
PAUL SCOTT	President	0.00	Officer	$0	$0	$0
CHARLES MINIEX	Secretary	0.00	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
2022	$382,608	$552,610	$199,041	$-170,002

MAGNOLIA COMMUNITY DEVELOPMENT CORP