RACING MAGPIE

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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

2019

Legal Domicile

Principal Officer

MOLINA TWO BULLS

Phone

6056463334

Tax Period

2023-01-01 to 2023-12-31

RACING MAGPIE, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $515K in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $175K, a strong 34% operating margin.

Mission

TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $273,317 Revenue: $21,960

TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.

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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 $487,153

Program Service Revenue $21,960

Investment Income $0

Other Revenue $5,699

TOTAL REVENUE $514,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,112

Fundraising Expenses $10,352

Program Expenses $273,317

Other Expenses $139,585

TOTAL EXPENSES $339,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,812	$224,542	+1.3%
Expenses	$339,697	$309,485	+0.1%
Net Income	$175,115	$-84,943	-3.1%

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

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

$103,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLINA TWO BULLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WADE PATTON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LINDA ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER STRONG	DIRECTOR	40.00	Director	$71,657	$0	$71,657
MARY BORDEAUX	CREATIVE DIR	40.00	Director	$31,500	$0	$31,500

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
2023	$514,812	$339,697	$1,057,467	$175,115
2022	$224,542	$309,485	$1,766,143	$-84,943
2021	$316,238	$173,786	$836,507	$142,452