MARIKA FOUNDATION INCORPORATED A NOT-FOR-PROFIT CORPORATION (EIN 813302498) - 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

2016

Legal Domicile

Principal Officer

DESTA MARIKA

Phone

6177975227

Tax Period

2022-01-01 to 2022-12-31

MARIKA FOUNDATION INCORPORATED A NOT-FOR-PROFIT CORPORATION, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $46K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO SUPPORT GRASSROOTS PROJECTS THAT EMPOWER PEOPLE THROUGH ART, HEALTHCARE, EDUCATION, AND ENVIRONMENTAL ACTION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $46,320

Other Revenue $0

TOTAL REVENUE $46,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $630

Fundraising Expenses $0

Program Expenses $630

Other Expenses $64,697

TOTAL EXPENSES $65,327

Year-over-Year Comparison

	2022	2021	Change
Revenue	$46,320	$150,301	-0.7%
Expenses	$65,327	$100,201	-0.3%
Net Income	$-19,007	$50,100	-1.4%

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

$630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM FAHEY	BOARD MEMBER	15.00	Director	$630	$0	$630
DESTA JEANNE MARIKA	PRES.,CLERK & BOARD MEMBER	5.00	Officer Director	$0	$0	$0
ERIK MARIKA-RICH	TREASURER & BOARD MEMBER	2.00	Officer Director	$0	$0	$0
ANURADHA DESAI	BOARD MEMBER	2.00	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
2022	$46,320	$65,327	$1,551,517	$-19,007
2021	$150,301	$100,201	$1,994,868	$50,100
2020	$58,918	$128,752	$1,539,594	$-69,834
2019	$11,032	$82,021	$1,484,922	$-70,989
2018	$39,275	$26,249	$1,192,188	$13,026

MARIKA FOUNDATION INCORPORATED A NOT-FOR-PROFIT CORPORATION