MAGIC CITY BAR ASSOCIATION INC

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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

2016

Legal Domicile

Principal Officer

JANINE L SMITH

Phone

2055152242

Tax Period

2023-01-01 to 2023-12-31

MAGIC CITY BAR ASSOCIATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $137K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 47% operating margin.

Mission

PROMOTE THE PROFESSIONAL ADVANCEMENT OF AFRICAN-AMERICAN ATTORNEYS, TO FOSTER IMPROVEMENT OF THE ECONOMIC CONDITION, TO PROTECT THE CIVIL AND POLITICAL RIGHTS OF ALL CITIZENS, AND TO UPHOLD THE HONOR AND INTEGRITY OF THE LEGAL PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $46,650

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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 $135,496

Program Service Revenue $0

Investment Income $1,764

Other Revenue $0

TOTAL REVENUE $137,260

Expense Breakdown

Grants Paid $22,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,650

Other Expenses $50,321

TOTAL EXPENSES $72,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,260	$108,619	+0.3%
Expenses	$72,821	$59,199	+0.2%
Net Income	$64,439	$49,420	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANINE L SMITH	PRESIDENT	1.00	Officer	$0	$0	$0
JOHNATHAN AUSTIN	PRESIDENT-ELECT	1.00	Officer	$0	$0	$0
CLINTON RICHARDSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KATRINA BROWN-GRAHAM	PARLIAMENTARIAN	1.00	Officer	$0	$0	$0
DENZEL OKINEDO	CORRESPONDING SECRETARY	1.00	Officer	$0	$0	$0
SIDNI SMITH	TREASURER	1.00	Officer	$0	$0	$0
BJ SAVAGE	RECORDING SECRETARY	1.00	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	$137,260	$72,821	$335,252	$64,439
2022	$108,619	$59,199	$253,033	$49,420
2021	$100,600	$43,302	$200,383	$57,298