MAG FOUNDATION

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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

JOSEPH AUSTIN

Phone

8583424280

Tax Period

2023-01-01 to 2023-12-31

MAG FOUNDATION, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $67K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $206K exceeded revenue, resulting in a 208% operating deficit.

Mission

MAG Foundation mission is to ensure that art and science education along with web an application hosting services are accessible and well-supported in K-12 classrooms nationwide by providing essential supplies and resources to teachers, enabling creative and educational projects that enrich student learning experiences.

Program Service Accomplishments

Program 1

Expenses: $148,392

MAG Foundation mission is to ensure that art and science education along with web an application hosting services are accessible and well-supported in K-12 classrooms nationwide by providing...

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,507

Program Service Revenue $0

Investment Income $166

Other Revenue $-9,704

TOTAL REVENUE $66,969

Expense Breakdown

Grants Paid $14,159

Salaries & Benefits $108,746

Fundraising Expenses $105

Program Expenses $148,392

Other Expenses $83,261

TOTAL EXPENSES $206,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,969	$2,452,056	-1.0%
Expenses	$206,166	$110,329	+0.9%
Net Income	$-139,197	$2,341,727	-1.1%

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

$63,988

Total Directors