ZMI FOUNDATION 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

2012

Legal Domicile

Principal Officer

SHARON CHAMBERS

Phone

7182760600

Tax Period

2024-01-01 to 2024-12-31

ZMI FOUNDATION INC, founded in 2012, is a small nonprofit in the Education sector that reported $540K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE A SUPPORTIVE, EMPOWERING, AND EFFECTIVE AFTER SCHOOL CURRICULUM AND SUMMER CAMP PROGRAM

Program Service Accomplishments

Program 1

Expenses: $291,688 Revenue: $393,003

ZMI FOUNDATION AFTER SCHOOL PROGRAM IS GEARED TO SERVE AS EDUCATIONAL SUPPORT FOR CHILDREN AT EVERY LEVEL. THE TAE KWON DO VALUES IMPLEMENTED BY OUR SISTER TAE KWON DO STUDIO, ZEN MASTERS, IS AT THE HEART OF OUR AFTER SCHOOL PROGRAM. WE SEEK TO SERVE LEARNERS OF ALL BACKGROUNDS ENHANCHING THEIR ABILIY TO FOCUS, AFFIRMING THE IMPORTANCE OF THEIR SCHOOLWORK, AND EMBRACING THEIR OWN ROLE IN THE LEARNING PROCESS.

Program 2

Revenue: $116,490

ZMI FOUNDATION SUMMER CAMP IS DESIGNED TO PROVIDE A SAFE AND EDUCATIONAL ENVIRONMENT FOR CHILDREN DURING THE SUMMER MONTHS WHEN THEY ARE MOST VULNERABLE TO MISGUIDED BEHAVIOR DUE TO LIMITED STRUCTURE OF THEIR DAILY ROUTINES. WE HELP ENHANCE STUDENTS OPPORTUNITY FOR SUCCESS IN THE UPCOMING SCHOOL YEAR BY CONTINUING THEIR LEARNING VIA A NUMBER OF CAMP ACTIVITIES.

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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 $24,380

Program Service Revenue $509,493

Investment Income $0

Other Revenue $6,360

TOTAL REVENUE $540,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,588

Fundraising Expenses $0

Program Expenses $291,688

Other Expenses $352,684

TOTAL EXPENSES $575,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,233	$593,440	-0.1%
Expenses	$575,272	$615,244	-0.1%
Net Income	$-35,039	$-21,804	+0.6%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$134,700

Total Directors