MAGFEST INC (EIN 461086258) - 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

2012

Legal Domicile

Principal Officer

DEBRA R LENIK

Phone

4125229067

Tax Period

2023-07-01 to 2024-06-30

MAGFEST INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $467K, a strong 15% operating margin.

Mission

TO EDUCATE THE PUBLIC ABOUT VIDEO GAME MUSIC, ART, AND HISTORY; TO PROMOTE PUBLIC APPRECIATION OF VIDEO GAME MUSIC, ART, AND HISTORY TO UNDERTAKE OTHER CHARITABLE PROJECTS, PROGRAMS, AND ACTIVITIES NOT INCONSISTENT WITH SECTION 501(C)(3) OF THE IRS CODE AND APPLICABLE STATE LAW.

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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 $96,085

Program Service Revenue $2,764,805

Investment Income $78,868

Other Revenue $128,861

TOTAL REVENUE $3,068,619

Expense Breakdown

Grants Paid $47,284

Salaries & Benefits $464,137

Fundraising Expenses $0

Program Expenses $2,454,413

Other Expenses $2,090,227

TOTAL EXPENSES $2,601,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,068,619	$2,580,630	+0.2%
Expenses	$2,601,648	$1,910,334	+0.4%
Net Income	$466,971	$670,296	-0.3%

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

1700

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

$81,807

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA CHRISTIE	PRESIDENT	10.00	Director	$0	$0	$0
LEON VAN DER GOETZ	SECRETARY	10.00	Director	$0	$0	$0
JARRETT BURNS	TREASURER	10.00	Director	$0	$0	$0
ERIC POCH	DIRECTOR	10.00	Director	$0	$0	$0
CARRIE SNYDER	DIRECTOR	10.00	Director	$0	$0	$0
GABRIEL GUTIERREZ	DIRECTOR	10.00	Director	$0	$0	$0
LAUREN SCHWARTZ	DIRECTOR	10.00	Director	$0	$0	$0
GILLIAN WEBB	DIRECTOR	10.00	Director	$0	$0	$0
DEBRA ROSE LENIK	EXECUTIVE DIRECTOR	40.00	Officer	$81,807	$0	$81,807

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	$3,068,619	$2,601,648	$2,999,487	$466,971
2022	$133,153	$347,684	$1,861,525	$-214,531
2021	$393,233	$895,919	$371,159	$-502,686
2020	$2,287,029	$2,119,775	$875,935	$167,254
2019	$1,695,070	$1,736,868	$703,021	$-41,798

MAGFEST INC