CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAGNET QALICB INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $743K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 58% operating deficit.
CONDUCTING OR SUPPORTING ACTIVITIES FOR THE PURPOSES OF INCREASING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND EXPENDING FUNDS IN SUPPORT OF SUCH ACTIVITIES, AND DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
PROVIDING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND...
PROVIDING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND EXPENDING FUNDS IN SUPPORT OF SUCH ACTIVITIES, AND DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
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 | $742,596 | $728,038 | +0.0% |
| Expenses | $1,169,765 | $1,044,527 | +0.1% |
| Net Income | $-427,169 | $-316,489 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| ETHAN KARP | PRESIDENT & DIRECTOR | 1.00 |
Officer
Director
|
$0 | $37,193 | $596,360 |
| EDWARD KNEITEL | TREASURER & DIRECTOR (THROUGH 4/7/25) | 1.00 |
Officer
Director
|
$0 | $14,160 | $191,868 |
| LEE CHILCOTE | SECRETARY & DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THEODORE EINHORN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT M SIMON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL JACOBY | TREASURER & DIRECTOR (AS OF 4/7/25) | 1.00 |
Officer
Director
|
$0 | $1,088 | $35,810 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $742,596 | $1,169,765 | $14,476,218 | $-427,169 |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,427,747 | $2,541,453 | $15,424,945 | $-113,706 |
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