MAGIK MAGIK ORCHESTRA (EIN 271399385) - 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

2009

Legal Domicile

Principal Officer

MINNA CHOI

Phone

9178487006

Tax Period

2023-01-01 to 2023-12-31

MAGIK MAGIK ORCHESTRA, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $197K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $175K left a modest 11% surplus.

Mission

MUSICIAN COOP

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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 $15,000

Program Service Revenue $181,586

Investment Income $0

Other Revenue $0

TOTAL REVENUE $196,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,293

Fundraising Expenses $0

Program Expenses $172,246

Other Expenses $13,695

TOTAL EXPENSES $174,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,586	$255,091	-0.2%
Expenses	$174,988	$231,464	-0.2%
Net Income	$21,598	$23,627	-0.1%

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

N/A

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

$66,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HESSION	DIRECTOR	0.00	Director	$0	$0	$0
MINNA CHOI	PRESIDENT	20.00	Officer	$66,700	$0	$66,700
KARL CRONIN	VICE PRESIDENT	0.00	Officer	$0	$0	$0
JOHN VANDERSLICE	TREASURER	0.00	Officer	$0	$0	$0
ZOE KEATING	SECRETARY	0.00	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
2024	No data	No data	No data	No data
2023	$196,586	$174,988	$96,286	$21,598
2022	$255,091	$231,464	$75,237	$23,627
2021	$161,327	$158,075	$69,625	$3,252
2020	$174,866	$166,657	$8,209	$8,209
2019	$181,492	$322,428	No data	$-140,936
2018	$279,783	$282,417	No data	$-2,634

MAGIK MAGIK ORCHESTRA