Miqlat Inc

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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

6199949532

Tax Period

2025-01-01 to 2025-12-31

Miqlat Inc, founded in 1990, is a small nonprofit in the Religion sector that reported $517K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 24% 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.

Program Service Accomplishments

Program 1

Expenses: $356,641

Provided funds to support orphan ministry in Malawi, including the purchases of properties and vehicles that are used primarily to transport supplies to feeding centers.

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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 $517,072

Program Service Revenue $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $517,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,641

Other Expenses $394,167

TOTAL EXPENSES $394,167

Year-over-Year Comparison

	2025	2024	Change
Revenue	$517,103	$368,127	+0.4%
Expenses	$394,167	$357,286	+0.1%
Net Income	$122,936	$10,841	+10.3%

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
Doug Enger	President	1.00	Officer Director	$0	$0	$0
Gayle Kott	Treasurer	20.00	Officer Director	$0	$0	$0
Peggy Collins	Secretary	20.00	Officer Director	$0	$0	$0
Lauri Balbi	Director	1.00	Director	$0	$0	$0
Karina Fielden	Director	1.00	Director	$0	$0	$0
Martha Garcia	Director	1.00	Director	$0	$0	$0
Ron and Chris Rivett	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
2025	$517,103	$394,167	$1,109,094	$122,936
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