THE MAINSTAY FOUNDATION (EIN 464286586) - 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

2012

Legal Domicile

Principal Officer

MOHAMED ALI BANOON

Phone

3134512148

Tax Period

2023-01-01 to 2023-12-31

THE MAINSTAY FOUNDATION, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO ADVANCE THE MUSLIM COMMUNITIES, ORGANIZATIONS, AND INDIVIDUALS IN THE UNITED STATES OF AMERICA BY DEVELOPING THEIR INTELLECTUAL, SPIRITUAL, SOCIAL, AND FINANCIAL ASPECTS, UTILIZING THE MOST ADVANCED METHODOLOGIES AND TECHNOLOGIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $785,734

Program Service Revenue $246,168

Investment Income $39

Other Revenue $0

TOTAL REVENUE $1,031,941

Expense Breakdown

Grants Paid $228,481

Salaries & Benefits $115,121

Fundraising Expenses $6,627

Program Expenses $833,665

Other Expenses $752,049

TOTAL EXPENSES $1,095,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,031,941	$1,290,829	-0.2%
Expenses	$1,095,651	$1,136,352	0.0%
Net Income	$-63,710	$154,477	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOHAMED ALI BANOON	SECRETARY	2.00	Officer Director	$0	$0	$0
KHODR HAMKA	PRESIDENT	2.00	Officer Director	$0	$0	$0
JALAL MOUGHANIA	TREASURER	2.00	Officer Director	$0	$0	$0
ABATHAR TAJALDEEN	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	No data	No data	No data	No data
2023	$1,031,941	$1,095,651	$329,940	$-63,710
2022	$1,290,829	$1,136,352	$465,421	$154,477
2021	$447,664	$382,264	$217,685	$65,400
2020	$177,433	$225,675	$131,829	$-48,242
2019	$371,769	$401,791	$165,275	$-30,022
2018	$372,822	$373,055	$182,567	$-233

THE MAINSTAY FOUNDATION