SOUTHWEST MAGIC FOOD PROGRAM INC

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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

2014

Legal Domicile

Principal Officer

GAIL R LANE

Phone

7132915992

Tax Period

2022-01-01 to 2022-12-31

SOUTHWEST MAGIC FOOD PROGRAM INC, founded in 2014, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.5M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE EXCELLENCE IN IMPROVING AND MAINTAINING THE HEALTH AND NUTRITIONAL STATUS OF CHILDREN AND ADULTS THROUGH THE REIMBURSEMENT CACFP (CHILD AND ADULT CARE FOOD PROGRAM) WITH ORGANIZED DAYCARE CENTERS.

Program Service Accomplishments

Program 1

Expenses: $2,249,621

PROVIDED EXCELLENCE IN IMPROVING AND MAINTAINING THE HEALTH AND NUTRITIONAL STATUS OF CHILDREN THROUGH THE REIMBURSEMENT CACFP (CHILD AND ADULT CARE FOOD PROGRAM) WITH ORGANIZED DAYCARE CENTERS...

PROVIDED EXCELLENCE IN IMPROVING AND MAINTAINING THE HEALTH AND NUTRITIONAL STATUS OF CHILDREN THROUGH THE REIMBURSEMENT CACFP (CHILD AND ADULT CARE FOOD PROGRAM) WITH ORGANIZED DAYCARE CENTERS, MAKING HOUSTON TEXAS AND SURRONDING CITIES A HEALTHY-LIVING MODEL FOR THE REST OF THE COUNTRY, ENABLING DAYCARES TO FEED CHILDREN HEALTHY GOODS NEEDED FOR THE EMPOWERMENT OF YOUNG MINDS, STRONG BODIES AND BETTER LIVING. SOUTHWEST MAGIC FOOD PROGRAM, INC PROVIDED SERVICES TO OVER 20 CHILD DAYCARE CENTERS AND HAS FULFILLED ITS MISSION ONE DAYCARE AT A TIME IN 2015 BY THE NECESSARY MEANS THROUGH THE CACFP PROGRAM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,442,063

Program Service Revenue $0

Investment Income $0

Other Revenue $9,000

TOTAL REVENUE $2,451,063

Expense Breakdown

Grants Paid $2,083,619

Salaries & Benefits $200,514

Fundraising Expenses $0

Program Expenses $2,349,621

Other Expenses $202,960

TOTAL EXPENSES $2,487,093

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,451,063	$2,250,936	+0.1%
Expenses	$2,487,093	$2,192,787	+0.1%
Net Income	$-36,030	$58,149	-1.6%

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

N/A

Employees

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

$124,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL R LANE	EXECUTIVE DI	45.00	Officer	$124,200	$0	$124,200

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
2023	No data	No data	No data	No data
2022	$2,451,063	$2,487,093	$278,362	$-36,030
2021	$2,250,936	$2,192,787	$258,851	$58,149
2020	$2,030,096	$2,203,616	$190,785	$-173,520
2019	$2,326,457	$2,292,842	$224,135	$33,615
2018	$2,121,366	$2,095,307	$202,508	$26,059