MONGOLIAN ASIA REACHINC

EIN: 562274266 501(c)(3) Human Services

Pisgah Forest, NC

Total Revenue
$306,547
Total Expenses
$214,693
Total Assets
$389,424
Net Assets
$387,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NC
Principal Officer
Theresa R Browning
Tax Period
2023-01-01 to 2023-12-31

MONGOLIAN ASIA REACHINC, founded in 2001, is a small nonprofit in the Human Services sector that reported $307K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 30% operating margin.

Mission

Our work is done in Ulaanbaatar, Mongolia. We offer practical help and hope to vulneralbe children in the forms of medical treatment, housing, and education. Our focus is orphaned and abandoned children, children with special needs, and those in impoverished, desperate situations

Program Service Accomplishments

Program 1
Expenses: $106,000

1.The Childrens Place is the first of three primary programs we maintain in Mongolia. Our Childrens Place is a home of healing for orphaned and abandoned children. We have 18 children we currently...

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1.The Childrens Place is the first of three primary programs we maintain in Mongolia. Our Childrens Place is a home of healing for orphaned and abandoned children. We have 18 children we currently provide care for in a family atmosphere. They are at risk because of their disrupted or lossed family relationships. We have provided on-going care for children since 2003. We do facilitate family restoration and adoption whenever possible

Program 2
Expenses: $60,000

(2)Reaching the Light Developmental Center - A second program is the Reaching the Light Developmental Center which has taken up the cause of children who have special needs and disabilities. We serve...

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(2)Reaching the Light Developmental Center - A second program is the Reaching the Light Developmental Center which has taken up the cause of children who have special needs and disabilities. We serve all children with these needs but our target area are families living in remote rural areas in the Mongolian countryside. We train parents, hold educational seminars for healthcare workers, hold screening clinics, and work directly with children providing education and therapy services. Throughout the year we have about 300 to 350 children and health care professionals that we interact with and provide service

Program 3
Expenses: $22,415

(3)Happy Days and Bright FutureFinally, we have two mini-programs that serve vulnerable children in after-school settings. Happy Days and Bright Future work with vulnerable children from difficult...

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(3)Happy Days and Bright FutureFinally, we have two mini-programs that serve vulnerable children in after-school settings. Happy Days and Bright Future work with vulnerable children from difficult family settings and who experience academic challenge and/or failure. Our hope is to see these children through, one-on-one tutoring, improve academically and to find our programs a safe, loving environment which they often lack. We desire to work directly with their parents to educate them and to encourage them regarding the needs of their children. In total, we serve about 35-40 children and their parents monthly.

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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 $306,547
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $306,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,625
Fundraising Expenses $0
Program Expenses $188,415
Other Expenses $88,068
TOTAL EXPENSES $214,693

Year-over-Year Comparison

2023 2022 Change
Revenue $306,547 $234,920 +0.3%
Expenses $214,693 $212,103 +0.0%
Net Income $91,854 $22,817 +3.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
25

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
3
$0
Total Directors
6
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Bill Logan Jr Board member 1.50
Director
$0 $0 $0
Dr Nancy Jones Board member 1.50
Director
$0 $0 $0
Randle Weeks Board member 1.50
Director
$0 $0 $0
Elise Sampson Secretary 1.50
Officer Director
$0 $0 $0
Theresa R Browning President 50.00
Officer Director
$0 $0 $0
Margaret Stone Vice President 50.00
Officer Director
$0 $0 $0
Emily Stome Administrator 10.00
Key Emp
$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 $306,547 $214,693 $389,424 $91,854
2022 $234,920 $212,103 $293,052 $22,817
2020 $214,499 $195,952 $268,666 $18,547
2019 $203,219 $206,151 $250,305 $-2,932
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