MAGNOLIA MEMORY CARE INC

EIN: 834069643 501(c)(3)

Fort Mill, SC

Total Revenue
$293,166
Total Expenses
$263,995
Total Assets
$130,560
Net Assets
$111,148
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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
2019
Legal Domicile
NC
Principal Officer
Susan Bill
Phone
7048402509
Tax Period
2023-01-01 to 2023-12-31

MAGNOLIA MEMORY CARE INC, founded in 2019, is a small nonprofit that reported $293K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $264K left a modest 10% surplus.

Mission

To provide faith-based collaboration of support services for people and families living with Alzheimer's and dementia with a focus on caregiver support, care management, community education and family advocacy.

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,026
Program Service Revenue $186,000
Investment Income $0
Other Revenue $21,140
TOTAL REVENUE $293,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,331
Fundraising Expenses $22,014
Program Expenses $172,220
Other Expenses $144,574
TOTAL EXPENSES $263,995

Year-over-Year Comparison

2023 2022 Change
Revenue $293,166 $218,646 +0.3%
Expenses $263,995 $183,581 +0.4%
Net Income $29,171 $35,065 -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

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
37

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
4
$46,800
Total Directors
7
$46,800
Key Employees
1
$46,800
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Bill Executive Director 40
Officer Director Key Emp Highest
$46,800 $0 $46,800
Robert Rittereiser Board President 0
Officer Director
$0 $0 $0
Timothy Petrie Treasurer 0
Officer Director
$0 $0 $0
Tiffany McGuire Secretary 0
Officer Director
$0 $0 $0
Paul Bill Director 0
Director
$0 $0 $0
Raquel Tillman Director 0
Director
$0 $0 $0
Gretchen Nelli Director 0
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
2024 No data No data No data No data
2023 $293,166 $263,995 $130,560 $29,171
2022 $218,646 $183,581 $69,954 $35,065
2021 $91,287 $126,070 $30,151 $-34,783
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