50CAN INC (EIN 273069592) - 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

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, INC. IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO BUILDING THE FUTURE OF AMERICAN EDUCATION BY DELIVERING ON FIVE CORE PROMISES TO THE COUNTRY'S CHILDREN.

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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

50CAN INC