MAGNIFY SERVICES INC

EIN: 992769178 501(c)(3) Housing & Shelter

LANSING, MI

Total Revenue
$541,605
Total Expenses
$506,936
Total Assets
$181,131
Net Assets
$36,122
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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
2024
Legal Domicile
MI
Principal Officer
ANDY ANIWETA VENN
Phone
5174892729
Tax Period
2025-01-01 to 2025-12-31

MAGNIFY SERVICES INC, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $542K in total revenue in fiscal year 2025. Revenue surged 450% from the prior year, signaling strong growth momentum. Expenses of $507K left a modest 6% surplus.

Mission

TO PROVIDE ACCOMMODATION AND FEEDING TO THE HOMELESS, AGED, AND MENTALLY DISADVANTAGED PERSONS IN THE LANSING AREA OF MICHIGAN

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $541,605
Investment Income $0
Other Revenue $0
TOTAL REVENUE $541,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $291,033
Fundraising Expenses $0
Program Expenses $498,194
Other Expenses $215,903
TOTAL EXPENSES $506,936

Year-over-Year Comparison

2025 2024 Change
Revenue $541,605 $98,466 +4.5%
Expenses $506,936 $97,013 +4.2%
Net Income $34,669 $1,453 +22.9%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
12
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUNICE MUTHONI NJUGUNA DIRECTOR N/A
Director
$0 $0 $0
ABRAHAM ODUNUGA DIRECTOR N/A
Director
$0 $0 $0
ANDY ANIWETA VENN PRESIDENT N/A
Officer
$0 $0 $0
IBILOLA VENN TREASURER N/A
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 $541,605 $506,936 $181,131 $34,669
2024 $98,466 $97,013 $85,953 $1,453
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