Magne Miller Foundation Inc

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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

Jonathan Chambers

Phone

5153203132

Tax Period

2024-01-01 to 2024-12-31

Magne Miller Foundation Inc, founded in 2022, is a micro nonprofit in the Religion sector that reported $91K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $87K, a strong 96% operating margin.

Mission

Furthering the educational, religious, and charitable ministries to the residents of Corwith, Iowa.

Program Service Accomplishments

Program 1

The organization was recently formed and has only had preliminary funding and contributions of cash and real estate. The organization expects to begin programs and grants in 2025. There have not been expenses directly related to the programs of the organization, only expenses associated with setting up the entity, obtaining non-profit tax recognition, and transfer of donated real estate.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $90,547

TOTAL REVENUE $90,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,295

TOTAL EXPENSES $3,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,547	$402,623	-0.8%
Expenses	$3,295	$2,771	+0.2%
Net Income	$87,252	$399,852	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Chambers	President/Director	001.00	Officer Director	$0	$0	$0
Sharon Gourley	Vice President/Director	001.00	Officer Director	$0	$0	$0
Paula Chambers	Secretary/Director	001.00	Officer Director	$0	$0	$0
Susan Burrs	Treasurer/Director	001.00	Officer Director	$0	$0	$0
Janice Gunther	Director	001.00	Director	$0	$0	$0
Richard Hauswirth	Director	001.00	Director	$0	$0	$0
Barbara Marks	Director	001.00	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	$90,547	$3,295	$488,104	$87,252
2023	$402,623	$2,771	$400,852	$399,852