MAHANA MAGIC FOUNDATION INC

EIN: 472277707 501(c)(3) Health Care

Burlington, VT

Total Revenue
$164,637
Total Expenses
$250,073
Total Assets
$201,661
Net Assets
$201,661
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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
2010
Legal Domicile
VT
Tax Period
2023-01-01 to 2023-12-31

MAHANA MAGIC FOUNDATION INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $165K in total revenue in fiscal year 2023. Expenses of $250K exceeded revenue, resulting in a 52% operating deficit.

Mission

SUPPORT FOR CHILDREN WHO ARE COPING WITH THE FEAR AND UNCERTAINTY OF HAVING A PARENT OR LOVED ONE WITH CANCER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,795
Program Service Revenue $0
Investment Income $3,545
Other Revenue $29,297
TOTAL REVENUE $164,637

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,613
Fundraising Expenses $0
Program Expenses $218,718
Other Expenses $177,460
TOTAL EXPENSES $250,073

Year-over-Year Comparison

2023 2022 Change
Revenue $164,637 $155,120 +0.1%
Expenses $250,073 $202,642 +0.2%
Net Income $-85,436 $-47,522 +0.8%
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
5
Independent Members
5
Employees
1
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
3
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hana Couture Board member 5.00
Director
$0 $0 $0
Laurie Brooks Treasurer 1.00
Officer Director
$0 $0 $0
Chelsie Lang Secretary 2.00
Officer
$0 $0 $0
Mike Couture President 5.00
Officer
$0 $0 $0
Makena Couture Managing Driector 40.00
Key Emp
$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 $164,637 $250,073 $201,661 $-85,436
2022 $155,120 $202,642 $264,027 $-47,522
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