Maryland Institute of Development (EIN 474568046) - 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

2016

Legal Domicile

Principal Officer

Zavid Bhaiyat

Tax Period

2025-01-01 to 2025-12-31

Maryland Institute of Development, founded in 2016, is a small nonprofit in the Religion sector that reported $258K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $329K exceeded revenue, resulting in a 27% operating deficit.

Mission

Educational classes provided to local community in wide range of subjects

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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 (2025)

Revenue Breakdown

Contributions & Grants $257,749

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,749

Expense Breakdown

Grants Paid $43,076

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,788

Other Expenses $285,452

TOTAL EXPENSES $328,528

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,749	$238,017	+0.1%
Expenses	$328,528	$282,421	+0.2%
Net Income	$-70,779	$-44,404	+0.6%

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

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
Zavid Bhaiyat	Founder CEO	015.00	Officer	$0	$0	$0
Saad Kabir	Director	005.00	Officer	$0	$0	$0
Masihullah Bhaiyat	Director	010.00	Officer	$0	$0	$0
Bakhtiar Fasihuddin	Director	010.00	Officer	$0	$0	$0
Mohammed Beyad	Director	005.00	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
2025	$257,749	$328,528	$108,510	$-70,779
2024	$238,017	$282,421	$179,289	$-44,404
2023	$274,271	$190,653	$223,693	$83,618

Maryland Institute of Development