MAGIC BUS USA (EIN 273053614) - 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

Legal Domicile

Principal Officer

AMIT BHANDARI

Phone

8327759000

Tax Period

2024-01-01 to 2024-12-31

MAGIC BUS USA, founded in 2010, is a community nonprofit in the International Affairs sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 52% operating deficit.

Mission

MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL.

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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 $1,680,776

Program Service Revenue $0

Investment Income $204,245

Other Revenue $-138,297

TOTAL REVENUE $1,746,724

Expense Breakdown

Grants Paid $2,512,756

Salaries & Benefits $47,542

Fundraising Expenses $73,347

Program Expenses $2,512,756

Other Expenses $90,123

TOTAL EXPENSES $2,650,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,746,724	$6,790,723	-0.7%
Expenses	$2,650,421	$2,993,025	-0.1%
Net Income	$-903,697	$3,797,698	-1.2%

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

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

$41,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT BHANDARI	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KAPIL MATHUR	DIRECTOR	1.00	Officer Director	$0	$0	$0
MATTHEW SPACIE	DIRECTOR	5.00	Officer Director	$0	$0	$0
ASH SOMANI	DIRECTOR	1.00	Officer Director	$0	$0	$0
ARPAN SHETH	DIRECTOR	1.00	Director	$0	$0	$0
AVINASH VASHISTHA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH CURRID	EXECUTIVE DIRECTOR	40.00	Officer	$41,934	$0	$41,934

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	$1,746,724	$2,650,421	$5,155,852	$-903,697
2023	$6,790,723	$2,993,025	$5,874,672	$3,797,698
2022	$3,022,640	$1,829,224	$2,026,142	$1,193,416
2021	$991,981	$740,481	$782,890	$251,500
2020	$1,496,628	$1,141,715	$710,800	$354,913
2019	$1,276,455	$1,482,283	$251,563	$-205,828
2018	$1,470,091	$1,792,721	$411,529	$-322,630

MAGIC BUS USA