Charlotte, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Money Magnets Club served a record 417 kids and families this year and hosted 113 programs on 11 program sites with great partners. These sites and partners included schools, afterschool programs...
Money Magnets Club served a record 417 kids and families this year and hosted 113 programs on 11 program sites with great partners. These sites and partners included schools, afterschool programs, summer camps, and other anchor institutions in the Charlotte community such as the library, community centers and the YMCA. Our core programs were strengthened and refined to support a variety of ages via our kidpreneur-in-training, moneyTRAIN, Financial Literacy Facilitator Corps internship, and FinLit Kids/Families programs, as well as the inaugural _preneur conference.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $262,394 | $113,011 | $225,866 | $149,383 |
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