OPEN HEART MAGIC

EIN: 270095889 501(c)(3) Human Services

Chicago, IL

Total Revenue
$973,631
Total Expenses
$917,890
Total Assets
$1,273,937
Net Assets
$974,713
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
IL
Principal Officer
Michael Walton
Phone
3126248079
Tax Period
2024-01-01 to 2024-12-31

OPEN HEART MAGIC, founded in 2004, is a small nonprofit in the Human Services sector that reported $974K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $918K left a modest 6% surplus.

Mission

To strengthen sick kids using the therapeutic power of magic.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $565,466
Program Service Revenue $92,368
Investment Income $16,024
Other Revenue $299,773
TOTAL REVENUE $973,631

Expense Breakdown

Grants Paid $0
Salaries & Benefits $612,782
Fundraising Expenses $127,013
Program Expenses $636,891
Other Expenses $305,108
TOTAL EXPENSES $917,890

Year-over-Year Comparison

2024 2023 Change
Revenue $973,631 $874,846 +0.1%
Expenses $917,890 $864,722 +0.1%
Net Income $55,741 $10,124 +4.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
26
Independent Members
25
Employees
6
Volunteers
26

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
4
$150,750
Total Directors
26
$150,750
Key Employees
1
$150,750
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Walton Founder and Executive Director 40
Officer Director Key Emp
$150,750 $0 $150,750
Sean McCarthy Chair of the Executive Committee 5
Officer Director
$0 $0 $0
Kyle Furry Treasurer 5
Officer Director
$0 $0 $0
Bob Driscoll Secretary 5
Officer Director
$0 $0 $0
Jake Hagelow Director 2
Director
$0 $0 $0
Katie Snider Director 2
Director
$0 $0 $0
Christing Gravel Lippoldt Director 2
Director
$0 $0 $0
Katy Pinter Director 2
Director
$0 $0 $0
Leslie Malysiak Director 2
Director
$0 $0 $0
Katy Leoni Director 2
Director
$0 $0 $0
Maureen Lesak Director 2
Director
$0 $0 $0
Michael Hoehne Director 2
Director
$0 $0 $0
Ankit Agrawal Director 2
Director
$0 $0 $0
Nader Salah Director 2
Director
$0 $0 $0
Randy Scheuneman Director 2
Director
$0 $0 $0
Renee Grimm Director 2
Director
$0 $0 $0
Ryan Walsh Director 2
Director
$0 $0 $0
Scott Smith Director 2
Director
$0 $0 $0
Andrew Denenberg Director 2
Director
$0 $0 $0
Sue Walton Director 2
Director
$0 $0 $0
Temitope Sadiku Director 2
Director
$0 $0 $0
Hilary Goldin Parker Director 2
Director
$0 $0 $0
Sara Murphy Director 2
Director
$0 $0 $0
Mark Passerini Director 2
Director
$0 $0 $0
Clay Foster Director 2
Director
$0 $0 $0
Rory Walsh Director 2
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 $973,631 $917,890 $1,273,937 $55,741
2023 $874,846 $864,722 $1,286,274 $10,124
2022 $888,400 $807,234 $1,299,686 $81,166
2021 $701,813 $517,121 $917,738 $184,692
2020 $470,207 $503,582 $815,354 $-33,375
2019 $820,502 $749,566 $794,246 $70,936
2018 $745,038 $605,565 $693,632 $139,473
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare OPEN HEART MAGIC with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.