Fundacion Corazones Magicos Inc

EIN: 832244527 501(c)(3) Human Services

La Mirada, CA

Total Revenue
$51,201
Total Expenses
$54,200
Total Assets
$40,051
Net Assets
$40,051
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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
CA
Tax Period
2023-01-01 to 2023-12-31

Fundacion Corazones Magicos Inc, founded in 2018, is a micro nonprofit in the Human Services sector that reported $51K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

We seek to become a hope for children with cancer.

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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 $51,201
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $51,201

Expense Breakdown

Grants Paid $32,336
Salaries & Benefits $0
Fundraising Expenses $18,123
Program Expenses $32,336
Other Expenses $21,864
TOTAL EXPENSES $54,200

Year-over-Year Comparison

2023 2022 Change
Revenue $51,201 $71,989 -0.3%
Expenses $54,200 $66,030 -0.2%
Net Income $-2,999 $5,959 -1.5%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosemary Viveros Treasurer 0.00
Officer
$0 $0 $0
Ysabella Masias Secretary 0.00
Officer
$0 $0 $0
Kathy Viteri President 0.00
Officer
$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 No data No data No data No data
2023 $51,201 $54,200 $40,051 $-2,999
2022 $71,989 $66,030 $38,063 $5,959
2021 $38,977 $24,060 $32,104 $14,917
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