MAKESPACE ASSOCIATION 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

Makhdoom Zia

Phone

2027431963

Tax Period

2020-01-01 to 2020-12-31

MAKESPACE ASSOCIATION INC, founded in 2012, is a small nonprofit in the Religion sector that reported $229K in total revenue in fiscal year 2020. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $70K, a strong 31% operating margin.

Mission

MakeSpace aspires to build an inclusive community of compassionate and empowered American Muslims. The mission of MakeSpace is to serve as a welcoming hub that facilitates the spiritual, intellectual and professional growth of youth and young professionals through educational, civic engagement, community service and recreational programs.

Program Service Accomplishments

Program 1

Expenses: $4,849 Revenue: $123,731

Ramadan Program: For 30 days of the Muslim holy month of fasting from dawn to dusk, An average of 300 people were accommodated every night for the entire month to offer congregational prayers...

Ramadan Program: For 30 days of the Muslim holy month of fasting from dawn to dusk, An average of 300 people were accommodated every night for the entire month to offer congregational prayers virtually (not in person due to the pandemic) via Facebook, Youtube and Instagram. In addition, nightly lectures were delivered by prominent speakers on a variety of topics relevant to the spiritual and social realms. Furthermore, MakeSpace collaborated with local non-profits to raise funds and collect needed goods for the less fortunate in the community with a special focus on those affected by the pandemic. In order to facilitate the virtual presentation of our programs, MakeSpace invested in hardware and software required to enable us to serve the community virtually.

Program 2

Expenses: $17,449 Revenue: $8,442

MakeSpace continued its Sunday School to more than 50 students virtually on Sundays. The Sunday School aims to instill the love of learning in the students, believing that with adequate learning...

MakeSpace continued its Sunday School to more than 50 students virtually on Sundays. The Sunday School aims to instill the love of learning in the students, believing that with adequate learning resources, enthusiastic teaching, following the growth mindset, and a positive environment every child can thrive. The mission of Sunday School is to produce balanced, compassionate and inclusive-minded youth who would contribute as valuable members of the society.

Program 3

Expenses: $3,038 Revenue: $4,789

MakeSpace continued offering Friday Prayer sermons virtually to fulfill the spiritual needs of our growing community. The community benefits not just from the inclusive messages of hope, unity...

MakeSpace continued offering Friday Prayer sermons virtually to fulfill the spiritual needs of our growing community. The community benefits not just from the inclusive messages of hope, unity, compassion and service but also connect to each other and learn more about ongoing programs.

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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 (2020)

Revenue Breakdown

Contributions & Grants $210,691

Program Service Revenue $18,297

Investment Income $89

Other Revenue $153

TOTAL REVENUE $229,230

Expense Breakdown

Grants Paid $325

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,336

Other Expenses $158,824

TOTAL EXPENSES $159,149

Year-over-Year Comparison

	2020	2019	Change
Revenue	$229,230	$355,415	-0.4%
Expenses	$159,149	$271,237	-0.4%
Net Income	$70,081	$84,178	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Makhdoom Zia	Executive Director	35	Officer Director	$0	$0	$0
Fatimah Popal	Director - Co-Founder	25	Director	$0	$0	$0
Shamaila Javed	HR Lead	15	Officer	$0	$0	$0
Attiya Farukh	Finance Lead	2	Officer	$0	$0	$0
Maleeha Farukh	Marketing Lead	7	Officer	$0	$0	$0
Tarek Khedr	Programming Lead	1	Officer	$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
2020	$229,230	$159,149	$1,052,573	$70,081
2019	$355,415	$271,237	$966,432	$84,178
2018	$360,424	$186,122	$897,786	$174,302