MACHIK CORP

EIN: 030377568 501(c)(3) Education

Washington, DC

Total Revenue
$302,116
Total Expenses
$287,323
Total Assets
$983,866
Net Assets
$966,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Principal Officer
Losang Rabgey
Phone
2025364858
Tax Period
2023-01-01 to 2023-12-31

MACHIK CORP, founded in 2005, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $287K left a modest 5% surplus.

Mission

MACHIK'S PRIMARY PURPOSE IS TO GROW A GLOBAL COMMUNITY FOR A STRONGER FUTURE FOR TIBET THROUGH CIVIC ENGAGEMENT, GENDER EQUITY, SOCIAL INNOVATION, AND RESEARCH ON GOVERNANCE. THE ORGANIZATION PRIORITIZES COMMUNITY-BASED INITIATIVES AND PUBLIC EDUCATION THAT DRAW ON INNOVATIVE SOLUTIONS. MACHIK ALSO ENGAGES IN RESEARCH THAT SERVES THE PURPOSE OF THE OVERALL MISSION OF THE ORGANIZATION. PROGRAMS INCLUDED IN PERSON AND VIRTUAL FORMATS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $263,495
Program Service Revenue $1,801
Investment Income $36,820
Other Revenue $0
TOTAL REVENUE $302,116

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $142,116
Fundraising Expenses $19,320
Program Expenses $247,917
Other Expenses $85,207
TOTAL EXPENSES $287,323

Year-over-Year Comparison

2023 2022 Change
Revenue $302,116 $178,613 +0.7%
Expenses $287,323 $261,349 +0.1%
Net Income $14,793 $-82,736 -1.2%
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
5
Independent Members
3
Employees
2
Volunteers
10

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
3
$74,397
Total Directors
5
$74,397
Key Employees
1
$74,397
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Losang Rabgey President/ Treasurer 40
Officer Director Key Emp
$67,397 $7,000 $74,397
Tashi Rabgey Vice President/ Secretary 2
Officer Director
$0 $0 $0
Rebecca Martin Chair of Board of Directors 1
Officer Director
$0 $0 $0
Barbara Kelley Director 0.5
Director
$0 $0 $0
Tim Ward Director 0.5
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 $302,116 $287,323 $983,866 $14,793
2022 $178,613 $261,349 $970,032 $-82,736
2021 $220,049 $240,936 $1,050,471 $-20,887
2020 $129,696 $262,297 $1,074,271 $-132,601
2019 $418,315 $315,945 $1,215,898 $102,370
2018 $185,913 $364,293 $1,116,817 $-178,380
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