MAGNOLIA COUNTRY CLUB

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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

Principal Officer

JOHN LUDWIG

Phone

8702346484

Tax Period

2022-01-01 to 2022-12-31

MAGNOLIA COUNTRY CLUB is a small nonprofit that reported $629K in total revenue in fiscal year 2022. Expenses of $570K left a modest 9% surplus.

Mission

THE COUNTRY CLUB PROVIDES SOCIALIZATION OPPORTUNITIES AND RECREATION OPPORTUNITIES FOR PEOPLE OF THE LOCAL COMMUNITY

Program Service Accomplishments

Program 1

RESTAURANT AND BAR FACILITIES - THE COUNTRY CLUB PROBIDES FACILITIES FOR SOCIALIZATION AND MEALS IN A COMFORTABLE QUIET ATMOSPHERE OVERLOOKING A BEAUTIFULLY MANICURED 18 HOLE GOLF COURSE.

Program 2

GOLF COURSE, SWIMMING POOL AND TENNIS COURTS - THE COUNTRY CLUB PROVIDES OPPORTUNITIES FOR ENJOYABLE RECREATION AND SOCIALIZATION WITH FAMILY, FRIENDS AND GUEST.

Program 3

THE COURTRY CLUB PROVIDES SOCIALIZATION OPPORTUNITIES FOR PEOPLE OF ALL RACES, COLORS AND CREEDS AND DOES NOT DISCRIMINATE IN ANY OF THESE AREAS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,450

Program Service Revenue $448,588

Investment Income $285

Other Revenue $162,613

TOTAL REVENUE $628,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,724

Fundraising Expenses $0

Other Expenses $315,190

TOTAL EXPENSES $569,914

Year-over-Year Comparison

	2022	2021	Change
Revenue	$628,936	$615,486	+0.0%
Expenses	$569,914	$597,504	0.0%
Net Income	$59,022	$17,982	+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

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLE FLEMINS	DIRECTOR	N/A	Director	$0	$0	$0
KOREY KEITH	DIRECTOR	N/A	Director	$0	$0	$0
MARVIN LINDSEY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LUDWIG	PRESIDENT	N/A	Officer Director	$0	$0	$0
SAM ODONNELL	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN PALMER	DIRECTOR	N/A	Director	$0	$0	$0
JEFF PRINCE	DIRECTOR	N/A	Director	$0	$0	$0
CARSON SMITH	VICE PRESIDE	N/A	Officer 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
2022	$628,936	$569,914	$711,614	$59,022
2021	$615,486	$597,504	$646,169	$17,982
2020	$516,764	$570,320	$659,448	$-53,556
2019	$694,977	$902,624	$695,008	$-207,647
2018	$680,406	$711,467	$718,515	$-31,061