MAHARISHI INTERNATIONAL UNIVERSITY FOUNDATION INCORPORATED

EIN: 391896290 501(c)(3) Education

FAIRFIELD, IA

Total Revenue
$1,844,890
Total Expenses
$1,849,360
Total Assets
$189,494
Net Assets
$33,575
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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
1997
Legal Domicile
IA
Principal Officer
DR BEVAN MORRIS
Phone
6414721110
Tax Period
2024-07-01 to 2025-06-30

MAHARISHI INTERNATIONAL UNIVERSITY FOUNDATION INCORPORATED, founded in 1997, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

SUPPORT OF EDUCATIONAL AND CHARITABLE PROGRAMS AND ACTIVITIES OF MAHARISHI INTERNATIONAL UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,844,735
Program Service Revenue $0
Investment Income $155
Other Revenue $0
TOTAL REVENUE $1,844,890

Expense Breakdown

Grants Paid $1,809,085
Salaries & Benefits $28,097
Fundraising Expenses $0
Program Expenses $1,849,360
Other Expenses $12,178
TOTAL EXPENSES $1,849,360

Year-over-Year Comparison

2024 2023 Change
Revenue $1,844,890 $3,181,723 -0.4%
Expenses $1,849,360 $3,951,712 -0.5%
Net Income $-4,470 $-769,989 -1.0%
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
7
Independent Members
7
Employees
1
Volunteers
7

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
4
$187,324
Total Directors
7
$231,531
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR GAURAV RIJAL VP OF FINANC 1.00
Officer
$0 $2,600 $118,604
DR KEITH WALLACE TRUSTEE 0.50
Director
$0 $24,700 $91,295
MR TOM BROOKS TRUSTEE 0.50
Director
$0 $24,700 $71,516
DR BEVAN MORRIS PRESIDENT 35.00
Officer Director
$27,500 $7,020 $34,520
MR MICHAEL SPIVAK TREASURER 1.00
Officer Director
$0 $24,700 $34,200
MRS JOSEPHINE B FAEURSO TRUSTEE 0.50
Director
$0 $0 $0
MR NICK ROSANIA SECRETARY 0.50
Officer Director
$0 $0 $0
DR MAUREEN WYNNE TRUSTEE 0.50
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
2025 $1,844,890 $1,849,360 $189,494 $-4,470
2024 $3,181,723 $3,951,712 $205,889 $-769,989
2023 $2,515,868 $2,516,196 $1,130,521 $-328
2022 $1,989,722 $1,987,167 $1,226,319 $2,555
2021 $1,590,716 $942,975 $812,429 $647,741
2020 $2,160,358 $2,201,675 $164,688 $-41,317
2019 $1,288,032 $1,460,348 $206,005 $-172,316
2018 $1,450,199 $1,310,203 $378,321 $139,996
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