MAGICAL BRIDGE FOUNDATION

EIN: 812377796 501(c)(3) Recreation & Sports

PALO ALTO, CA

Total Revenue
$1,207,645
Total Expenses
$2,472,826
Total Assets
$4,598,373
Net Assets
$4,519,429
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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
CA
Principal Officer
OLENKA VILLARREAL
Phone
6505382850
Tax Period
2023-01-01 to 2023-12-31

MAGICAL BRIDGE FOUNDATION, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 105% operating deficit.

Mission

MAGICAL BRIDGE FOUNDATION REDEFINES INCLUSIVE PLAYGROUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $487,011
Program Service Revenue $720,634
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,207,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $689,690
Fundraising Expenses $36,505
Program Expenses $2,113,841
Other Expenses $1,783,136
TOTAL EXPENSES $2,472,826

Year-over-Year Comparison

2023 2022 Change
Revenue $1,207,645 $5,770,246 -0.8%
Expenses $2,472,826 $2,385,545 +0.0%
Net Income $-1,265,181 $3,384,701 -1.4%
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

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Governance

Voting Members
9
Independent Members
8
Employees
7
Volunteers
240

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
6
$399,152
Total Directors
10
$269,011
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN BAIN CHAIR 1.00
Officer Director
$0 $0 $0
MELISSA RICK SECRETARY 1.00
Officer Director
$0 $0 $0
TODD PARMACEK TREASURER 1.00
Officer Director
$0 $0 $0
INTEKHAB NAZEER TREASURER (THRU 6/26/23) 1.00
Officer Director
$0 $0 $0
TED DRAKE DIRECTOR 1.00
Director
$0 $0 $0
LELAND LEVY DIRECTOR 1.00
Director
$0 $0 $0
JOYCE REYNOLDS-SYCLAIR PHD DIRECTOR 1.00
Director
$0 $0 $0
JILL ASHER DIRECTOR 1.00
Director
$0 $0 $0
AMANDA STECKLER DIRECTOR 1.00
Director
$0 $0 $0
OLENKA VILLARREAL CEO 40.00
Officer Director
$245,625 $23,386 $269,011
ELAINE CAPTAIN COO 40.00
Officer
$112,017 $18,124 $130,141
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 No data No data No data No data
2023 $1,207,645 $2,472,826 $4,598,373 $-1,265,181
2022 $5,770,246 $2,385,545 $5,846,644 $3,384,701
2021 $2,483,019 $2,165,594 $2,500,212 $317,425
2020 $1,273,507 $1,626,965 $2,248,172 $-353,458
2019 $2,517,441 $2,627,352 $2,085,848 $-109,911
2018 $3,680,670 $2,114,270 $2,202,980 $1,566,400
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