Magnolia Gardens Inc (EIN 541879770) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Eugene J DeNardi

Phone

7574614696

Tax Period

2024-10-01 to 2025-09-30

Magnolia Gardens Inc, founded in 1997, is a small nonprofit in the Environment sector that reported $396K in total revenue in fiscal year 2017. Expenses of $542K exceeded revenue, resulting in a 37% operating deficit.

Mission

Low Income Rental Housing-Elderly

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $719,859

Investment Income $171

Other Revenue $0

TOTAL REVENUE $720,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,342

Fundraising Expenses $0

Program Expenses $640,157

Other Expenses $559,558

TOTAL EXPENSES $721,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,030	$531,558	+0.4%
Expenses	$721,900	$667,896	+0.1%
Net Income	$-1,870	$-136,338	-1.0%

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

N/A

Employees

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

$66,000

Total Directors

$66,000

Key Employees

$27,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Bridgford	President	N/A	Key Emp	$0	$0	$27,000
Eugene DeNardi	Treasurer	N/A	Officer Director	$0	$0	$19,000
Lynne Pipis	Vice President	N/A	Officer Director	$0	$0	$0
Emmett Pate	Secretary	N/A	Officer Director	$0	$0	$47,000
0	0	1.00	Director	$0	$0	$0
0	0	1.00	Director	$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
2025	$720,030	$721,900	$2,028,723	$-1,870
2024	$531,558	$667,896	$1,965,736	$-136,338
2023	$499,884	$654,875	$2,098,748	$-154,991
2022	$476,826	$591,687	$2,212,201	$-114,861
2021	$440,376	$578,091	$2,315,768	$-137,715
2020	$485,829	$523,289	$2,458,201	$-37,460
2019	$429,310	$526,797	$2,475,936	$-97,487
2018	$396,373	$541,777	$2,583,840	$-145,404

Magnolia Gardens Inc