MAGIC CABINET FOUNDATION TUA

EIN: 376459598 501(c)(3)

LAS VEGAS, NV

Total Revenue
$17,094
Total Expenses
$950,415
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WA
Principal Officer
WELLS FARGO BANK NA
Phone
8887304933
Tax Period
2019-01-01 to 2019-12-31

MAGIC CABINET FOUNDATION TUA, founded in 2010, is a micro nonprofit that reported $17K in total revenue in fiscal year 2019. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $950K exceeded revenue, resulting in a 5460% operating deficit.

Mission

TO INVEST AND DISTRIBUTE INCOME TO SUPPORT TECHNOLOGY ACCESS FOUNDATION, PROSTHETICS OUTREACH FOUNDATION GRAYS HARBOR

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $17,094
Other Revenue $0
TOTAL REVENUE $17,094

Expense Breakdown

Grants Paid $940,281
Salaries & Benefits $8,232
Fundraising Expenses $0
Program Expenses $944,241
Other Expenses $1,902
TOTAL EXPENSES $950,415

Year-over-Year Comparison

2019 2018 Change
Revenue $17,094 $111,523 -0.8%
Expenses $950,415 $850,085 +0.1%
Net Income $-933,321 $-738,562 +0.3%
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

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Governance

Voting Members
5
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDI BEDNARIK DIRECTOR 1.0
Director
$0 $0 $0
LES BOLTON TRUSTEE 1.0
Director
$0 $0 $0
HEIDI PETERSON DIRECTOR 1.0
Director
$0 $0 $0
TRISH DZIKO DIRECTOR 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
$8,232 $0 $8,232
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
2019 $17,094 $950,415 No data $-933,321
2018 $111,523 $850,085 $933,938 $-738,562
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