MAGELLAN FOUNDATION INC (EIN 223209742) - 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

1992

Legal Domicile

Principal Officer

JENNIFER L CARLSON

Phone

5187820600

Tax Period

2024-07-01 to 2025-06-30

MAGELLAN FOUNDATION INC, founded in 1992, is a micro nonprofit in the Environment sector that reported $57K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $54K left a modest 5% surplus.

Mission

SAANYS' MAGELLAN FOUNDATION IS AN APPROVED NYSED PROVIDER FOR A 6-HOUR WORKSHOP TO FULFILL HARASSMENT, BULLYING, AND DISCRIMINATION PREVENTION AND INTERVENTION TRAINING REQUIRED FOR CERTIFICATION/LICENSURE UNDER THE DIGNITY FOR ALL STUDENTS ACT (THE DIGNITY ACT).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $51,648

Investment Income $5,135

Other Revenue $0

TOTAL REVENUE $56,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,398

Fundraising Expenses $0

Program Expenses $53,956

Other Expenses $39,558

TOTAL EXPENSES $53,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,783	$33,464	+0.7%
Expenses	$53,956	$52,782	+0.0%
Net Income	$2,827	$-19,318	-1.1%

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

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

$435,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CASEY	PRESIDENT -	1.00	Officer	$7,030	$0	$236,036
JENNIFER L CARLSON	PRESIDENT	1.00	Officer	$6,000	$0	$199,000
SUSAN HIRST	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MCKENNA	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS PAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN BRUNETTI	SECRETARY/TR	1.00	Officer	$0	$0	$0
DAVID RAUSCH	CHAIRPERSON	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
2025	$56,783	$53,956	$198,856	$2,827
2024	$33,464	$52,782	$196,029	$-19,318
2023	$55,553	$49,976	$215,347	$5,577
2022	$97,531	$55,579	$209,770	$41,952
2021	$15,526	$31,203	$167,818	$-15,677
2020	$25,889	$33,875	$183,495	$-7,986
2019	$66,505	$63,880	$222,990	$2,625

MAGELLAN FOUNDATION INC