MAGICAL MIX KIDS C/O JIM COLOFF

EIN: 421491936 501(c)(3) Health Care

CEDAR FALLS, IA

Total Revenue
$96,146
Total Expenses
$110,650
Total Assets
$222,481
Net Assets
$222,481
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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
1999
Legal Domicile
IA
Principal Officer
JIM COLOFF
Phone
3192771918
Tax Period
2019-01-01 to 2019-12-31

MAGICAL MIX KIDS C/O JIM COLOFF, founded in 1999, is a micro nonprofit in the Health Care sector that reported $96K in total revenue in fiscal year 2019. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE A WORRY-FREE VACATION FOR CHRONICALLY AND TERMINALLY ILL CHILDREN OF NORTHEAST IOWA.

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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 $108,214
Program Service Revenue $0
Investment Income $12
Other Revenue $-12,080
TOTAL REVENUE $96,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,372
Other Expenses $110,650
TOTAL EXPENSES $110,650

Year-over-Year Comparison

2019 2018 Change
Revenue $96,146 $190,931 -0.5%
Expenses $110,650 $81,351 +0.4%
Net Income $-14,504 $109,580 -1.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
45

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM COLOFF PRESIDENT 1.00
Officer Director
$0 $0 $0
ANN MARIE NIELSEN VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
KIM HANSEN 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
2019 $96,146 $110,650 $222,481 $-14,504
2018 $190,931 $81,351 $236,985 $109,580
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