MAGELLAN EDUCATION FOUNDATION INC (EIN 203971056) - 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

BRUCE BOUCHER

Phone

9198440277

Tax Period

2023-07-01 to 2024-06-30

MAGELLAN EDUCATION FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $475K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 24% operating margin.

Mission

TO SUPPORT AND MANAGE ASSETS FOR THE MAGELLAN CHARTER SCHOOL AND OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THAT SCHOOL OR ITS PROGRAMS.

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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 $77,962

Program Service Revenue $365,682

Investment Income $31,248

Other Revenue $0

TOTAL REVENUE $474,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,170

Other Expenses $362,170

TOTAL EXPENSES $362,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,892	$365,340	+0.3%
Expenses	$362,170	$331,248	+0.1%
Net Income	$112,722	$34,092	+2.3%

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

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

$158,309

Total Directors

$158,309

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE BOUCHER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM DERRICKSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA O'DONOVAN	SECRETARY	2.00	Officer Director	$0	$14,309	$158,309
SUZY ALLAIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM NOWAK	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN WITTY	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE LOTTERHOS	BOARD MEMBER	1.00	Director	$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	$474,892	$362,170	$7,470,061	$112,722
2023	$365,340	$331,248	$7,474,445	$34,092
2022	$323,820	$361,725	$7,107,279	$-37,905
2021	$429,134	$326,259	$7,238,088	$102,875
2020	$465,564	$326,451	$7,248,961	$139,113
2019	$460,738	$260,097	$5,382,930	$200,641
2018	$408,857	$288,261	$5,927,860	$120,596

MAGELLAN EDUCATION FOUNDATION INC