MAGNOLIA SPEECH SCHOOL

EIN: 640435317 501(c)(3) Health Care

MADISON, MS

Total Revenue
$4,014,597
Total Expenses
$2,944,073
Total Assets
$16,876,732
Net Assets
$16,822,119
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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
MS
Principal Officer
ANGY GRAHAM
Phone
6019149200
Tax Period
2024-07-01 to 2025-06-30

MAGNOLIA SPEECH SCHOOL, founded in 1956, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 27% operating margin.

Mission

MAGNOLIA SPEECH SCHOOL EXISTS TO ENABLE CHILDREN WITH COMMUNICATION DISORDERS TO DEVELOP THEIR FULL POTENTIAL THROUGH SPOKEN LANGUAGE AND LITERACY.

Program Service Accomplishments

Program 1
Expenses: $2,500,296 Revenue: $948,392

MAGNOLIA SPEECH SCHOOL EXISTS TO TEACH CHILDREN WITH SIGNIFICANT COMMUNICATIVE DISORDERS, INCLUDING HEARING LOSS AND SEVERE LANGUAGE DISORDERS, TO LISTEN AND UNDERSTAND, TO SPEAK AND TO BE UNDERSTOOD...

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MAGNOLIA SPEECH SCHOOL EXISTS TO TEACH CHILDREN WITH SIGNIFICANT COMMUNICATIVE DISORDERS, INCLUDING HEARING LOSS AND SEVERE LANGUAGE DISORDERS, TO LISTEN AND UNDERSTAND, TO SPEAK AND TO BE UNDERSTOOD AND TO READ WITH COMPREHENSION. THE GOAL OF THE SCHOOL IS TO PREPARE THESE STUDENTS TO REACH THEIR FULL POTENTIAL AND GRADUATE FROM THE PROGRAM TO MAINSTREAM SUCCESSFULLY INTO A MORE CONVENTIONAL EDUCATIONAL SETTING IN THEIR LOCAL SCHOOL DISTRICTS OR THEIR LOCAL NEIGHBORHOOD SCHOOL OF CHOICE. MAGNOLIA SPEECH SCHOOL OFFERS A LIFECHANGING CURRICULUM WITH SPECIFIC GOALS, CRITERION AND ACTIVITIES LISTED FOR OVER 2,500 SKILLS IN THE AREAS OF AUDITION, RECEPTIVE LANGUAGE, EXPRESSIVE LANGUAGE, SPEECH, READING, MATH, SOCIAL STUDIES, SCIENCE, THE ASSOCIATION METHOD, FINE MOTOR, GROSS MOTOR, SOCIAL INTERACTION AND AUDITORY PROCESSING. CLASSES CONTAIN NO MORE THAN 38 STUDENTS WITH A TEACHER AND AN ASSISTANT. SUPPORT SERVICES ARE OFFERED FOR AUDIOLOGY, SPEECH PATHOLOGY AND OCCUPATIONAL THERAPY AS NEEDED. IN ADDITION TO CLASSROOM INSTRUCTION, STUDENTS PARTICIPATE IN PHYSICAL EDUCATION AND MUSIC. EACH STUDENT HAS A SERVICE PLAN AS OUTLINED BY THE MS DEPARTMENT OF EDUCATION. OTHER SERVICES INCLUDE EVALUATION AND OUTPATIENT SERVICES IN THE HACKETT BOWER CLINIC AT MAGNOLIA SPEECH SCHOOL AND A STATEWIDE HOME BASED EARLY INTERVENTION PROGRAM FOR INFANTS AND TODDLERS WITH HEARING LOSS. THE SCHOOL SERVES CHILDREN THROUGHOUT MISSISSIPPI (MANY COMMUTE AND/OR RELOCATE FOR THESE UNIQUE, LIFECHANGING EDUCATIONAL SERVICES).MAGNOLIA SPEECH SCHOOL HAS EXTRAORDINARY SUCCESS IN TRANSITIONING CHILDREN WHO ARE DEAF, HARD OF HEARING AND LANGUAGED DISORDERED INTO REGULAR EDUCATION. RECORDS INDICATE THAT IN THE LAST 15 YEARS, THE SCHOOL HAS MAINSTREAMED 74% OF THE STUDENTS TO REGULAR CLASSES WITH 10% MORE RETURNING TO THEIR LOCAL SCHOOL DISTRICT WITH SOME RESOURCE HELP IN SPEECH AND/OR READING. AT MAGNOLIA SPEECH SCHOOL EVERY STUDENT'S PROGRESS IS TRACKED THROUGH CRITERION REFERENCED GOALS THAT ARE LISTED ON A SERVICE PLAN (SIMILAR TO AN IEP), BY ANNUAL FORMAL EVALUATIONS AND BY AN ANALYSIS OF ONGOING LANGUAGE SAMPLES. THE SCHOOL MAINTAINS AN ACCREDITED STATUS FROM THE MS DEPARTMENT OF EDUCATION AND THE ADVANCED NETWORK.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,881,714
Program Service Revenue $945,803
Investment Income $184,491
Other Revenue $2,589
TOTAL REVENUE $4,014,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,859,691
Fundraising Expenses $27,220
Program Expenses $2,500,296
Other Expenses $1,084,382
TOTAL EXPENSES $2,944,073

Year-over-Year Comparison

2024 2023 Change
Revenue $4,014,597 $2,829,670 +0.4%
Expenses $2,944,073 $2,926,395 +0.0%
Net Income $1,070,524 $-96,725 -12.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
45
Volunteers
85

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
7
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN CRONIN DIRECTOR 1.00
Director
$0 $0 $0
CHUCK BELL VICE CHAIR/FINANCE CHAIR 1.00
Officer Director
$0 $0 $0
DONNA KAYE BYRD IMMEDIATE PAST CHAIR/PERSONNEL CO-CHAIR 1.00
Officer Director
$0 $0 $0
BRAD GATLIN DIRECTOR 1.00
Director
$0 $0 $0
DR BILL SELLERS DIRECTOR 1.00
Director
$0 $0 $0
DR GRACE STURDIVANT SECRETARY 1.00
Officer Director
$0 $0 $0
JIMMY ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
LA'VERNE EDNEY DIRECTOR 1.00
Director
$0 $0 $0
MAC DEAVER LEGLISLATIVE CHAIR 1.00
Officer Director
$0 $0 $0
DR STEPHANIE HENDERSON PERSONNEL CO-CHAIR 1.00
Officer Director
$0 $0 $0
MITCH STRINGER CHAIR 1.00
Officer Director
$0 $0 $0
REBECCA VAUGHN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW LESTER DIRECTOR 1.00
Director
$0 $0 $0
SHANNON MILLER DIRECTOR 1.00
Director
$0 $0 $0
THOMAS WOODS DIRECTOR 1.00
Director
$0 $0 $0
MENDEZ NELSON DEVELOPMENT CHAIR 1.00
Officer Director
$0 $0 $0
CLAYTON MANGUM DIRECTOR 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 $4,014,597 $2,944,073 $16,876,732 $1,070,524
2024 $2,829,670 $2,926,395 $15,843,431 $-96,725
2023 $3,866,736 $2,939,151 $18,706,974 $927,585
2022 $6,541,352 $2,184,384 $20,507,656 $4,356,968
2021 $5,736,685 $2,093,221 $10,948,586 $3,643,464
2020 $6,133,329 $2,111,062 $7,174,328 $4,022,267
2019 $2,159,620 $1,856,636 $3,326,935 $302,984
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