MAGIC BASKETBALL CLUB INC

EIN: 810595934 501(c)(3) Recreation & Sports

Austin, TX

Total Revenue
$665,007
Total Expenses
$608,153
Total Assets
$400,797
Net Assets
$315,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Phone
5128441091
Tax Period
2024-01-01 to 2024-12-31

MAGIC BASKETBALL CLUB INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $665K in total revenue in fiscal year 2024. Expenses of $608K left a modest 9% surplus.

Mission

Promotes college and career readiness and positive mental and physical health habits for children through participation in the sport of basketball.

Program Service Accomplishments

Program 1
Expenses: $565,946 Revenue: $662,790

In 2024, the Magic Basketball Club continued expanding its footprint, including more kids from the Austin, Texas and surrounding areas to participate and compete.

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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 (2024)

Revenue Breakdown

Contributions & Grants $662,790
Program Service Revenue $0
Investment Income $2,217
Other Revenue $0
TOTAL REVENUE $665,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,185
Fundraising Expenses $0
Program Expenses $565,946
Other Expenses $521,968
TOTAL EXPENSES $608,153

Year-over-Year Comparison

2024 2023 Change
Revenue $665,007 $623,053 +0.1%
Expenses $608,153 $488,174 +0.2%
Net Income $56,854 $134,879 -0.6%
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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Governance

Voting Members
4
Independent Members
4
Employees
4
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
4
$56,970
Total Directors
3
$56,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY BURNETT COO EXEC DIRECTOR 40.00
Officer Director
$28,710 $0 $28,710
TAMIE FELTY CEO PRESIDENT 40.00
Officer Director
$28,260 $0 $28,260
EDDIE MARTINEZ TREASURER 5.00
Officer Director
$0 $0 $0
MONICA MARTINEZ 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
2024 $665,007 $608,153 $400,797 $56,854
2023 $623,053 $488,174 $265,902 $134,879
2022 $509,307 $409,138 $125,030 $100,169
2021 $302,214 $299,924 $23,821 $2,290
2020 $211,214 $204,540 $21,531 $6,674
2019 $249,442 $243,788 $14,857 $5,654
2018 $209,898 $209,463 $9,203 $435
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