MAGIC CITY JAYHAWKS INC

EIN: 854204312 501(c)(3) Recreation & Sports

BIRMINGHAM, AL

Total Revenue
$116,550
Total Expenses
$92,455
Total Assets
$44,494
Net Assets
$44,494
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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
2021
Legal Domicile
AL
Principal Officer
OWEN FERGUSON
Phone
2054278144
Tax Period
2022-01-01 to 2022-12-31

MAGIC CITY JAYHAWKS INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $117K in total revenue in fiscal year 2022. Revenue surged 309% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 21% operating margin.

Mission

THE MAGIC CITY JAYHAWKS IS AN AAU BASKETBALL ORGANIZATION IN BIRMINGHAM, AL WITH TEAMS IN 3RD THROUGH 11TH GRADE. OUR MAIN FOCUS IS CREATING AN EXPERIENCE FOR ATHLETES WHERE THEY CAN DEVELOP AS ATHLETES AND INDIVIDUALS, AND HAVE A POSITIVE IMPACT ON THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $116,550
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $116,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,000
Fundraising Expenses $0
Program Expenses $92,455
Other Expenses $66,455
TOTAL EXPENSES $92,455

Year-over-Year Comparison

2022 2021 Change
Revenue $116,550 $28,500 +3.1%
Expenses $92,455 $8,101 +10.4%
Net Income $24,095 $20,399 +0.2%
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

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Governance

Voting Members
1
Independent Members
1
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
1
$26,000
Total Directors
1
$26,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OWEN FERGUSON PRESIDENT 40.00
Officer Director
$26,000 $0 $26,000
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
2022 $116,550 $92,455 $44,494 $24,095
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