MAGICAL STRINGS OF YOUTH NFP (EIN 202231076) - 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

2005

Legal Domicile

Principal Officer

BETTY HAAG-KUHNKE

Phone

8472539730

Tax Period

2023-01-01 to 2023-12-31

MAGICAL STRINGS OF YOUTH NFP, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2023. Expenses of $253K exceeded revenue, resulting in a 97% operating deficit.

Mission

TO PROMOTE MUSIC APPRECIATION AMONG YOUTH BY PROVIDING OPPORTUNITIES FOR CONCERT PERFORMANCES.

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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 $4,900

Program Service Revenue $10,379

Investment Income $113,233

Other Revenue $0

TOTAL REVENUE $128,512

Expense Breakdown

Grants Paid $151,644

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $174,494

Other Expenses $86,446

TOTAL EXPENSES $253,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,512	$128,093	+0.0%
Expenses	$253,090	$158,477	+0.6%
Net Income	$-124,578	$-30,384	+3.1%

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

$15,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY HAAG-KUHNKE	PRESIDENT	12.00	Officer Director	$15,000	$0	$15,000
BEN MANIBOG	DIRECTOR	0.30	Director	$0	$0	$0
MARY GALVIN	DIRECTOR	0.30	Director	$0	$0	$0
LARRY BRYERMAN	TREASURER	0.30	Officer	$0	$0	$0
PATRICK METCALF	SECRETARY	0.30	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	$128,512	$253,090	$202,881	$-124,578
2022	$128,093	$158,477	$327,459	$-30,384
2021	$141,187	$144,778	$357,843	$-3,591
2020	$169,682	$157,777	$361,434	$11,905
2019	$289,573	$170,198	$349,529	$119,375
2018	$64,725	$146,895	$230,154	$-82,170

MAGICAL STRINGS OF YOUTH NFP