M&G Etomi Foundation

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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

2004

Legal Domicile

Principal Officer

Michael Etomi

Phone

7045741176

Tax Period

2024-01-01 to 2024-12-31

M&G Etomi Foundation, founded in 2004, is a small nonprofit in the International Affairs sector that reported $138K in total revenue in fiscal year 2024.

Mission

To develop and implement programs and activities to assist lower income individuals living in distressed conditions and breaking the cycle of poverty.

Program Service Accomplishments

Program 1

Expenses: $137,510 Revenue: $137,666

1. Computer Training Program: 6 hours per day, 3 days per week 3 months program for each section. Persons benefited: 50 people 2. Catering Training :For job preparation, 120 people benefited. 3...

1. Computer Training Program: 6 hours per day, 3 days per week 3 months program for each section. Persons benefited: 50 people 2. Catering Training :For job preparation, 120 people benefited. 3. Supporting Sports activities to young children in economically distress area more than 500 children have been benefited.

Program 2

Expenses: $0 Revenue: $0

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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 $137,666

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $137,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,855

Fundraising Expenses $0

Program Expenses $137,510

Other Expenses $123,655

TOTAL EXPENSES $137,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,666	$138,000	0.0%
Expenses	$137,510	$109,541	+0.3%
Net Income	$156	$28,459	-1.0%

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
Michael Etomi	President	1.00	Director	$1	$0	$1

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	$137,666	$137,510	$3,187	$156
2023	$138,000	$109,541	$5,694	$28,459
2022	$110,225	$111,019	$9,259	$-794
2021	$119,236	$122,396	$16,159	$-3,160
2020	$125,226	$159,158	$25,100	$-33,932
2019	$122,831	$126,733	$28,488	$-3,902