TAHOE MAGIC INC (EIN 943199111) - 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

1994

Legal Domicile

Principal Officer

KERRY S DAVID

Phone

5305446754

Tax Period

2023-07-01 to 2024-06-30

TAHOE MAGIC INC, founded in 1994, is a micro nonprofit in the Education sector that reported $100K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $87K left a modest 13% surplus.

Mission

TAHOE MAGIC PROVIDES FINANCIAL SUPPORT TO LOCAL NEEDY FAMILIES FOR LIVING EXPENSES SUCH AS FOOD, RENT, CLOTHING, MEDICAL, UTILITY, AND OTHER LIVING COSTS. TAHOE MAGIC ALSO DISTRIBUTES CHRISTMAS GIFTS AND CLOTHING TO NEEDY CHILDREN IN THE SOUTH LAKE TAHOE AREA.

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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 $96,910

Program Service Revenue $0

Investment Income $2,794

Other Revenue $0

TOTAL REVENUE $99,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,637

Other Expenses $86,855

TOTAL EXPENSES $86,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,704	$128,668	-0.2%
Expenses	$86,855	$100,840	-0.1%
Net Income	$12,849	$27,828	-0.5%

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
MELISSA BORNSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY DAVID	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHY HAVEN	DIRECTOR	3.00	Director	$0	$0	$0
JOANN TILLSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MELISSA JAMES	DIRECTOR	1.00	Director	$0	$0	$0
KERRY DAVID	TREASURER	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$99,704	$86,855	$263,820	$12,849
2023	$128,668	$100,840	$250,971	$27,828
2022	$210,126	$159,993	$223,142	$50,133
2021	$235,584	$248,978	$173,010	$-13,394
2020	$260,612	$255,986	$186,404	$4,626

TAHOE MAGIC INC