MAG FOUNDATION (EIN 882975129) - 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

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.

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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

$63,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH AUSTIN	President	20.00	Officer Director	$63,448	$0	$63,448
LUCAS KAMIENIECKI	Treasurer	3.00	Officer Director	$540	$0	$540
EDWARD HAASE	Secretary	3.00	Officer 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	No data	No data	No data	No data
2023	$66,969	$206,166	$2,552,530	$-139,197

MAG FOUNDATION