MAGNOLIA CEMETERY PERPETUAL CARE F… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

D PRATT PATERSON

Phone

2514328672

Tax Period

2023-11-01 to 2024-10-31

MAGNOLIA CEMETERY PERPETUAL CARE FUND, founded in 1986, is a small nonprofit that reported $573K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $184K, a strong 32% operating margin.

Mission

TO FUND THE PERPETUAL CARE OF MAGNOLIA CEMETERY.

Program Service Accomplishments

Program 1

Expenses: $388,912 Revenue: $549,339

THE PURPOSE OF THIS TRUST IS TO SEGREGATE, PRESERVE AND INVEST CERTAIN FUNDS RECEIVED BY THE FRIENDS FROM ITS SUPPORTERS, FRIENDS, AND/OR DONORS SO THAT THE INCOME THEREFROM WILL FOREVER BE AVAILABLE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,630

Program Service Revenue $0

Investment Income $549,339

Other Revenue $0

TOTAL REVENUE $572,969

Expense Breakdown

Grants Paid $317,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,912

Other Expenses $71,912

TOTAL EXPENSES $388,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$572,969	$367,300	+0.6%
Expenses	$388,912	$269,592	+0.4%
Net Income	$184,057	$97,708	+0.9%

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

$71,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS KEARLEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS C MCGEHEE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARRETT ALEXANDER POWE	TREASURER	2.00	Officer Director	$0	$0	$0
PRATT PATERSON	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
AMELIA C LYONS	CORRESPONDING SECRETARY	2.00	Officer 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
SELWYN TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TOIFEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HOLMES SMITH IV	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY TOOMEY HAMMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL FEIBELMAN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DINA BLANKENSHIP	BOARD MEMBER	1.00	Director	$0	$0	$0
AJ DUPREE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL BESTOR DREW	BOARD MEMBER	1.00	Director	$0	$0	$0
NEDRA SIMPSON CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLYE IRVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUNER BINION	BOARD MEMBER	1.00	Director	$0	$0	$0
J GUY HELMSING	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN F OTTS	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLA LEVINS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLSON MCCLELLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HERNDON NORDMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PEEBLES	BOARD MEMBER	1.00	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
SUMMER ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
N/A	BY MARIANNE TERRY ITS VICE PRESIDENT	0.00		$0	$0	$0
JANET SAVAGE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$71,500

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	$572,969	$388,912	$9,163,175	$184,057
2023	$367,300	$269,592	$8,979,118	$97,708
2022	$386,790	$317,537	$8,713,626	$69,253
2021	$1,157,850	$307,710	$8,644,373	$850,140
2020	$254,594	$268,274	$7,794,233	$-13,680
2019	$367,981	$233,684	$7,807,913	$134,297
2018	$528,356	$269,794	$7,737,469	$258,562

MAGNOLIA CEMETERY PERPETUAL CARE FUND