Magic City Performing Arts

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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

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 $218K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $89,884 Revenue: $160,299

The Organizations primary purpose is to provide affordable or even no-cost access to our performances. Our goal is to eliminate financial barriers and make dance more diverse, while also creating...

The Organizations primary purpose is to provide affordable or even no-cost access to our performances. Our goal is to eliminate financial barriers and make dance more diverse, while also creating meaningful opportunities for young individuals and fostering positive social change in our community. The Magic City Nutcracker provides a beautiful holiday tradition and is suitable for all ages. Participants range from the age of five and through adulthood and play a variety of parts depending on skill levels. The Organization has also provided free ballet classes for the local boys and girls club that participated in the event.

Program 2

Expenses: $86,010 Revenue: $43,090

Don Quixote expanded our collection of classical ballets that dancers are able to learn, which in turn helps their ballet education. We strive to create performance opportunities for dancers ages...

Don Quixote expanded our collection of classical ballets that dancers are able to learn, which in turn helps their ballet education. We strive to create performance opportunities for dancers ages five through adulthood at all performance levels.

Program 3

Expenses: $6,491 Revenue: $8,840

Summer intensive and workout classes are designed for dancers ages five through adulthood for the purpose of training technique as well as bringing in master teachers to the program, giving local...

Summer intensive and workout classes are designed for dancers ages five through adulthood for the purpose of training technique as well as bringing in master teachers to the program, giving local community students a chance to learn from some of the industrys best instructors.

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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 (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