50CAN ACTION FUND INC

EIN: 454698768 Human Services

WASHINGTON, DC

Total Revenue
$2,616,320
Total Expenses
$3,453,647
Total Assets
$4,132,484
Net Assets
$2,871,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CT
Principal Officer
MARC MAGEE
Phone
3014588452
Tax Period
2024-01-01 to 2024-12-31

50CAN ACTION FUND INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

COMMITTED TO ENACTING POLICIES AND REGULATIONS THAT SHARE OUR VISION OF AN EQUITABLE EDUCATION SYSTEM. WE STRIVE TO ADVANCE POLICIES THAT ADVANCE ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY, AND PUT KIDS AT THE CENTER OF ALL THE PUBLIC EDUCATION DECISIONS WE MAKE IN OUR COMMUNITIES AND STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,225,526
Program Service Revenue $209,484
Investment Income $181,310
Other Revenue $0
TOTAL REVENUE $2,616,320

Expense Breakdown

Grants Paid $826,010
Salaries & Benefits $0
Fundraising Expenses $79,587
Program Expenses $3,103,862
Other Expenses $2,627,637
TOTAL EXPENSES $3,453,647

Year-over-Year Comparison

2024 2023 Change
Revenue $2,616,320 $1,317,508 +1.0%
Expenses $3,453,647 $1,818,109 +0.9%
Net Income $-837,327 $-500,601 +0.7%
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
4
Independent Members
3
Employees
N/A
Volunteers
4

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
$756,692
Total Directors
4
$332,048
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA GRAHAM KEEGAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DERRELL BRADFORD PRESIDENT 5.00
Officer Director
$0 $28,226 $332,048
ANN BOROWIEC BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX JOHNSTON BOARD MEMBER 1.00
Director
$0 $0 $0
MARC MAGEE CEO 5.00
Officer
$0 $31,285 $424,644
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 $2,616,320 $3,453,647 $4,132,484 $-837,327
2023 $3,824,356 $1,392,478 $5,011,981 $2,431,878
2023 $1,317,508 $1,818,109 $4,594,703 $-500,601
2022 $1,767,241 $1,153,722 $2,080,880 $613,519
2022 $2,142,241 $1,153,721 $2,455,880 $988,520
2021 $2,007,482 $1,243,458 $3,117,020 $764,024
2020 $1,513,697 $1,104,798 $1,978,966 $408,899
2019 $1,186,552 $1,347,892 $868,275 $-161,340
2018 $1,947,536 $2,354,497 $1,090,957 $-406,961
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