MADRAIGOS INC (EIN 412209053) - 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

2006

Legal Domicile

Principal Officer

DOV SILVER

Phone

5163713250

Tax Period

2023-01-01 to 2023-12-31

MADRAIGOS INC, founded in 2006, is a community nonprofit in the Youth Development sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.9M left a modest 6% surplus.

Mission

MADRAIGOS INC WAS FORMED FOR THE PURPOSES OF ESTABLISHING AND MAINTAINING A BROAD RANGE OF AFTER SCHOOL ENRICHMANT AND RECREATION PROGRAMS DEDICATED TO IMPROVING THE LIVES OF TEENAGERS AND YOUNG ADULTS. THE CORPORATION STRIVES, THROUGH ITS ACTIVITIES, TO PROVIDE A SENSE OF LOVE, SAFETY, AND SECURITY. MADRAIGOS HAS PROGRAMS FOR THE SPIRITUAL ENRICHMENT AND BROWTH OF ALL OF ITS PARTICIPANTS AS WELL AS PROVIDING MENTORING SERVICES FOR THOSE WHO NEED IT. MADRAIGOS BELIEVES THAT THESE PROGRAMS NOT ONLY IMPROVE THE LIVES OF THE TEENAGERS AND YOUNG ADULTS SERVED, BUT THE COMMUNITY AS A WHOLE.

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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 $1,937,002

Program Service Revenue $47,787

Investment Income $0

Other Revenue $1,167

TOTAL REVENUE $1,985,956

Expense Breakdown

Grants Paid $513,952

Salaries & Benefits $798,038

Fundraising Expenses $75,611

Program Expenses $1,627,988

Other Expenses $545,687

TOTAL EXPENSES $1,857,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,985,956	$2,312,024	-0.1%
Expenses	$1,857,677	$2,069,774	-0.1%
Net Income	$128,279	$242,250	-0.5%

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

Employees

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

$339,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOV SILVER	EXEC. VP	60.00	Officer	$228,000	$111,298	$339,298
NATHAN GINSBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMCHA GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KLEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
USHI SHAFRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NAFTALI SOLOMON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY SPINNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR STEVEN LEVINE	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$1,985,956	$1,857,677	$1,267,817	$128,279
2022	$2,312,024	$2,069,774	$1,158,361	$242,250
2022	$2,312,024	$2,069,774	$1,158,361	$242,250
2021	$1,434,317	$1,493,865	$938,643	$-59,548
2020	$1,248,327	$1,210,086	$1,050,183	$38,241
2019	$1,051,633	$1,186,858	$1,059,766	$-135,225
2018	$1,146,290	$1,078,641	$1,153,011	$67,649

MADRAIGOS INC