MAGNIFY MENTORING

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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

KATHRYN MECROW

Phone

5034373819

Tax Period

2023-05-01 to 2024-04-30

MAGNIFY MENTORING, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $362K in total revenue in fiscal year 2023. The organization ran a surplus of $267K, a strong 74% operating margin.

Mission

Magnify Mentoring is organized exclusively for charitable and educational purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding sections of any future federal tax code. Magnify Mentoring supports people from underrepresented groups who seek to pursue high-impact careers in the charitable sector. Our core activities include mentorship and other educational and skills-based development activities, such as, but not limited to, seminar series, training activities, and networking events.

Program Service Accomplishments

Program 1

Expenses: $94,227

Magnify Mentoring recruits and trains mentors with experience in public interest careers and connects them for a 6-month structured program with mentees from from underrepresented groups who are...

Magnify Mentoring recruits and trains mentors with experience in public interest careers and connects them for a 6-month structured program with mentees from from underrepresented groups who are motivated to have a large positive impact with their careers and lives. In the relevant time period from April 2023 to 2024 we provided mentorship for 185 people. When asked on a ten-point after the 6 month program if they would recommend it for others mentees rated it 9.4/10.

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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 $361,566

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $361,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,300

Fundraising Expenses $0

Program Expenses $94,227

Other Expenses $9,976

TOTAL EXPENSES $94,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,566	N/A	N/A
Expenses	$94,276	N/A	N/A
Net Income	$267,290	$0	N/A

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

200

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

$86,107

Key Employees