MAGNOLIA HEALTHCARE INC (EIN 721304946) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

RICHARD T DASPIT SR

Phone

2257530864

Tax Period

2023-01-01 to 2023-12-31

MAGNOLIA HEALTHCARE INC, founded in 1995, is a mid-sized nonprofit that reported $26.2M in total revenue in fiscal year 2023. Expenses of $22.9M left a modest 13% surplus.

Mission

TO PROVIDE COMPREHENSIVE NURSING CARE SERVICES.

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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 $2,698,895

Program Service Revenue $22,988,483

Investment Income $500,942

Other Revenue $43,959

TOTAL REVENUE $26,232,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,435,196

Fundraising Expenses $0

Program Expenses $17,312,963

Other Expenses $11,487,558

TOTAL EXPENSES $22,922,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,232,279	$27,584,269	0.0%
Expenses	$22,922,754	$23,381,029	0.0%
Net Income	$3,309,525	$4,203,240	-0.2%

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

573

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

$270,081

Total Directors

$270,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD T DASPIT SR	PRESIDENT	1.00	Officer Director	$0	$6,528	$246,081
LOUIS HERRERO	SECRETARY	1.00	Officer Director	$0	$0	$12,000
G STUART MURPHY III	TREASURER	1.00	Officer Director	$0	$0	$12,000
SCOTT MATTHEWS	ADMINISTRATOR	40.00	Highest	$127,543	$5,248	$132,791
TASHA MOSLEY	ADMINISTRATOR	40.00	Highest	$110,721	$99	$110,820
VIVIAN RICHARDSON	DIRECTOR OF CLINICAL SERVICES	40.00	Highest	$122,331	$5,248	$127,579

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	No data	No data	No data	No data
2023	$26,232,279	$22,922,754	$15,688,485	$3,309,525
2022	$27,584,269	$23,381,029	$15,447,465	$4,203,240
2021	$22,883,719	$21,653,810	$13,978,378	$1,229,909
2020	$24,897,266	$22,846,019	$14,643,848	$2,051,247
2019	$21,598,489	$21,546,937	$12,942,609	$51,552
2018	$20,798,422	$20,644,811	$13,331,499	$153,611

MAGNOLIA HEALTHCARE INC