Megs Smile Foundation Inc (EIN 275163151) - 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

2011

Legal Domicile

Principal Officer

James Wasley

Phone

9194345050

Tax Period

2023-01-01 to 2023-12-31

Megs Smile Foundation Inc, founded in 2011, is a small nonprofit in the Medical Research sector that reported $232K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $222K left a modest 4% surplus.

Mission

Provide gifts and/or fun days to children affected by serious illnesses who are treated in NC hospitals. Our mission is to bring smiles to the faces of these children and their families.

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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 $225,854

Program Service Revenue $0

Investment Income $6,642

Other Revenue $0

TOTAL REVENUE $232,496

Expense Breakdown

Grants Paid $143,644

Salaries & Benefits $0

Fundraising Expenses $55,819

Program Expenses $149,947

Other Expenses $78,743

TOTAL EXPENSES $222,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,496	$327,710	-0.3%
Expenses	$222,387	$243,744	-0.1%
Net Income	$10,109	$83,966	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Wasley	Chairman/Treasurer	25.00	Officer	$0	$0	$0
Boyce Hudson	Vice Chairman	5.00	Officer	$0	$0	$0
Jamie Oliver	Secretary	5.00	Officer	$0	$0	$0
Sean Mayefskie	Board Member	10.00	Director	$0	$0	$0
Thomas O'Brien	Board Member	5.00	Director	$0	$0	$0
Mary Fuoto	Board Member	10.00	Director	$0	$0	$0
Phillip Passey	Board Member	5.00	Director	$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	$232,496	$222,387	$482,084	$10,109
2022	$327,710	$243,744	$471,974	$83,966
2021	$280,550	$230,140	$388,009	$50,410
2020	$83,689	$114,542	$337,599	$-30,853
2019	$269,210	$203,475	$368,452	$65,735
2018	$276,242	$211,896	$302,717	$64,346

Megs Smile Foundation Inc