MAGNET EDUCATIONAL CHOICE ASSOCIATION INC (EIN 650290712) - 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

1991

Legal Domicile

Principal Officer

SARAH TUSKEY

Phone

3059951000

Tax Period

2024-07-01 to 2025-06-30

MAGNET EDUCATIONAL CHOICE ASSOCIATION INC, founded in 1991, is a small nonprofit in the Education sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT ACADEMIC ACHIEVEMENT AND CAREER READINESS BY PROVIDING BUSINESS/EDUCATION PARTNERSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $369,326

Program Service Revenue $0

Investment Income $7,300

Other Revenue $0

TOTAL REVENUE $376,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,691

Fundraising Expenses $0

Program Expenses $308,801

Other Expenses $333,709

TOTAL EXPENSES $377,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,626	$494,590	-0.2%
Expenses	$377,400	$454,753	-0.2%
Net Income	$-774	$39,837	-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

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

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

$45,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH STEIN	DIRECTOR	2.00	Director	$0	$0	$0
ELBE BURKE	DIRECTOR	2.00	Director	$0	$0	$0
JESSIANN M SANCHEZ	DIRECTOR	2.00	Director	$0	$0	$0
VALDA MCKINNEY	DIRECTOR	2.00	Director	$0	$0	$0
NATOIA MCGARRELL	DIRECTOR	2.00	Director	$0	$0	$0
BERT SILVESTRE	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE LEGER	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN MUNOZ	DIRECTOR	2.00	Director	$0	$0	$0
BENTON LAUNERTS	CHAIR / PRESIDENT (thru Jan 31, 2025)	2.00	Officer	$0	$0	$0
LUIS SANCHEZ	CHAIR / PRESIDENT (from Feb 1, 2025)	2.00	Officer	$0	$0	$0
DEBRA A SIMMONS	CHIEF EXECUTIVE OFFICER (thru Jan 31, 2025)	8.00	Officer	$27,540	$0	$27,540
ROBERT QUINN	CHIEF EXECUTIVE OFFICER (from Feb 1, 2025)	8.00	Officer	$17,620	$0	$17,620
SARAH TUSKEY	TREASURER	2.00	Officer	$0	$0	$0
DIANA MORALES	SECRETARY	2.00	Officer	$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
2025	$376,626	$377,400	$351,525	$-774
2024	No data	No data	No data	No data
2023	$348,303	$415,185	$294,087	$-66,882
2022	$345,084	$354,182	$368,718	$-9,098
2021	$156,435	$213,007	$359,682	$-56,572
2019	$524,808	$537,141	$358,100	$-12,333
2018	$490,222	$667,328	$359,874	$-177,106

MAGNET EDUCATIONAL CHOICE ASSOCIATION INC