MAGIK CHILDRENS THEATRE OF SAN ANTONIO DBA THE MAGIK THEATRE (EIN 742707895) - 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

1994

Legal Domicile

Principal Officer

MELISSA ZARB-COUSIN

Phone

2102272751

Tax Period

2023-10-01 to 2024-09-30

MAGIK CHILDRENS THEATRE OF SAN ANTONIO DBA THE MAGIK THEATRE, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

MAGIK THEATRE CREATES THEATRICAL EXPERIENCES THAT IGNITE IMAGINATION, SPARK CURIOSITY, INSPIRE EMPATHY, AND FOSTER A LIFETIME LOVE OF LEARNING IN YOUNG PEOPLE.

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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 $946,399

Program Service Revenue $967,464

Investment Income $8,169

Other Revenue $207,653

TOTAL REVENUE $2,129,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,672,718

Fundraising Expenses $132,101

Program Expenses $1,922,640

Other Expenses $896,164

TOTAL EXPENSES $2,568,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,129,685	$2,344,535	-0.1%
Expenses	$2,568,882	$2,400,040	+0.1%
Net Income	$-439,197	$-55,505	+6.9%

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

$129,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK VILLANI	PAST CEO	40.00	Officer	$83,535	$0	$83,535
MELISSA ZARB-COUSIN	MGMT DIRECTOR	40.00	Officer	$46,030	$0	$46,030
JOHN HEARD	Past President	2.00	Officer Director	$0	$0	$0
PAM BRAMBLE	President	2.00	Officer Director	$0	$0	$0
DOREN FEIN RUTTENBERG	MEMBER	2.00	Director	$0	$0	$0
ALONZO GUZMAN	Treasurer	2.00	Officer Director	$0	$0	$0
ALAN PETLIN	Vice President	2.00	Officer Director	$0	$0	$0
CHUCK CALVIN	MEMBER	2.00	Director	$0	$0	$0
RICHARD FLORES	Secretary	2.00	Officer Director	$0	$0	$0
ADRIAN BRETADO	MEMBER	2.00	Director	$0	$0	$0
MELISSA CHAMRAD	MEMBER	2.00	Director	$0	$0	$0
JANELL GUZMAN	MEMBER	2.00	Director	$0	$0	$0
PATRICK LAABS	MEMBER	2.00	Director	$0	$0	$0
NATALIE SMITH	MEMBER	2.00	Director	$0	$0	$0
KARIN WASYLIW	MEMBER	2.00	Director	$0	$0	$0
MARCIE RAMSEY	MEMBER	2.00	Director	$0	$0	$0
SARA CHADEK	MEMBER	2.00	Director	$0	$0	$0
JASON CASELL	MEMBER	2.00	Director	$0	$0	$0
RANA EMERSON	MEMBER	2.00	Director	$0	$0	$0
MEREDITH ALVAREZ	MEMBER	2.00	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	$2,129,685	$2,568,882	$527,148	$-439,197
2023	$2,344,535	$2,400,040	$820,329	$-55,505
2022	$2,034,389	$2,165,552	$646,619	$-131,163
2021	$1,762,662	$1,383,947	$887,855	$378,715
2020	$1,812,158	$1,868,036	$509,009	$-55,878
2019	$2,510,373	$2,366,384	$493,780	$143,989

MAGIK CHILDRENS THEATRE OF SAN ANTONIO DBA THE MAGIK THEATRE