MAGIC OF MICHAEL FOUNDATION INC

🔒

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

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

JOHN HIRSCHBECK

Phone

3307079035

Tax Period

2023-01-01 to 2023-12-31

MAGIC OF MICHAEL FOUNDATION INC, founded in 2015, is a micro nonprofit in the Human Services sector that reported $22K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $409K represent 222 months of operating reserves.

Mission

THE FOUNDATION'S MISISON IS TO INSPIRE, EMPOWER AND PROVIDE HOPE TO FAMILIES AFFECTED BY ADRENOLEUKODYSTROPHY (ALD) AND TO ASSIST IN ANY WAY POSSIBLE TO HELP MITIGATE THE AFFECTS OF ANYONE AFFLICTED WITH ALD OR ANY OTHER DISEASE OR DISABLILITY AND UNABLE TO MEET THEIR BASIC NEEDS.

Program Service Accomplishments

Program 1

Expenses: $22,074

THE FOUNDATION WAS ORGANIZED TO PROVIDE ASSISTANCE TO FAMILIES BATTLING ADRENOLEUKODYSTROPHY (ALD) OR ANY OTHER DISEASE OR DISABILITY AND ARE UNABLE TO MEET THEIR BASIC NEEDS. ALD IS A DISEASE WHICH IS A RARE GENETIC BRAIN DISEASE WITH CURRENTLY NO CURE AND AFFECTS MANY FAMILIES. THE FOUNDATION'S PURPOSE IS TO PROVIDE INFORMATION AND ASSISTANCE TO FAMILIES AFFECTED BY ALD OR ANY OTHER DISEASE OR DISABILITY. THE FOUNDATION PROVIDES DONATIONS FOR RESEARCH AND ASSISTS FAMILIES IN TIME OF NEED.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,579

Program Service Revenue $0

Investment Income $8,522

Other Revenue $0

TOTAL REVENUE $22,101

Expense Breakdown

Grants Paid $16,465

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,074

Other Expenses $5,609

TOTAL EXPENSES $22,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,101	$18,836	+0.2%
Expenses	$22,074	$22,835	0.0%
Net Income	$27	$-3,999	-1.0%

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

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
CANDACE BARAK	DIRECTOR	N/A	Director	$0	$0	$0
KIMBERLY DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
FRANK DEMAIN	DIRECTOR	N/A	Director	$0	$0	$0
BROCK GENERALOVICH	DIRECTOR	N/A	Director	$0	$0	$0
STACY GENERALOVICH	DIRECTOR	N/A	Director	$0	$0	$0
DENISE HIRSCHBECK	VICE PRESIEN	N/A	Officer Director	$0	$0	$0
ERIN HIRSCHBECK	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN HIRSCHBECK	PRESIDENT	N/A	Officer Director	$0	$0	$0
MEGAN HIRSCHBECK	TREASURER	N/A	Officer Director	$0	$0	$0
TOM KLIM	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL MEMO	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN ROHAN	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$22,101	$22,074	$408,997	$27
2022	$18,836	$22,835	$408,970	$-3,999
2021	$56,892	$57,323	$412,969	$-431
2020	$107,364	$37,609	$413,400	$69,755
2019	$116,149	$144,190	$345,675	$-28,041
2018	$9,698	$25,940	$342,850	$-16,242