M&G Etomi Foundation

EIN: 550871878 501(c)(3) International Affairs

Charlotte, NC

Total Revenue
$137,666
Total Expenses
$137,510
Total Assets
$3,187
Net Assets
N/A
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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
NC
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.

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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 $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

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Governance

Voting Members
2
Independent Members
2
Employees
2
Volunteers
9

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
0
$0
Total Directors
1
$1
Key Employees
0
$0
Highest Compensated
0
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
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