International Mentoring Foundation For The Advancement of Higher Education Inc

EIN: 474157981 501(c)(3) Education

Needham, MA

Total Revenue
$238,687
Total Expenses
$235,979
Total Assets
$287,670
Net Assets
$145,322
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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
2015
Legal Domicile
MA
Principal Officer
Zafira Castano Corsino
Phone
8572212954
Tax Period
2024-11-01 to 2025-10-31

International Mentoring Foundation For The Advancement of Higher Education Inc, founded in 2015, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

The organization's primary exempt purpose is to promote education without boundaries and the creation of networks between European countries and the United States of America.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $228,520
Investment Income $5,167
Other Revenue $0
TOTAL REVENUE $238,687

Expense Breakdown

Grants Paid $59,912
Salaries & Benefits $73,673
Fundraising Expenses $0
Program Expenses $230,138
Other Expenses $102,394
TOTAL EXPENSES $235,979

Year-over-Year Comparison

2024 2023 Change
Revenue $238,687 $256,372 -0.1%
Expenses $235,979 $235,984 0.0%
Net Income $2,708 $20,388 -0.9%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
110

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
2
$93,350
Total Directors
2
$93,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Soriano Carot CEO 40.0
Officer Director
$70,100 $0 $70,100
Zafira Castano Corsino President 12.0
Officer Director
$23,250 $0 $23,250
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
2025 $238,687 $235,979 $287,670 $2,708
2024 $256,372 $235,984 $227,897 $20,388
2023 $142,286 $184,783 $224,725 $-42,497
2022 $345,519 $251,093 $225,286 $94,426
2021 $195,147 $178,383 $204,722 $16,764
2021 $223,485 $178,384 $199,554 $45,101
2020 $183,297 $186,223 $134,681 $-2,926
2019 $109,375 $289,986 $122,863 $-180,611
2018 $340,728 $252,196 $226,286 $88,532
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