SHARE THE MAGIC FOUNDATION INC (EIN 811221582) - 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

Legal Domicile

Principal Officer

MALCOLM MITCHELL

Phone

6789742668

Tax Period

2024-01-01 to 2024-12-31

SHARE THE MAGIC FOUNDATION INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $406K, a strong 24% operating margin.

Mission

TO PROMOTE THE LONG-TERM BENEFITS OF READING AND BOOK OWNERSHIP AMONG STUDENTS IN TITLE 1 SCHOOLS AND UNDERSERVED COMMUNITIES.

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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 $939,862

Program Service Revenue $706,467

Investment Income $53,502

Other Revenue $903

TOTAL REVENUE $1,700,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,224

Fundraising Expenses $55,418

Program Expenses $1,069,046

Other Expenses $720,015

TOTAL EXPENSES $1,294,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,700,734	$1,618,052	+0.1%
Expenses	$1,294,239	$1,139,723	+0.1%
Net Income	$406,495	$478,329	-0.2%

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

100

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

$287,084

Total Directors

$200,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GELFOND	CHAIR	1.00	Officer Director	$0	$0	$0
WANDA J HAYES PHD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MOHAMED MASSAQUOI	DIRECTOR	1.00	Director	$0	$0	$0
ROY NEILL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PARKER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA RAMIREZ PINCKNEY	DIRECTOR	1.00	Director	$0	$0	$0
CARLA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM MITCHELL	EXECUTIVE DIRECTOR	40.00	Officer Director	$200,417	$0	$200,417
LARRY HANSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
MANDY CULPEPPER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HABER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA ROSSETER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J SAPP	CFO	5.00	Officer	$0	$0	$0
ANNE SAPP	COO	40.00	Officer	$86,667	$0	$86,667

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	$1,700,734	$1,294,239	$2,699,352	$406,495
2023	$1,618,052	$1,139,723	$2,187,623	$478,329
2022	$1,213,550	$722,974	$1,475,901	$490,576
2021	$657,290	$368,780	$964,587	$288,510
2020	$485,439	$320,719	$655,992	$164,720
2019	$462,335	$399,973	$458,638	$62,362
2018	$468,431	$379,343	$395,831	$89,088

SHARE THE MAGIC FOUNDATION INC