MAGNOLIA FARM FOUNDATION INC

EIN: 832771474 501(c)(3)

CHARLESTON, SC

Total Revenue
$147,505
Total Expenses
$35,751
Total Assets
$147,838
Net Assets
$146,526
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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
2018
Legal Domicile
SC
Principal Officer
DUBOSE BLAKENEY
Phone
8434424096
Tax Period
2020-01-01 to 2020-12-31

MAGNOLIA FARM FOUNDATION INC, founded in 2018, is a small nonprofit that reported $148K in total revenue in fiscal year 2020. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 76% operating margin.

Mission

TO PROVIDE HOUSING AND A 12 STEP PROGRAM FOR FEMALES RECOVERING FROM ADDICTIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $124,568
Program Service Revenue $22,937
Investment Income $0
Other Revenue $0
TOTAL REVENUE $147,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,751
Other Expenses $35,751
TOTAL EXPENSES $35,751

Year-over-Year Comparison

2020 2019 Change
Revenue $147,505 $48,303 +2.1%
Expenses $35,751 $62,638 -0.4%
Net Income $111,754 $-14,335 -8.8%
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
3
Independent Members
3
Employees
N/A
Volunteers
2

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUBOSE BLAKENEY PRESIDENT 22.00
Officer Director
$0 $0 $0
SAMUEL BLAKENEY DIRECTOR 1.00
Director
$0 $0 $0
ELISABETH BLAKENEY 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
2020 $147,505 $35,751 $147,838 $111,754
2019 $48,303 $62,638 $38,741 $-14,335
2018 $50,807 $1,700 $49,107 $49,107
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