Magic City Performing Arts (EIN 862243492) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

Laura Long

Phone

2052438590

Tax Period

2024-01-01 to 2024-12-31

Magic City Performing Arts, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $195K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $175K left a modest 10% surplus.

Mission

MCPA lives its mission in five ways - training, mentoring, performing, serving, and building community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,195

Program Service Revenue $179,653

Investment Income $0

Other Revenue $-4,609

TOTAL REVENUE $218,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,716

Other Expenses $218,830

TOTAL EXPENSES $218,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,239	$194,765	+0.1%
Expenses	$218,830	$175,212	+0.2%
Net Income	$-591	$19,553	-1.0%

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

N/A

Employees

N/A

Volunteers

150

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
Andrew Taheri	Director	1.00	Director	$0	$0	$0
Anna Shinbaum	Director	1.00	Director	$0	$0	$0
Bena Lee	Director	1.00	Director	$0	$0	$0
Hardie Kimbrough	Director	1.00	Director	$0	$0	$0
Kristina Theall	Director	1.00	Director	$0	$0	$0
Wesley Winborn	Director	1.00	Director	$0	$0	$0
Krystal Millender	Director	1.00	Director	$0	$0	$0
Jennifer Ludwick	Director	1.00	Director	$0	$0	$0
Laura Long	President	2.00	Officer Director	$0	$0	$0
Allison Lowery	Operations Director	2.00	Officer	$0	$0	$0
Jamie Grimes	Ballet Mistress	2.00	Officer	$0	$0	$0
Stephanie Rangel	Artistic Director	2.00	Officer	$0	$0	$0
Allison West	Boutique Chair	2.00	Officer	$0	$0	$0
Eden Hall	Secretary	2.00	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	$218,239	$218,830	$71,150	$-591
2023	$194,765	$175,212	$77,050	$19,553

Magic City Performing Arts