Magnolia Manor Of St Simons Inc

Magnolia Manor Of St Simons Inc faces recurring operational deficits despite consistent revenue levels.

EIN: 201364957 · St Simons Is, GA · NTEE: L22 · Updated: 2026-03-28

$9.1MRevenue

$2.4MAssets

60/100Mission Score (Good)

L22

About Magnolia Manor Of St Simons Inc

Magnolia Manor Of St Simons Inc (EIN: 201364957) is a nonprofit organization based in St Simons Is, GA, classified under NTEE code L22. The organization reported total revenue of $9.1M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magnolia Manor Of St Simons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Magnolia Manor Of St Simons Inc has demonstrated consistent operational deficits in recent years, with expenses exceeding revenue in the last three reported periods (202306, 202206, 202106). For instance, in 202306, expenses were $10,296,748 against revenues of $7,683,735, indicating a significant shortfall. This trend suggests potential financial instability if not addressed. The organization's assets have fluctuated, showing a notable increase from $1,182,114 in 202206 to $3,748,083 in 202306, which could be due to various factors including new investments or changes in accounting, but liabilities also remain substantial, reaching $6,176,128 in 202306. 

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational losses raise concerns about the sustainability of its current spending patterns relative to its revenue generation. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation is reported under other expense categories, which could impact transparency regarding leadership costs. 

Overall, while the organization has a long filing history, the recent financial performance indicates a need for closer examination of its revenue generation strategies and expense management to ensure long-term financial health. The lack of reported officer compensation is a positive sign for minimizing overhead, but the recurring deficits are a significant concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Magnolia Manor Of St Simons Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Magnolia Manor Of St Simons Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting either a volunteer leadership structure or that compensation is categorized differently, which enhances the perception of low overhead costs for leadership.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Magnolia Manor Of St Simons Inc's IRS 990 filings:

Consistent operational deficits for the past three years (202306, 202206, 202106)
Significant increase in liabilities to $6,176,128 in 202306
Expenses consistently higher than revenue, e.g., $10,296,748 expenses vs $7,683,735 revenue in 202306

Strengths

The following positive indicators were identified for Magnolia Manor Of St Simons Inc:

No reported officer compensation, indicating potentially low executive overhead.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance.
Significant asset growth in the latest period (202306) from $1,182,114 to $3,748,083.

Frequently Asked Questions about Magnolia Manor Of St Simons Inc

Is Magnolia Manor Of St Simons Inc financially stable?

The organization has reported expenses exceeding revenue for the past three fiscal periods (202306, 202206, 202106), indicating a trend of operational deficits which raises concerns about its long-term financial stability.

What caused the significant increase in assets in 202306?

Assets increased from $1,182,114 in 202206 to $3,748,083 in 202306. The specific cause is not detailed in the provided data, but could be due to new investments, property acquisitions, or changes in accounting practices.

How does Magnolia Manor Of St Simons Inc cover its operational deficits?

With expenses consistently exceeding revenue, the organization would likely be drawing from reserves, incurring debt (as suggested by increasing liabilities to $6,176,128 in 202306), or receiving non-operating income not reflected in the 'Revenue' figures provided.

Filing History

IRS 990 filing history for Magnolia Manor Of St Simons Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Magnolia Manor Of St Simons Inc's revenue has declined by 18.6%, moving from $9.4M to $7.7M. Total assets increased by 57.5% over the same period, from $2.4M to $3.7M. Total functional expenses rose by 3.5%, from $10.0M to $10.3M. In its most recent filing year (2023), Magnolia Manor Of St Simons Inc reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $6.2M in liabilities against $3.7M in assets (debt-to-asset ratio: 164.8%), resulting in net assets of $-2,428,045.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.7M	$10.3M	$3.7M	$6.2M	—	View 990
2022	$8.6M	$9.7M	$1.2M	$3.3M	—	View 990
2021	$9.4M	$10.4M	$1.2M	$3.4M	—	View 990
2020	$12.0M	$11.8M	$1.6M	$3.9M	—	View 990
2019	$11.8M	$11.5M	$1.7M	$3.1M	—	View 990
2018	$11.3M	$11.1M	$1.6M	$3.1M	—	View 990
2017	$11.3M	$11.4M	$1.4M	$3.0M	—	View 990
2016	$11.0M	$11.2M	$1.1M	$3.2M	—	View 990
2015	$11.0M	$11.0M	$1.5M	$3.3M	—	View 990
2014	$10.5M	$10.7M	$1.3M	$3.2M	—	View 990
2013	$10.9M	$11.2M	$2.0M	$3.2M	—	View 990
2012	$9.7M	$10.6M	$1.9M	$4.6M	—	View 990
2011	$9.4M	$10.0M	$2.4M	$4.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.7M, expenses of $10.3M, and assets of $3.7M (revenue -10.9% year-over-year).
2022: Revenue of $8.6M, expenses of $9.7M, and assets of $1.2M (revenue -8.6% year-over-year).
2021: Revenue of $9.4M, expenses of $10.4M, and assets of $1.2M (revenue -21.3% year-over-year).
2020: Revenue of $12.0M, expenses of $11.8M, and assets of $1.6M (revenue +1.5% year-over-year).
2019: Revenue of $11.8M, expenses of $11.5M, and assets of $1.7M (revenue +4.4% year-over-year).
2018: Revenue of $11.3M, expenses of $11.1M, and assets of $1.6M (revenue +0.3% year-over-year).
2017: Revenue of $11.3M, expenses of $11.4M, and assets of $1.4M (revenue +2.5% year-over-year).
2016: Revenue of $11.0M, expenses of $11.2M, and assets of $1.1M (revenue -0.3% year-over-year).
2015: Revenue of $11.0M, expenses of $11.0M, and assets of $1.5M (revenue +5.3% year-over-year).
2014: Revenue of $10.5M, expenses of $10.7M, and assets of $1.3M (revenue -3.5% year-over-year).
2013: Revenue of $10.9M, expenses of $11.2M, and assets of $2.0M (revenue +11.6% year-over-year).
2012: Revenue of $9.7M, expenses of $10.6M, and assets of $1.9M (revenue +3.2% year-over-year).
2011: Revenue of $9.4M, expenses of $10.0M, and assets of $2.4M.

Data Sources and Methodology

This transparency report for Magnolia Manor Of St Simons Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.