Money Magnets Club (EIN 871776021) - Form 990 Financial Analysis & Trantor Score

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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

Phone

9802843870

Tax Period

2024-01-01 to 2024-12-31

Money Magnets Club, founded in 2019, is a small nonprofit in the Youth Development sector that reported $262K in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 57% operating margin.

Mission

To serve as a community that encourages entrepreneurship and financial literacy among elementary school kids and their responsible adults through education, exposure, and resources, to build generational wealth.

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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 $232,855

Program Service Revenue $26,318

Investment Income $5,147

Other Revenue $-1,926

TOTAL REVENUE $262,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,477

Fundraising Expenses $11,276

Program Expenses $56,344

Other Expenses $68,534

TOTAL EXPENSES $113,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,394	$117,915	+1.2%
Expenses	$113,011	$53,528	+1.1%
Net Income	$149,383	$64,387	+1.3%

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

Volunteers

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

$25,667

Total Directors

$25,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexandra Arrington	Executive Dir.	40.00	Officer Director	$25,667	$0	$25,667
Rashaan Peek	Chairman	5.00	Officer Director	$0	$0	$0
Mackenzie Wilkins	Vice President	5.00	Officer Director	$0	$0	$0
Teresa Cain	Secretary	5.00	Officer Director	$0	$0	$0
LaToya Lowery	Treasurer	5.00	Officer Director	$0	$0	$0
Yolanda McCormick	Director	5.00	Director	$0	$0	$0
Jana Sanders	Director	5.00	Director	$0	$0	$0
Ricky Robinson	Director	5.00	Director	$0	$0	$0
Jelani Hill	Director	5.00	Director	$0	$0	$0
Ayesha Murphy	Director	5.00	Director	$0	$0	$0
K Alexander Roper	Director	5.00	Director	$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	$262,394	$113,011	$225,866	$149,383

Money Magnets Club