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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 2024. Filed on October 31, 2025.

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 2024 IRS Form 990 filing, Magnolia Healthcare Inc., a 501(c)(3) charitable organization, reported compensation for 5 out of 567 total employees. Among the employees shown here, the average compensation is $139,901. The highest compensated employee at Magnolia Healthcare Inc. is Richard T Daspit Sr with fiscal year 2024 compensation of $247,907.

Revenue, expenses, and employee compensation

Revenue

$30,203,346

Expenses

$28,697,781

Employee compensation

$12,219,665
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard T Daspit Sr
President
$247,907
$0 $241,341 $6,566
Tasha Mosley
Administrator
$124,836
$124,722 No related comp$114
James Burke
Marketing Director
$114,456
$108,362 No related comp$6,094
Charlotte Roxanne Douglas
Staffing Coordinator
$111,120
$105,257 No related comp$5,863
Lacey Terrell
Nursing Director
$101,184
$101,076 No related comp$108

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

Quality Care Nursing
Contract Nursing
$1,949,138
Nexus Therapy Management
Therapy
$1,771,217
Precision Healthcare Staffing
Contract Nursing
$750,339
Apothecare LLC
Pharmacy
$541,490

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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