THE IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION

EIN: 342015566 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
N/A
Total Expenses
$659,751
Total Assets
$61,349
Net Assets
$-3,436,562
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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
2004
Legal Domicile
TX
Principal Officer
MAZEN ABOU-SHABAN
Phone
2029863300
Tax Period
2023-10-01 to 2024-09-30

Mission

SEE PART III, LINE 1

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $410,875
Fundraising Expenses $0
Program Expenses $659,751
Other Expenses $248,876
TOTAL EXPENSES $659,751

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses $659,751 $774,191 -0.1%
Net Income N/A $-774,191 N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
3

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
$312,755
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS SALE CHAIRMAN 3.00
Officer Director
$0 $0 $0
DENNIS FLANNERY DIRECTOR 3.00
Director
$0 $0 $0
ABHISHEK BHASIN DIRECTOR, (UNTIL 07/2024) 3.00
Director
$0 $0 $0
JORGE R VILA GENERAL MANAGER, (UNTIL 08/2024) 40.00
Officer
$189,084 $0 $189,084
MAZEN ABOU-SHABAN CFO/GENERAL MANAGER, (FROM 08/2024) 40.00
Officer
$123,671 $0 $123,671
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 $659,751 $61,349 No data
2023 No data $774,191 $1,144,690 No data
2022 $14,450 $820,998 $1,641,568 $-806,548
2021 $90,219 $1,106,359 $2,369,336 $-1,016,140
2020 $193,890 $1,096,495 $3,077,423 $-902,605
2019 $256,657 $1,496,470 $3,770,366 $-1,239,813
2018 $310,713 $1,490,387 $5,037,779 $-1,179,674
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