MAGICAL PALACE OF KNOWLEDGE CENTER INC

EIN: 451954256 501(c)(3)

CLIFTON, NJ

Total Revenue
$576,629
Total Expenses
$619,899
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
NJ
Principal Officer
VERA MAYDEL
Phone
9738151900
Tax Period
2020-01-01 to 2020-12-31

MAGICAL PALACE OF KNOWLEDGE CENTER INC, founded in 2012, is a small nonprofit that reported $577K in total revenue in fiscal year 2020.

Mission

DAY CARE AND EARLY CHILDHOOD DEVELOPMENT

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $576,629
Investment Income $0
Other Revenue $0
TOTAL REVENUE $576,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,114
Fundraising Expenses $0
Program Expenses $619,899
Other Expenses $539,785
TOTAL EXPENSES $619,899

Year-over-Year Comparison

2020 2019 Change
Revenue $576,629 N/A N/A
Expenses $619,899 N/A N/A
Net Income $-43,270 N/A N/A
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
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERA MAYDEL President 20.00
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
2020 $576,629 $619,899 No data $-43,270
2019 $2,166,393 $2,139,188 $88,335 $27,205
2018 $2,131,289 $2,118,139 $61,710 $13,150
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