MAGIC OF MICHAEL FOUNDATION INC

EIN: 474023741 501(c)(3) Human Services

NORTH LIMA, OH

Total Revenue
$22,101
Total Expenses
$22,074
Total Assets
$408,997
Net Assets
$408,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
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.

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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 $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
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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