FRIENDS OF MAGNOLIA CEMETERY INC

EIN: 630931095

MOBILE, AL

Total Revenue
$719,440
Total Expenses
$632,260
Total Assets
$467,090
Net Assets
$461,928
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
AL
Principal Officer
DOUGLAS B KEARLEY SR
Phone
2514328672
Tax Period
2023-11-01 to 2024-10-31

FRIENDS OF MAGNOLIA CEMETERY INC, founded in 1985, is a small nonprofit that reported $516K in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

CEMETERY MAINTENANCE, RESTORATION, AND IMPROVEMENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $426,838
Program Service Revenue $288,027
Investment Income $4,271
Other Revenue $304
TOTAL REVENUE $719,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $471,920
Fundraising Expenses $0
Program Expenses $620,767
Other Expenses $160,340
TOTAL EXPENSES $632,260

Year-over-Year Comparison

2023 2022 Change
Revenue $719,440 $542,194 +0.3%
Expenses $632,260 $607,125 +0.0%
Net Income $87,180 $-64,931 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
29
Independent Members
29
Employees
19
Volunteers
28

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
6
$71,500
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUMMER ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
BRUNER BINION BOARD MEMBER 1.00
Director
$0 $0 $0
DINA BLANKENSHIP BOARD MEMBER 1.00
Director
$0 $0 $0
NEDRA SIMPSON CROSBY BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL BESTOR DREW BOARD MEMBER 1.00
Director
$0 $0 $0
AJ DUPREE BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL FEIBELMAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY TOOMEY HAMMANN BOARD MEMBER 1.00
Director
$0 $0 $0
J GUY HELMSING BOARD MEMBER 1.00
Director
$0 $0 $0
SALLYE IRVINE BOARD MEMBER 1.00
Director
$0 $0 $0
KYLA LEVINS BOARD MEMBER 1.00
Director
$0 $0 $0
AMELIA C LYONS CORRESPONDING SECRETARY 2.00
Officer Director
$0 $0 $0
WILLSON MCCLELLAND BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS C MCGEHEE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY HERNDON NORDMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN F OTTS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN PEEBLES BOARD MEMBER 1.00
Director
$0 $0 $0
GARRETT ALEXANDER POWE TREASURER 3.00
Officer Director
$0 $0 $0
CAMPBELL RAYFORD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM RODGERS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID S ROSE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SCHLEY RUTHERFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HOLMES SMITH IV BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID TOIFEL BOARD MEMBER 1.00
Director
$0 $0 $0
SELWYN TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA WATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL TRAVIS WINTER BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS KEARLEY PRESIDENT 4.00
Officer Director
$0 $0 $0
PRATT PATERSON RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
JANET SAVAGE EXECUTIVE DIRECTOR 40.00
Officer
$71,500 $0 $71,500
MARK HALSETH CEMETERY MANAGER 40.00
Highest
$107,670 $0 $107,670
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
2024 $719,440 $632,260 $467,090 $87,180
2023 $542,194 $607,125 $380,093 $-64,931
2022 $610,664 $603,718 $446,029 $6,946
2021 $546,489 $569,041 $438,612 $-22,552
2020 $494,213 $490,377 $460,619 $3,836
2019 $459,195 $437,339 $456,707 $21,856
2018 $515,607 $518,609 $434,694 $-3,002
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