MAGIC CITY HARVEST INC (EIN 582060122) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

MARYANN CASH

Phone

2054515833

Tax Period

2023-01-01 to 2023-12-31

MAGIC CITY HARVEST INC, founded in 1995, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $559K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $675K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO ALLEVIATE FOOD INSECURITY, MALNUTRITION, AND FOOD WASTE IN THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,579,432

Program Service Revenue $0

Investment Income $17,010

Other Revenue $0

TOTAL REVENUE $1,596,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,202

Fundraising Expenses $0

Program Expenses $1,417,848

Other Expenses $1,298,317

TOTAL EXPENSES $1,519,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,596,442	$1,181,057	+0.4%
Expenses	$1,519,519	$1,216,933	+0.2%
Net Income	$76,923	$-35,876	-3.1%

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

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

$61,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYANN CASH	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE TURNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LU ANN NEWMAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEN RILEY	DONOR LIAISON	1.00	Director	$0	$0	$0
ANNE BURRUSS	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA JOHNSON	COMMUNITY PARTNER LIAISON	1.00	Director	$0	$0	$0
PATRICK LAMB	VOLUNTEER CHAIRMAN	1.00	Director	$0	$0	$0
SUZANNE WRIGHT	EXECUTIVE DIRECTOR	40.00	Director	$61,885	$0	$61,885
KATIE RENGERS	STAFF OFFICER FOR CHURCH PLANTING	1.00	Director	$0	$0	$0
ALAN SPEAKER	BOARD MEMBER	1.00	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	$1,596,442	$1,519,519	$292,590	$76,923
2022	$1,181,057	$1,216,933	$4,479,499	$-35,876
2021	$932,030	$782,926	$4,449,707	$149,104
2020	$999,126	$981,084	$4,189,969	$18,042
2020	$999,126	$981,084	$4,329,457	$18,042
2019	No data	No data	$4,170,571	No data
2019	$667,825	$690,691	$4,143,484	$-22,866
2018	$698,235	$674,961	$4,310,059	$23,274
2018	$558,747	$674,961	$4,170,571	$-116,214

MAGIC CITY HARVEST INC