CHRISTMAS MAGIC INC C/O CHARLES C RUSSO (EIN 113420933) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

CHARLES RUSSO

Phone

6312657200

Tax Period

2023-01-01 to 2023-12-31

CHRISTMAS MAGIC INC C/O CHARLES C RUSSO, founded in 1998, is a small nonprofit in the Human Services sector that reported $245K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $299K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SOLICIT CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC WHOSE SUPPORT WILL ENABLE THE ORGANIZATION TO PURCHASE & DISTRIBUTE TOYS TO NEEDY CHILDREN DURING THE HOLIDAY SEASON.TO SOLICIT CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC WHOSE SUPPORT WILL ENABLE THE ORGANIZATION TO PURCHASE & DISTRIBUTE TOYS TO THE NEEDY. THE ORGANIZATION VISITS FAMILY SHELTERS AND INDIVIDUAL FAMILIES DURING THE HOLIDAY SEASON TO DISTRIBUTE TOYS TO THE NEEDY CHILDREN.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $246,563

Program Service Revenue $61

Investment Income $87

Other Revenue $-1,740

TOTAL REVENUE $244,971

Expense Breakdown

Grants Paid $50,800

Salaries & Benefits $0

Fundraising Expenses $250

Program Expenses $261,133

Other Expenses $248,616

TOTAL EXPENSES $299,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,971	$226,694	+0.1%
Expenses	$299,416	$332,993	-0.1%
Net Income	$-54,445	$-106,299	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$6,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES C RUSSO	PRESIDENT/CHAIRMAN	2.00	Officer	$0	$0	$0
JAMIE LABELLE	SECRETARY	1.00	Officer	$0	$0	$0
ELISA RUSSELL	TREASURER	10.00	Officer	$6,300	$0	$6,300
MICHAEL COSGROVE	VICE PRESIDENT	1.00	Officer	$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	$244,971	$299,416	$162,701	$-54,445
2022	$226,694	$332,993	$220,861	$-106,299
2021	$245,658	$179,324	$321,952	$66,334
2020	$304,497	$128,185	$255,835	$176,312
2019	$292,563	$267,345	$87,174	$25,218
2018	$297,272	$305,352	$66,976	$-8,080

CHRISTMAS MAGIC INC C/O CHARLES C RUSSO