MAGNOLIA RIDGE COUNTRY CLUB

EIN: 741173829

LIBERTY, TX

Total Revenue
$316,322
Total Expenses
$365,000
Total Assets
$386,475
Net Assets
$-34,392
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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
1951
Legal Domicile
TX
Principal Officer
ROSS NORWOOD
Phone
9363366732
Tax Period
2017-04-01 to 2018-03-31

MAGNOLIA RIDGE COUNTRY CLUB, founded in 1951, is a small nonprofit that reported $316K in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year. Expenses of $365K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE RECREATION FOR MEMBERS

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $156,111
Investment Income $0
Other Revenue $160,211
TOTAL REVENUE $316,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,221
Fundraising Expenses $0
Other Expenses $121,779
TOTAL EXPENSES $365,000

Year-over-Year Comparison

2017 2016 Change
Revenue $316,322 $361,564 -0.1%
Expenses $365,000 $400,113 -0.1%
Net Income $-48,678 $-38,549 +0.3%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
25
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ALLISON DIRECTOR 1.00
Director
$0 $0 $0
PAUL SCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
BECKY MOSS DIRECTOR 1.00
Director
$0 $0 $0
ROSS NORWOOD PRESIDENT 10.00
Officer Director
$0 $0 $0
BRUCE BURNHAM DIRECTOR 1.00
Director
$0 $0 $0
LINDA TAYLOR SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN CARTER VICE PRESIDENT 2.00
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
2018 $316,322 $365,000 $386,475 $-48,678
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