THE MARANYUNDO INITIATIVE 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

2007

Legal Domicile

Principal Officer

LISA TELLEKSON

Phone

6175995972

Tax Period

2023-01-01 to 2023-12-31

THE MARANYUNDO INITIATIVE INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MARANYUNDO INITIATIVE'S MISSION IS TO INCREASE ACCESS TO ACADEMIC EXCELLENCE FOR GIRLS FROM ECONOMICALLY VULNERABLE FAMILIES IN RWANDA THROUGH SUPPORT OF THE MARANYUNDO GIRLS SCHOOL AND RELATED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,345,521

THE MARANYUNDO INITIATIVE IS PROUD TO SUPPORT ACCESS TO ACADEMIC EXCELLENCE FOR GIRLS IN RWANDA. THE MARANYUNDO INITIATIVE BUILT THE MARANYUNDO GIRLS SCHOOL, ONE OF RWANDA'S TOP SCHOOLS, FOR GIRLS IN GRADES 7-12, AND PROVIDES FINANCIAL SUPPORT FOR: ONGOING SCHOOL OPERATIONS INCLUDING SCHOLARSHIPS FOR ECONOMICALLY VULNERABLE STUDENTS THAT ENSURE AT LEAST 50% OF MGS STUDENTS RECEIVE FULL SCHOLARSHIP, COMPETITIVE TEACHER SALARIES TO ATTRACT AND RETAIN HIGH QUALITY TEACHERS, AND CAMPUS DEVELOPMENT AND MAINTENANCE, EDUCATIONAL PROGRAMMING TO PROMOTE ACADEMIC EXCELLENCE AND ENSURE MGS CONTINUES TO BE A LEADING SCHOOL, INCLUDING ONGOING FACULTY PROFESSIONAL DEVELOPMENT, STEM RESOURCES AND PROGRAMMING, COLLEGE AND CAREER PROGRAMS, AND TECHNOLOGY AND MATERIALS, AND THE EXTENSION OF SIMILAR SUPPORT AND PROGRAMMING TO OTHER STUDENTS, EDUCATORS AND SCHOOLS IN RWANDA BEYOND THE MGS ON A SELECTED BASIS FOR BROADER IMPACT.

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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 $1,195,280

Program Service Revenue $0

Investment Income $57

Other Revenue $0

TOTAL REVENUE $1,195,337

Expense Breakdown

Grants Paid $1,287,974

Salaries & Benefits $125,555

Fundraising Expenses $60,959

Program Expenses $1,345,521

Other Expenses $80,736

TOTAL EXPENSES $1,494,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,195,337	$1,538,015	-0.2%
Expenses	$1,494,265	$926,611	+0.6%
Net Income	$-298,928	$611,404	-1.5%

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

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

$100,977

Total Directors