GYM MAGIC FOUNDATION (EIN 271969731) - 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

2010

Principal Officer

NANCY L BATES

Phone

5755231616

Tax Period

2023-01-01 to 2023-12-31

GYM MAGIC FOUNDATION, founded in 2010, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Expenses of $417K exceeded revenue, resulting in a 24% operating deficit.

Mission

WE BELIEVE IN EXCELLENT TRAINING; WE BELIEVE IN FUN AND CHALLENGE. OUR SPORTS ARE ALSO USED AS TOOLS; TOOLS TO DEVELOP LIFE SKILLS SUCH AS PERSISTENCE, SELF-RELIANCE, DEDICATION AND RESPONSIBILITY. BECAUSE OUR SPORTS ARE FUN AND ALSO CHALLENGING, WE HAVE A WONDERFUL OPPORTUNITY TO TEACH LIFE SKILLS WHILE OUR STUDENTS ARE SIMPLY HAVING FUN.

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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 $0

Program Service Revenue $336,470

Investment Income $12

Other Revenue $0

TOTAL REVENUE $336,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,454

Fundraising Expenses $0

Program Expenses $417,089

Other Expenses $153,635

TOTAL EXPENSES $417,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,482	N/A	N/A
Expenses	$417,089	N/A	N/A
Net Income	$-80,607	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY L BATES	PRESIDENT	20.00	Officer	$0	$0	$0
SANDRA I GRAHAM	SECRETARY-TR	2.00	Officer	$0	$0	$0
PATRICIA MACGREGOR-MENDOZA	DIRECTOR	2.00	Officer	$0	$0	$0
PHIL STEVENS	DIRECTOR	2.00	Officer	$0	$0	$0
JOHNNY TALLEY	DIRECTOR	2.00	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	$336,482	$417,089	$51,313	$-80,607

GYM MAGIC FOUNDATION