MIFOS INITIATIVE (EIN 453613178) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

Edward Cable

Phone

4844778649

Tax Period

2024-01-01 to 2024-12-31

MIFOS INITIATIVE, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

We provide education training and tools to enable charitable organizations and social enterprises to deliver financial services to the poor making financial inclusion more affordable accessible and effective to the 3 billion underbanked and unbanked in the world.

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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 (2024)

Revenue Breakdown

Contributions & Grants $466,487

Program Service Revenue $2,308,295

Investment Income $10,817

Other Revenue $0

TOTAL REVENUE $2,785,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,179

Fundraising Expenses $0

Program Expenses $2,859,980

Other Expenses $2,733,894

TOTAL EXPENSES $2,873,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,785,599	$2,737,018	+0.0%
Expenses	$2,873,073	$2,822,330	+0.0%
Net Income	$-87,474	$-85,312	+0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

175

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

$120,680

Total Directors

$120,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Cable	President CEO	40.00	Officer Director Highest	$120,680	$0	$120,680
Michael Vorburger	Director Secretary	2.00	Officer Director	$0	$0	$0
Allison Baller	Director Treasurer	4.00	Officer Director	$0	$0	$0
Shashi Raghunandan	Director	2.00	Director	$0	$0	$0
Min Tha Gyaw	Director	2.00	Director	$0	$0	$0
Zaheda Bhorat	Director	2.00	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	$2,785,599	$2,873,073	$616,867	$-87,474
2023	$2,737,018	$2,822,330	$706,500	$-85,312
2022	$2,252,051	$1,481,287	$789,916	$770,764
2021	$331,145	$401,136	$26,764	$-69,991
2020	$71,465	$462,794	$108,541	$-391,329

MIFOS INITIATIVE