The Magic Yarn Project (EIN 810828812) - 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

2016

Phone

9077642782

Tax Period

2025-01-01 to 2025-12-31

The Magic Yarn Project, founded in 2016, is a small nonprofit in the Diseases & Disorders sector that reported $287K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $435K exceeded revenue, resulting in a 52% operating deficit.

Mission

Chemotherapy treatments often leave young scalps too sensitive for traditional wigs. Our yarn wigs are comfy, soft, and warm. Magic yarn wigs are inspired by beloved Disney characters, and invite children back to the world of play and daydreaming. They are beacons of fun, laughter, and play, during scary times.

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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 (2025)

Revenue Breakdown

Contributions & Grants $269,708

Program Service Revenue $0

Investment Income $17,583

Other Revenue $0

TOTAL REVENUE $287,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $435,491

Other Expenses $435,491

TOTAL EXPENSES $435,491

Year-over-Year Comparison

	2025	2024	Change
Revenue	$287,291	$394,774	-0.3%
Expenses	$435,491	$469,931	-0.1%
Net Income	$-148,200	$-75,157	+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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Holly Christensen	Founder/ Board President	Officer Director	$0	$0	$0
Sandy McCleve	Board VP and Treasurer	Officer Director	$0	$0	$0
Megan Kenley	Board Member	Director	$0	$0	$0
Roxie Jorgenson	Board Member	Director	$0	$0	$0
Jamie Metcalf	Board Secretary	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
2025	$287,291	$435,491	$634,372	$-148,200
2024	$394,774	$469,931	$561,505	$-75,157
2023	$219,274	$222,623	$263,826	$-3,349
2022	$187,482	$181,477	$267,175	$6,005
2021	$214,166	$142,163	$261,170	$72,003
2020	$278,076	$235,189	$189,167	$42,887
2019	$281,868	$303,002	$146,280	$-21,134
2018	$320,358	$259,089	$167,414	$61,269

The Magic Yarn Project