MIRACLE SQUARE INC (EIN 562525420) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

RONNIE MCRAE

Phone

8038083966

Tax Period

2023-01-01 to 2023-12-31

MIRACLE SQUARE INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $101K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,507

Program Service Revenue $25,019

Investment Income $491

Other Revenue $0

TOTAL REVENUE $101,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,807

Other Expenses $109,498

TOTAL EXPENSES $109,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,017	$87,293	+0.2%
Expenses	$109,498	$103,192	+0.1%
Net Income	$-8,481	$-15,899	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
RONNIE MCRAE	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARGARET HARRIS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JESSICA GURLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
NAKIA STACKS	TREASURER	0.50	Officer Director	$0	$0	$0
ANNETTE GILCREST	TREASURER	0.50	Officer Director	$0	$0	$0
JAMES MCRAE	BOARD MEMBER	0.50	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	$101,017	$109,498	$856,091	$-8,481
2022	$87,293	$103,192	$853,604	$-15,899
2021	$94,086	$116,576	$872,968	$-22,490
2020	$85,608	$113,319	$890,878	$-27,711
2019	$84,544	$88,513	$930,409	$-3,969
2018	$74,428	$83,618	$922,591	$-9,190

MIRACLE SQUARE INC