MAGIC MINDS INC

EIN: 472164263 501(c)(3) Youth Development

ELKRIDGE, MD

Total Revenue
$702,865
Total Expenses
$697,622
Total Assets
$11,902
Net Assets
$-91,358
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MD
Principal Officer
MICHAEL MILLER
Phone
4438020576
Tax Period
2023-01-01 to 2023-12-31

MAGIC MINDS INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $703K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A DAILY SUMMER AND AFTER CARE EXPERIENCE THAT MERGES ACADEMIC ENRICHMENT, ENHANCED SOCIAL SKILLS AND UNFORGETTABLE ENJOYMENT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $702,863
Investment Income $2
Other Revenue $0
TOTAL REVENUE $702,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $433,644
Fundraising Expenses $0
Program Expenses $550,347
Other Expenses $263,978
TOTAL EXPENSES $697,622

Year-over-Year Comparison

2023 2022 Change
Revenue $702,865 $608,798 +0.2%
Expenses $697,622 $623,437 +0.1%
Net Income $5,243 $-14,639 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
67
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
2
$121,342
Total Directors
3
$242,684
Key Employees
1
$121,342
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRYSTAL RHODES CO FOUNDER 40
Director Key Emp
$121,342 $0 $121,342
MICHAEL MILLER JR COFOUNDER 40
Officer Director
$121,342 $0 $121,342
AARON CUTHRELL COFOUNDER EMERITUS 1
Officer Director
$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
2023 $702,865 $697,622 $11,902 $5,243
2022 $608,798 $623,437 $32,960 $-14,639
2021 $336,809 $476,233 $62,274 $-139,424
2020 $275,034 $254,334 $40,834 $20,700
2019 $860,848 $901,602 $39,922 $-40,754
2018 $709,260 $706,634 $33,476 $2,626
2017 $590,178 $600,646 $11,450 $-10,468
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MAGIC MINDS INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.