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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Magnolia Healthcare Inc.

Magnolia Healthcare Inc.

Fiscal year ending 2022. Filed on November 14, 2023.

PO Box 40018
Baton Rouge, Louisiana 70835

Magnolia Healthcare Inc. (EIN: 72-1304946) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Magnolia Healthcare Inc., a 501(c)(3) charitable organization, reported compensation for 6 out of 598 total employees. Among the employees shown here, the average compensation is $151,798. The highest compensated employee at Magnolia Healthcare Inc. is Richard T Daspit Sr with fiscal year 2022 compensation of $228,705.

Revenue, expenses, and employee compensation

Revenue

$27,584,269

Expenses

$23,381,029

Employee compensation

$12,232,559
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard T Daspit Sr
President
$228,705
$0 $222,870 $5,835
Lonnie Peeler
Chief Operating Officer
$196,188
$0 $190,310 $5,878
Tasha Mosley
Administrator
$125,006
$124,907 No related comp$99
Kimberly L Joyce
Chief Financial Officer
$124,115
$0 $118,207 $5,908
Scott Matthews
Administrator
$121,502
$115,900 No related comp$5,602
Richard Daspit Jr
Chief Information Officer
$115,269
$0 $109,187 $6,082

Benchmark Employee Compensation

Non-Employee Board Members

Louis Herrero
Secretary
$12,000
$0 $12,000 No other comp
G Stuart Murphy III
Treasurer
$12,000
$0 $12,000 No other comp

Contractors

Nexus Therapy Management
Therapy
$1,492,448
Quality Care Nursing
Contract Nursing
$697,778
Precision Healthcare Staffing
Contract Nursing
$645,026
Apothecare LLC
Pharmacy
$500,715
Prime Care Nursing
Contract Nursing
$121,584

Mission Statement

TO SERVE THE HEALTH AND REHABILITATION NEEDS OF THE COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE FOR EACH PATIENT, RESIDENT, FAMILY MEMBER, VISITOR AND CO-WORKER.

Revisions to this organization profile

October 31, 2025:
2024 Magnolia Healthcare Inc. 990 filed
November 11, 2024:
2023 Magnolia Healthcare Inc. 990 filed
November 14, 2023:
2022 Magnolia Healthcare Inc. 990 filed

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