MAGNIFICENT DAY CARE CENTER INC

EIN: 581336476 501(c)(3)

Atlanta, GA

Total Revenue
$1,075,668
Total Expenses
$800,003
Total Assets
$853,095
Net Assets
$826,600
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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
1978
Legal Domicile
GA
Principal Officer
ROBERT S PHILLIPS
Tax Period
2023-01-01 to 2023-12-31

MAGNIFICENT DAY CARE CENTER INC, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 26% operating margin.

Mission

CHILD CARE FOR LOW INCOME-UNDERPRIVILEGED.

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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 $117,454
Program Service Revenue $958,214
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,075,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $447,640
Fundraising Expenses $0
Program Expenses $800,003
Other Expenses $352,363
TOTAL EXPENSES $800,003

Year-over-Year Comparison

2023 2022 Change
Revenue $1,075,668 $763,078 +0.4%
Expenses $800,003 $597,453 +0.3%
Net Income $275,665 $165,625 +0.7%
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
3
Independent Members
3
Employees
33
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
1
$67,000
Total Directors
1
$67,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT S PHILLIPS EXECUTIVE DIRECTOR 60.00
Officer Director
$67,000 $0 $67,000
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 $1,075,668 $800,003 $853,095 $275,665
2022 $763,078 $597,453 $552,508 $165,625
2021 $641,733 $554,161 $389,273 $87,572
2020 $730,197 $570,244 $297,738 $159,953
2019 $533,469 $511,962 $186,084 $21,507
2018 $386,342 $359,518 $161,746 $26,824
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