50CAN ACTION FUND INC

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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

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

WE STRIVE TO ENACT POLICIES THAT ADVANCE OUR VISION OF AN EQUITABLE EDUCATION SYSTEM. WE ARE COMMITTED TO PUTTING KIDS AT THE CENTER OF ALL THE PUBLIC EDUCATION DECISIONS WE MAKE IN OUR COMMUNITIES AND STATES.

Program Service Accomplishments

Program 1

Expenses: $1,934,702 Revenue: $0

ADVOCACY ACTIVITIES:ADVOCACY ACTIVITIES ARE INTENDED TO PROMOTE POLICY REFORM AIMED AT IMPROVING STUDENT ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY. THE ACTIVITIES INCLUDED DEVELOPING POLICY...

ADVOCACY ACTIVITIES:ADVOCACY ACTIVITIES ARE INTENDED TO PROMOTE POLICY REFORM AIMED AT IMPROVING STUDENT ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY. THE ACTIVITIES INCLUDED DEVELOPING POLICY POSITIONS ON RELEVANT EDUCATION QUESTIONS AND DIRECT LOBBYING ON RELATED LEGISLATIVE AND ADMINISTRATIVE TOPICS.

Program 2

Expenses: $1,133,357 Revenue: $0

POLITICAL CAMPAIGN ACTIVITIES:POLITICAL CAMPAIGN ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH EARNED MEDIA AS WELL AS MAILINGS ON EDUCATIONAL ISSUES.

Program 3

Expenses: $35,803 Revenue: $209,484

FISCAL SPONSORSHIPSTHE ORGANIZATION PROVIDES FISCAL SPONSORSHIP SERVICES TO ALIGNED PROJECTS BY OFFERING FINANCIAL MANAGEMENT, COMPLIANCE OVERSIGHT, AND ADMINISTRATIVE SUPPORT. IN RETURN, THE...

FISCAL SPONSORSHIPSTHE ORGANIZATION PROVIDES FISCAL SPONSORSHIP SERVICES TO ALIGNED PROJECTS BY OFFERING FINANCIAL MANAGEMENT, COMPLIANCE OVERSIGHT, AND ADMINISTRATIVE SUPPORT. IN RETURN, THE ORGANIZATION COLLECTS A MANAGEMENT FEE. THE ORGANIZATION OFFERS PROFESSIONAL SERVICES, INCLUDING CONSULTING AND STRATEGY SUPPORT, TO PARTNER ORGANIZATIONS. THESE SERVICES STRENGTHEN ADVOCACY CAPACITY AND EXPAND PUBLIC ENGAGEMENT.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$756,692

Total Directors

$332,048

Key Employees

Highest Compensated

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	$2,142,241	$1,153,721	$2,455,880	$988,520
2022	$1,767,241	$1,153,722	$2,080,880	$613,519
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