AI Transparency Report
Magnolia Manor Of Marion County Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. In the latest period (202306), the organization reported assets of $7,624,974 against liabilities of $4,064,805, indicating a healthy balance sheet. However, the 202306 filing shows expenses ($7,136,588) exceeding revenue ($6,563,224), resulting in a deficit for that year, which is a point to monitor. This contrasts with previous years like 202206, where revenue ($6,874,908) comfortably exceeded expenses ($5,597,744).
The organization's spending efficiency appears to be strong, with a significant portion of its expenses directed towards program services, as indicated by the estimated spending breakdown. The consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this section of the 990, which would warrant further investigation. Overall, the organization appears to be financially sound, though the recent deficit warrants attention to ensure long-term sustainability.