MALAWI TALENT FUND INC

EIN: 464469650 501(c)(3) International Affairs

HILLIARD, OH

Total Revenue
$307,961
Total Expenses
$467,312
Total Assets
$390,526
Net Assets
$390,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OH
Principal Officer
CHRIS WEAVER
Phone
6147775007
Tax Period
2023-01-01 to 2023-12-31

MALAWI TALENT FUND INC, founded in 2013, is a small nonprofit in the International Affairs sector that reported $308K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $467K exceeded revenue, resulting in a 52% operating deficit.

Mission

THE ORGANIZATION WILL PRIMARILY CONDUCT FUND RAISING IN THE US IN ORDER TO SUPPORT THE MISSION IN MALAWI, AFRICA. IN MALAWI, THE ORGANIZATION WILL FOCUS ON THE PROVIDING TRAINING, GUIDANCE AND ENCOURAGEMENT FOR LOCAL INDIVIDUALS WHO ARE INTERESTED IN STARTING SMALL BUSINESSES WITH THE ABILITY TO GROW AND EMPLOYEE OTHERS. THE BROAD GOAL IS TO HELP SOLVE THE COUNTRY'S HUGE PROBLEM OF UNEMPLOYMENT AND REDUCE ITS DEPENDENCE ON FOREIGN AID BY ENCOURAGING ENTREPRENEURSHIP. MALAWI TALENT FUND WILL HAVE NO OWNERSHIP OR ECONOMIC BENEFIT FROM THE ACTIVITIES. IT WILL JUST BE THERE TO HELP OTHERS SUCCEED. MTF MAY PROVIDE MICRO-LOANS TO SMALL BUSINESS TO HELP THEM GET STARTED, BUT LOANS ARE EXPECTED TO BE REPAID WITH INTEREST UNDER WRITTEN TERMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $308,326
Program Service Revenue $0
Investment Income $4,488
Other Revenue $-4,853
TOTAL REVENUE $307,961

Expense Breakdown

Grants Paid $387,813
Salaries & Benefits $26,745
Fundraising Expenses $2,482
Program Expenses $451,487
Other Expenses $52,754
TOTAL EXPENSES $467,312

Year-over-Year Comparison

2023 2022 Change
Revenue $307,961 $262,149 +0.2%
Expenses $467,312 $200,844 +1.3%
Net Income $-159,351 $61,305 -3.6%
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

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Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
10

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
4
$14,000
Total Directors
8
$14,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS WEAVER CHAIRMAN 40.00
Officer Director
$14,000 $0 $14,000
GREG KIELICH DIRECTOR N/A
Director
$0 $0 $0
DAVID KIRKEY TREASURER N/A
Officer Director
$0 $0 $0
JOSEPH MATTERA DIRECTOR N/A
Director
$0 $0 $0
ROBERT MULVANEY PRESIDENT N/A
Officer Director
$0 $0 $0
DANIEL PERKEY DIRECTOR N/A
Director
$0 $0 $0
JULIE TUNNELL SECRETARY N/A
Officer Director
$0 $0 $0
STEVE ULREY DIRECTOR N/A
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 $307,961 $467,312 $390,526 $-159,351
2022 $262,149 $200,844 $527,232 $61,305
2021 $368,888 $145,870 $482,645 $223,018
2020 $263,713 $204,432 $255,248 $59,281
2019 $208,159 $171,800 $195,711 $36,359
2018 $211,804 $169,182 $158,319 $42,622
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