50CAN INC

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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

MARC MAGEE

Phone

3014588452

Tax Period

2023-01-01 to 2023-12-31

50CAN INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $80.6M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $74.2M left a modest 8% surplus.

Mission

50CAN IS ORGANIZED FOR THE PURPOSE OF IMPROVING THE QUALITY OF PUBLIC EDUCATION IN THE UNITED STATES OF AMERICA. IT DOES SO THROUGH THE CREATION AND MANAGEMENT OF STATE-BASED EDUCATIONAL ADVOCACY CAMPAIGNS, FELLOWSHIPS FOR COMMUNICATORS AND CHANGE MAKERS, SUPPORT OF EDUCATIONAL INNOVATORS AND ENTREPRENEURS AND PROVIDING RESOURCES AND RESEARCH ON EFFECTIVE ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $61,240,126 Revenue: $4,442,879

FISCAL SPONSORSHIPS50CAN OFFERS FISCAL SPONSORSHIP SERVICES TO PARTNER ORGANIZATIONS THAT WORK WITHIN THE ORGANIZATION'S BELIEVE IN BETTER POLICY FRAMEWORK. TO DATE, THESE RELATIONSHIPS HAVE BEEN...

FISCAL SPONSORSHIPS50CAN OFFERS FISCAL SPONSORSHIP SERVICES TO PARTNER ORGANIZATIONS THAT WORK WITHIN THE ORGANIZATION'S BELIEVE IN BETTER POLICY FRAMEWORK. TO DATE, THESE RELATIONSHIPS HAVE BEEN OFFERED TO NEW ORGANIZATIONS AWAITING INDEPENDENT 501(C)(3) STATUS OR TO THOSE WHO WANT TO UTILIZE 50CAN'S FINANCIAL AND ADMINISTRATIVE MANAGEMENT.

Program 2

Expenses: $5,167,028 Revenue: $0

ADVOCATE FOR POLICY CHANGE50CAN'S EXPERT STAFF TEAMS UP WITH LOCAL ADVOCACY LEADERS TO DEVELOP AND ENACT STUDENT AND FAMILY-CENTERED POLICY CHANGE.

Program 3

Expenses: $3,259,839 Revenue: $0

COMMUNICATIONS & MOBILIZATION50CAN HELPS LOCAL LEADERS CREATE A MOVEMENT OF INFORMED CITIZENS THROUGH MEDIA WORK, E-ADVOCACY, PUBLICATIONS, GRAPHIC DESIGN, PARTNERSHIPS WITH LIKE-MINDED CIVIC AND...

COMMUNICATIONS & MOBILIZATION50CAN HELPS LOCAL LEADERS CREATE A MOVEMENT OF INFORMED CITIZENS THROUGH MEDIA WORK, E-ADVOCACY, PUBLICATIONS, GRAPHIC DESIGN, PARTNERSHIPS WITH LIKE-MINDED CIVIC AND COMMUNITY GROUPS, PHONE BANKS, PETITIONS AND RALLIES. AS A RESULT, 50CAN LEADERS ARE FREQUENTLY FEATURED IN TELEVISION, ONLINE AND PRINT.

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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 $75,971,332

Program Service Revenue $4,442,879

Investment Income $199,950

Other Revenue $246

TOTAL REVENUE $80,614,407

Expense Breakdown

Grants Paid $55,805,582

Salaries & Benefits $8,177,971

Fundraising Expenses $260,435

Program Expenses $69,666,993

Other Expenses $10,185,551

TOTAL EXPENSES $74,177,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,614,407	$37,090,533	+1.2%
Expenses	$74,177,633	$36,341,433	+1.0%
Net Income	$6,436,774	$749,100	+7.6%

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

$670,372

Total Directors

$380,200

Key Employees

$247,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC MAGEE	CEO & TREASURER	40.00	Officer Director	$345,586	$34,614	$380,200
MICHAEL PHILLIPS	CHAIR	1.00	Officer Director	$0	$0	$0
ANN BOROWIEC	DIRECTOR	1.00	Director	$0	$0	$0
CAMPBELL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE HALEY	DIRECTOR	1.00	Director	$0	$0	$0
DEEPA JAVERI	DIRECTOR, THRU DEC. 2023	1.00	Director	$0	$0	$0
ROLAND MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA GRAHAM KEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SCHWEDEL	DIRECTOR	1.00	Director	$0	$0	$0
DACIA TOLL	DIRECTOR, THRU JULY 2023	1.00	Director	$0	$0	$0
DERRICK DIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DERRELL BRADFORD	PRESIDENT	40.00	Officer	$275,034	$15,138	$290,172
JONATHAN NIKKILA	EXECUTIVE VICE PRESIDENT	50.00	Key Emp	$218,454	$28,672	$247,126
SEAN ANDERSEN	SENIOR ADVISOR	50.00	Highest	$279,158	$20,558	$299,716
RESHMA SINGH	SENIOR ADVISOR	50.00	Highest	$280,915	$37,700	$318,615
BEN AUSTIN	EXECUTIVE DIRECTOR OF ECRN	50.00	Highest	$272,820	$46,391	$319,211
PAULA WHITE	EXECUTIVE DIRECTOR	50.00	Highest	$229,740	$4,883	$234,623
KELLI DRAGO BOTTGER	EXECUTIVE DIRECTOR	40.00	Highest	$205,767	$28,533	$234,300
MICHELE MASON	FORMER COO	0.00		$280,128	$0	$280,128

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	$80,614,407	$74,177,633	$19,850,307	$6,436,774
2022	$37,090,533	$36,341,433	$12,137,182	$749,100
2021	$14,699,448	$11,541,176	$11,451,169	$3,158,272
2020	$9,424,103	$11,077,698	$6,987,933	$-1,653,595
2020	$10,338,380	$10,166,595	$7,906,075	$171,785
2019	$15,475,405	$10,811,790	$8,185,866	$4,663,615
2018	$11,589,004	$11,651,427	$3,476,799	$-62,423