Mamga Nineteen Thirty Eight Legacy (EIN 921964104) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Phone

2516100491

Tax Period

2024-01-01 to 2024-12-31

Mamga Nineteen Thirty Eight Legacy is a small nonprofit in the Public & Societal Benefit sector that reported $373K in total revenue in fiscal year 2024. Revenue surged 508% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 69% operating margin.

Mission

THE MISSION OF MAMGA NINETEEN THIRTY EIGHT LEGACY CORPORATION IS TO PROMOTE AND ENHANCE THE HISTORICAL/CULTURE SIGNIFICANCE OF THE MOBILE MARDI GRAS ASSOCIATION AND IT'S IMPACT ON MARDI GRAS IN MOBILE WHILE SERVING THE COMMUNITY THROUGH PROGRAMS AND EVENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $365,150

Program Service Revenue $7,724

Investment Income $0

Other Revenue $0

TOTAL REVENUE $372,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,436

Other Expenses $115,718

TOTAL EXPENSES $115,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,874	$61,295	+5.1%
Expenses	$115,718	$60,552	+0.9%
Net Income	$257,156	$743	+345.1%

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

N/A

Volunteers

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
Maynard Odom	President	10.00	Officer Director	$0	$0	$0
George McAlman	Vice President	10.00	Officer Director	$0	$0	$0
Benjamin Laffitte	Secretary	5.00	Officer Director	$0	$0	$0
Everage Thomas	Asst Secretary	5.00	Officer Director	$0	$0	$0
Marlon Sanders Sr	Treasurer	5.00	Officer Director	$0	$0	$0
Allen Rivers	Parliamentarian	5.00	Director	$0	$0	$0
William McGlasker	Member	5.00	Director	$0	$0	$0
Aaron Hudson	Member	2.00	Director	$0	$0	$0
Ralph Altice	Member	2.00	Director	$0	$0	$0
Te'Nerah Rice	Member	2.00	Director	$0	$0	$0
Damian Marks Sr	Member	2.00	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	$372,874	$115,718	$257,899	$257,156

Mamga Nineteen Thirty Eight Legacy