MAGNIFICENT MILE CHARITABLE FOUNDATION (EIN 363791016) - 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

1991

Legal Domicile

Principal Officer

KIMBERLY BARES

Phone

3123442336

Tax Period

2023-01-01 to 2023-12-31

MAGNIFICENT MILE CHARITABLE FOUNDATION, founded in 1991, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue surged 555% from the prior year, signaling strong growth momentum. Expenses of $67K left a modest 13% surplus.

Mission

The Magnificent Mile Charitable Foundation provides support for education and programs benefiting underserved citizens and communities in Chicago.

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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 $68,942

Program Service Revenue $0

Investment Income $4,963

Other Revenue $2,910

TOTAL REVENUE $76,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,790

Other Expenses $66,790

TOTAL EXPENSES $66,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,815	$11,724	+5.6%
Expenses	$66,790	$31,064	+1.2%
Net Income	$10,025	$-19,340	-1.5%

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

N/A

Employees

N/A

Volunteers

N/A

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
Dan Gibbons	Board Member	0.25	Director	$0	$0	$0
Heather Way Kitzes	Board Member	1.00	Director	$0	$0	$0
Jennifer Kunde	Board Member	N/A	Director	$0	$0	$0
Susan Gordon	Secretary	1.00	Officer Director	$0	$0	$0
Kimberly Bares	President/CEO	3.00	Officer Director	$0	$0	$0
Donna Pugh	Chair	3.00	Officer Director	$0	$0	$0
David Macknin	Treasurer	1.00	Officer 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
2023	$76,815	$66,790	$92,183	$10,025
2022	$11,724	$31,064	$73,497	$-19,340
2021	$4,151	$11,806	$92,837	$-7,655
2020	$41,716	$52,281	$130,403	$-10,565
2020	$41,716	$52,281	$130,403	$-10,565
2019	$195,909	$189,185	$111,217	$6,724

MAGNIFICENT MILE CHARITABLE FOUNDATION