Magnalia Foundation

EIN: 463267182 501(c)(3) Religion

Alpharetta, GA

Total Revenue
$118,610
Total Expenses
$83,267
Total Assets
$672,227
Net Assets
$672,227
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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
GA
Phone
7706419394
Tax Period
2024-07-01 to 2025-06-30

Magnalia Foundation, founded in 2013, is a small nonprofit in the Religion sector that reported $119K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 30% operating margin.

Mission

Promote cultural, social, spiritual,and educational activities within the South East region of the United 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 $92,696
Program Service Revenue $21,548
Investment Income $2,695
Other Revenue $1,671
TOTAL REVENUE $118,610

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,477
Other Expenses $82,267
TOTAL EXPENSES $83,267

Year-over-Year Comparison

2024 2023 Change
Revenue $118,610 $110,580 +0.1%
Expenses $83,267 $69,718 +0.2%
Net Income $35,343 $40,862 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
30

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Pacitti N/A 2.00
Director
$0 $0 $0
Ricardo Alvarado N/A 2.00
Director
$0 $0 $0
Juan Hernandez N/A 2.00
Director
$0 $0 $0
Enrique Gelpi N/A 2.00
Director
$0 $0 $0
Jerry Drisaldi CEO 10.00
Officer
$0 $0 $0
Richard Gruca President 5.00
Officer
$0 $0 $0
David Leta CFO & Treasurer 10.00
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 $118,610 $83,267 $672,227 $35,343
2024 $110,580 $69,718 $636,884 $40,862
2023 $134,972 $40,455 $596,019 $94,517
2022 $66,946 $40,713 $501,503 $26,233
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