FRIENDS OF MAGNOLIA CEMETERY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

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 $719K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $632K left a modest 12% surplus.

Mission

CEMETERY MAINTENANCE, RESTORATION, AND IMPROVEMENTS

Program Service Accomplishments

Program 1

Expenses: $620,767 Revenue: $605,027

MAINTAINED AND PROVIDED SERVICES FOR MAGNOLIA CEMETERY IN MOBILE, ALABAMA COSTING $615,908. MADE IMPROVEMENTS TO CEMETERY BY CONTINUING THE FENCE CONSTRUCTION PROGRAM TO REDUCE VANDALISM AND IMPROVE VISUAL APPEAL AT A FINANCIAL COST OF $4,300 CONTINUED RESTORATIVE WORK ON MONUMENTS AT A COST OF $560.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$71,500

Total Directors

Key Employees

Highest Compensated

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