THE MUNATHARA INITIATIVE

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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

2013

Legal Domicile

Principal Officer

BELABBES BENKREDDA

Phone

6463016342

Tax Period

2024-01-01 to 2024-12-31

THE MUNATHARA INITIATIVE, founded in 2013, is a community nonprofit in the International Affairs sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 7% surplus.

Mission

THE MUNATHARA INITIATIVE SEEKS TO BUILD AND STRENGTHEN A NEW ARAB PUBLIC SPHERE IN THE MIDDLE EAST AND NORTH AFRICA THROUGH USING ONLINE AND IN-PERSON DEBATES TARGETING YOUTH, WOMEN, AND OTHER MARGINALIZED COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,713,309

WORKING IN TUNISIA AND ACROSS THE ARAB WORLD TO PROMOTE OPEN AND INCLUSIVE DEBATES. DEBATING OUR DESTINY IS NOW THE LARGEST-EVER PROGRAM OF ITS KIND IN NORTH AFRICA AND THE MIDDLE EAST. TELEVISION...

WORKING IN TUNISIA AND ACROSS THE ARAB WORLD TO PROMOTE OPEN AND INCLUSIVE DEBATES. DEBATING OUR DESTINY IS NOW THE LARGEST-EVER PROGRAM OF ITS KIND IN NORTH AFRICA AND THE MIDDLE EAST. TELEVISION SHOWS HAVE REACHED MILLIONS OF VIEWERS ACROSS THE REGION AND ARE PLAYING AN ACTIVE ROLE INFLUENCING POLICY MAKING TOWARDS MORE DEMOCRATIC, INCLUSIVE AND ACCOUNTABLE GOVERNANCE IN THE ARAB REGION. ZAAMA HAS ESTABLISHED ITSELF AS TUNISIA'S MOST POPULAR POLITICAL TALK SHOW, BRINGING TOGETHER YOUNG CITIZENS WITH LEADING POLITICIANS AND EXPERTS. JEEL AL JAY LAUNCHED AS A WEB TV PROGRAM FOR GEN Z, ENJOYING BROAD POPULARITY ACROSS THE REGION.

Program 2

Expenses: $235,580

MUNATHARA FURTHER EXPANDED ITS VIEWERSHIP AND ENGAGE IN NEW PARTNERSHIPS WITH MEDIA ORGANIZATIONS IN THE REGION.

Program 3

Expenses: $192,747

THE ORGANIZATION'S WORK WAS PROFILED IN A MAJOR DOCUMENTARY THAT AIRED IN FRANCE AND GERMANY. IT ALSO STARTED A NEW PROGRAM ON PUBLIC INTEREST MEDIA, SUPPORTING LOCAL RADIO STATIONS IN TUNISIA.

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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 $2,858,682

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,858,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,326,037

Fundraising Expenses $0

Program Expenses $2,141,636

Other Expenses $1,336,298

TOTAL EXPENSES $2,662,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,858,682	$2,627,929	+0.1%
Expenses	$2,662,335	$2,493,455	+0.1%
Net Income	$196,347	$134,474	+0.5%

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

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

$253,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IYAD EL BAGHDADL	DIRECTOR	2.00	Director	$0	$0	$0
JOERG SCHAEFFER	DIRECTOR	2.00	Director	$0	$0	$0
EMMA SKY	TREASURER	2.00	Director	$0	$0	$0
BELABBES BENKREDDA	CEO	52.00	Officer	$231,157	$22,583	$253,740

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	$2,858,682	$2,662,335	$657,723	$196,347
2023	$2,627,929	$2,493,455	$391,770	$134,474
2022	$1,621,581	$2,263,925	$312,093	$-642,344
2021	$2,380,751	$2,297,467	$998,220	$83,284
2020	$2,124,499	$1,458,492	$916,132	$666,007
2019	$587,953	$419,014	$202,396	$168,939
2017	$875,665	$763,970	$128,318	$111,695