Miqlat Inc (EIN 810599806) - 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

1990

Legal Domicile

Principal Officer

Kristen Gillespie

Phone

6199771603

Tax Period

2023-01-01 to 2023-12-31

Miqlat Inc, founded in 1990, is a small nonprofit in the Religion sector that reported $373K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $93K, a strong 25% operating margin.

Mission

To generate publicity and provide financial support for Miqlat Ministries. Miqlat Ministries is a Christian community in the rural villages of Southern Malawi that helps orphaned children living in 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $373,355

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $373,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,700

Fundraising Expenses $0

Program Expenses $256,428

Other Expenses $211,114

TOTAL EXPENSES $280,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,363	$509,480	-0.3%
Expenses	$280,814	$337,757	-0.2%
Net Income	$92,549	$171,723	-0.5%

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

N/A

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

$69,700

Total Directors

$69,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristen Gillespie	President	1.00	Officer Director	$0	$0	$0
Dale Gillespie	Treasurer	20.00	Officer Director	$69,700	$0	$69,700
Sally Fox	Chair	20.00	Officer Director	$0	$0	$0
Sally Northman	Director	1.00	Director	$0	$0	$0
Doug Enger	Director	1.00	Director	$0	$0	$0
Ron Rivett	Director	1.00	Director	$0	$0	$0
Victor Jere	Director	1.00	Director	$0	$0	$0
Flora Gondwe	Director	1.00	Director	$0	$0	$0
Peggy Collins	Director	1.00	Director	$0	$0	$0
Gayle Kott	Director	1.00	Director	$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	$373,363	$280,814	$975,317	$92,549
2022	$509,480	$337,757	$883,577	$171,723
2021	$419,099	$339,641	$717,931	$79,458
2020	$406,283	$333,167	$640,892	$73,116
2019	$552,387	$484,057	$563,276	$68,330
2018	$549,785	$430,819	$499,462	$118,966

Miqlat Inc