MAGIC BULLET FUND INC (EIN 822082952) - 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

2018

Legal Domicile

Principal Officer

Laurie Kaplan

Phone

9149410159

Tax Period

2024-01-01 to 2024-12-31

MAGIC BULLET FUND INC, founded in 2018, is a micro nonprofit that reported $34K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 187% operating deficit.

Mission

The fund provides financial assistance to people who have a cat or dog with cancer and cannot afford to pay for cancer treatment

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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 $32,653

Program Service Revenue $0

Investment Income $18

Other Revenue $1,341

TOTAL REVENUE $34,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,763

Program Expenses $74,687

Other Expenses $97,513

TOTAL EXPENSES $97,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,012	$101,862	-0.7%
Expenses	$97,513	$140,279	-0.3%
Net Income	$-63,501	$-38,417	+0.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Bruce Silverman	Medical Director	1	Director	$0	$0	$0
Nicole Jerner	Director	2	Director	$0	$0	$0
Laurie Kaplan	President	4	Officer Director	$0	$0	$0
Susan Neal	Treasurer	1	Officer Director	$0	$0	$0
Dawn Gerard	Secretary	4	Officer 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
2024	$34,012	$97,513	No data	$-63,501
2023	$101,862	$140,279	$84,545	$-38,417
2023	$99,166	$140,143	$68,098	$-40,977
2022	$90,072	$150,646	$123,268	$-60,574
2021	$107,578	$123,513	$177,345	$-15,935

MAGIC BULLET FUND INC