MAGNOLIA PROPERTIES MANAGEMENT INC (EIN 454683724) - 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

2012

Legal Domicile

Principal Officer

CAFER TURAN

Phone

7148925066

Tax Period

2024-07-01 to 2025-06-30

MAGNOLIA PROPERTIES MANAGEMENT INC, founded in 2012, is a small nonprofit in the Education sector that reported $604K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 1065% operating deficit.

Mission

TO PROVIDE EDUCATIONAL FACILITIES FOR THE MAGNOLIA PUBLIC SCHOOLS

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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 (2024)

Revenue Breakdown

Contributions & Grants $478,327

Program Service Revenue $4,807,390

Investment Income $149,461

Other Revenue $-4,830,726

TOTAL REVENUE $604,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,961,192

Other Expenses $7,039,867

TOTAL EXPENSES $7,039,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,452	$1,504,503	-0.6%
Expenses	$7,039,867	$2,715,704	+1.6%
Net Income	$-6,435,415	$-1,211,201	+4.3%

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

$959,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RABBI HAIM BELIAK	DIRECTOR	2.00	Officer Director	$0	$0	$0
MEKAN MUHAMMEDOV	CHAIR	2.00	Officer Director	$0	$0	$0
SANDRA COVARRUBIAS	DIRECTOR	2.00	Officer Director	$0	$0	$0
ALFREDO RUBALCAVA	CEO	2.00	Officer	$0	$20,292	$287,563
STEVE BUDHRAJA	CFO/TREASURER	2.00	Officer	$0	$13,528	$218,694
ERDINC ACAR	DEPUTY SUPERINTENDENT	2.00	Officer	$0	$20,292	$235,642
PATRICK ONTIVEROS	SECRETARY	2.00	Officer	$0	$20,292	$217,904

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	$604,452	$7,039,867	$125,639,592	$-6,435,415
2024	$1,504,503	$2,715,704	$107,034,266	$-1,211,201
2023	$53,423,196	$2,398,257	$109,166,001	$51,024,939
2022	$2,307,270	$2,486,971	$30,634,440	$-179,701
2021	$2,387,678	$2,417,478	$31,258,494	$-29,800
2020	$2,530,294	$1,909,257	$31,828,201	$621,037
2019	$2,966,696	$1,887,948	$34,417,249	$1,078,748
2018	$947,294	$1,190,922	$33,428,501	$-243,628

MAGNOLIA PROPERTIES MANAGEMENT INC