MAGIC CITY ENTERPRISES FOUNDATION (EIN 830315307) - 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

1995

Legal Domicile

Principal Officer

JEFF GARDNER

Phone

3076378869

Tax Period

2022-07-01 to 2023-06-30

MAGIC CITY ENTERPRISES FOUNDATION, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $478K in total revenue in fiscal year 2022. Revenue surged 641% from the prior year, signaling strong growth momentum. The organization ran a surplus of $387K, a strong 81% operating margin.

Mission

TO SOLICIT AND ACCEPT CONTRIBUTIONS IN SUPPORTING MAGIC CITY ENTERPRISES, INC. TO ACCOMPLISH THEIR MISSION TO CREATE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO ACHIEVE INDIVIDUAL SUCCESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $479,805

Program Service Revenue $0

Investment Income $9,430

Other Revenue $-11,317

TOTAL REVENUE $477,918

Expense Breakdown

Grants Paid $72,300

Salaries & Benefits $0

Fundraising Expenses $16,949

Program Expenses $72,300

Other Expenses $18,674

TOTAL EXPENSES $90,974

Year-over-Year Comparison

	2022	2021	Change
Revenue	$477,918	$64,490	+6.4%
Expenses	$90,974	$398,970	-0.8%
Net Income	$386,944	$-334,480	-2.2%

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

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
JEFF GARDNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT GODFREY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DWIGHT HAYES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ORTEGA	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$477,918	$90,974	$1,212,817	$386,944
2022	$64,490	$398,970	$839,567	$-334,480
2021	$131,768	$68,130	$1,155,297	$63,638
2020	$16,685	$202,936	$1,091,659	$-186,251

MAGIC CITY ENTERPRISES FOUNDATION