Magic Foundation (EIN 363673333) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

Mary Andrews

Phone

6308368200

Tax Period

2024-01-01 to 2024-12-31

Magic Foundation, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $219K, a strong 18% operating margin.

Mission

To help children and their families whose physical growth is affected by medical problems.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,218,386

Program Service Revenue $0

Investment Income $25,546

Other Revenue $27,346

TOTAL REVENUE $1,271,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,920

Fundraising Expenses $39,176

Program Expenses $1,020,129

Other Expenses $735,594

TOTAL EXPENSES $1,301,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,271,278	$1,244,747	+0.0%
Expenses	$1,301,514	$1,219,257	+0.1%
Net Income	$-30,236	$25,490	-2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$293,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rich Buckley	Chairman	1.00	Officer Director	$0	$0	$0
Ken Dickard	Vice-Chairman	1.00	Officer Director	$0	$0	$0
Courtney Lance-Morakalis	Director/Secretary	1.00	Officer Director	$0	$0	$0
Brian Papo	Director	1.00	Director	$0	$0	$0
James Andrews	Director	1.00	Director	$0	$0	$0
Russ Hazael	Director	1.00	Director	$0	$0	$0
Dianne Kremidas	Executive Director	40.00	Officer	$112,000	$10,604	$122,604
Jamie Harvey	Co-Founder/Dir Tech Ed	40.00	Officer	$57,500	$0	$57,500
Mary Andrews	CEO and Co-Founder	40.00	Officer	$105,000	$8,325	$113,325
Teresa Tucker	Co-Founder	40.00	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	$1,271,278	$1,301,514	$2,754,837	$-30,236
2023	$1,244,747	$1,219,257	$2,758,895	$25,490
2022	$976,579	$976,446	$2,697,351	$133
2021	$1,415,154	$935,413	$2,737,360	$479,741
2020	$918,619	$1,030,578	$2,355,155	$-111,959
2019	$904,110	$1,007,797	$2,393,545	$-103,687
2018	$1,196,726	$978,108	$2,474,330	$218,618

Magic Foundation