FUNDACION MAGNIFICAT CORP (EIN 462240053) - 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

2013

Legal Domicile

Principal Officer

MARIA S ALVAREZ VITALE

Phone

7862861275

Tax Period

2023-10-01 to 2024-09-30

FUNDACION MAGNIFICAT CORP, founded in 2013, is a micro nonprofit in the Religion sector that reported $92K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE SANTA MARA SPIRITUALITY CENTER IS TO ACCOMPANY PEOPLE TO DISCOVER, IN GOD, THE MEANING OF THEIR LIFE. WE PROPOSE A MYSTICAL SPIRITUALITY FOR DAILY LIFE, WHICH INVITES PEOPLE TO LIVE FULLY. ROOTED IN JESUS CHRIST AND HIS MESSAGE OF LOVE, WE TRUST IN THE POWERFUL MEDIATION OF THE SPIRIT WHO -THROUGH SILENCE, CONTEMPLATIVE PRAYER AND COMMUNITY-TRANSFORMS OUR WAY OF BEING AND BEING IN LIFE.WE ACCOMPANY PEOPLE IN EACHOF THE STAGES OF LIFE: CHILDREN, ADOLESCENTS, YOUTH, ADULTS AND SENIORS.THE SANTA MARA SPIRITUALITY CENTER IS A NEW ECCLESIAL COMMUNITY, FOUNDED IN 1972 BY INS ORDOEZ DE LANS. IT WAS BORN AS A CATECHETICAL CENTER, AND IN 1998 IT WAS RECOGNIZED BY THE ARCHDIOCESE OF BUENOS AIRES AS A PRIVATE ASSOCIATION OF THE FAITHFUL.

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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 $0

Program Service Revenue $91,665

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,898

Other Expenses $98,898

TOTAL EXPENSES $98,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,665	$121,306	-0.2%
Expenses	$98,898	$58,545	+0.7%
Net Income	$-7,233	$62,761	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA S ALVAREZ VITALE	DIRECTOR	5.00	Officer	$0	$0	$0
INES M ORDONEZ	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	$91,665	$98,898	$126,284	$-7,233
2023	$121,306	$58,545	$133,517	$62,761
2022	$66,099	$46,208	$70,756	$19,891

FUNDACION MAGNIFICAT CORP