MAGICAL BRIDGE FOUNDATION

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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

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 THROUGH WORLD-RENOWNED INNOVATIVE DESIGN. FAR EXCEEDING INDUSTRY STANDARDS, WE REMOVE THE PHYSICAL AND SOCIAL BARRIERS IN TODAY'S TRADITIONAL PLAYGROUNDS TO CREATE WELCOMING SPACES FOR ALL AGES, ABILITIES AND SIZES. THROUGH OUR ADVOCACY AND PROGRAMS BOTH ON AND OFF THE PLAYGROUND, WE IGNITE VITAL INTER-GENERATIONAL PLAY AND BUILD MORE INCLUSIVE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,972,478 Revenue: $720,634

IN 2023, WE CONTINUED TO WORK ON THE DESIGN AND DEVELOPMENT OF THREE PLAYGROUND PROJECTS LOCALLY IN MOUNTAIN VIEW, SANTA CLARA, AND AT CESAR CHAVEZ MIDDLE SCHOOL IN EAST PALO ALTO. WE ALSO CONTINUED DESIGN WORK ON TWO PLAYGROUNDS IN SINGAPORE, ONE AT THE NATIONAL MUSEUM, AND ANOTHER AT SUN PLAZA PARK. LASTLY, WE ENTERED INTO A NEW LICENSING AND CONSULTING AGREEMENT WITH THE CITY OF DALY CITY FOR A MAGICAL BRIDGE IN HILLSIDE PARK.IN 2023, WE SUPPORTED THE OPENING OF OUR FIRST INTERNATIONAL PROJECT IN HAMILTON NEW ZEALAND.DEVELOPED NEW OPPORTUNITIES AND PRODUCED COMPREHENSIVE DESIGN GUIDELINES TO SUPPORT FUTURE LICENSING PROJECTS. CONTINUED EFFORTS AT OUTREACH AND EDUCATION TO PROMOTE INCLUSIVE PLAY, ESPECIALLY WITHIN THE SCHOOL CONTEXT. WE DID EXTENSIVE WORK ON REIMAGINING SCHOOL PLAYGROUNDS BY CREATING TEMPLATES FOR SMALL FORMAT AND AFFORDABLE MAGICAL BRIDGE DESIGNS THAT FIT WITHIN STANDARD SCHOOL PLAYGROUND FOOTPRINTS. WE ALSO CREATED COMPANION EDUCATIONAL MATERIAL TO LEVERAGE THE REIMAGINING OF SCHOOL PLAYGROUNDS TO EDUCATE ABOUT UNIVERSAL DESIGN, CIVIC ENGAGEMENT, AND STEM.

Program 2

Expenses: $141,363 Revenue: $0

PROVIDED ONSITE PROGRAMMING FOR OUR CURRENTLY OPEN PLAYGROUNDS INCLUDING A KINDNESS AMBASSADOR PROGRAM, A SUMMER MUSIC CONCERT SERIES, AND A VARIETY OF THOUGHTFULLY DESIGNED PROGRAMMING FOR ALL AGES...

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$399,152

Total Directors

$269,011

Key Employees

Highest Compensated

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