MAGnet HCCN (EIN 874656639) - 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

2022

Legal Domicile

Principal Officer

Dr Rozell Chapman

Phone

6013535423

Tax Period

2024-01-01 to 2024-12-31

MAGnet HCCN, founded in 2022, is a community nonprofit in the Diseases & Disorders sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

Exclusively religious, charitable, scientific, literary or educational purposes, including for such purposes the making of distributions to organizations that qualify as exempt organizations under Section 501 (c) 3 of the Internal Revenue Code of 1986.

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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 $1,871,889

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,871,889

Expense Breakdown

Grants Paid $1,610,000

Salaries & Benefits $104,865

Fundraising Expenses $0

Program Expenses $1,819,909

Other Expenses $157,024

TOTAL EXPENSES $1,871,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,871,889	$2,354,220	-0.2%
Expenses	$1,871,889	$2,354,220	-0.2%
Net Income	$0	$0	N/A

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

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

$90,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Rozell Chapman	President	2.00	Director	$0	$0	$0
Janice Robinson	Vice-President	2.00	Director	$0	$0	$0
Dr Jasmine Chapman	Secretary	2.00	Director	$0	$0	$0
Aurelia Jones-Taylor	Treasurer	2.00	Director	$0	$0	$0
Wilber Jones	Member	2.00	Director	$0	$0	$0
Tiffany Grant	Executive Director	40.00	Key Emp	$90,002	$0	$90,002

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
2025	No data	No data	No data	No data
2024	$1,871,889	$1,871,889	$207,207	No data
2023	$2,354,220	$2,354,220	$574,364	No data
2023	$4,175,030	$2,354,220	$1,528,956	$1,820,810
2022	$725,000	$1,031,593	$202,931	$-306,593

MAGnet HCCN