MIMCS BUILDING COMPANY

EIN: 821302123 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$1,976,938
Total Expenses
$2,004,715
Total Assets
$22,052,750
Net Assets
$-944,564
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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
2017
Legal Domicile
MN
Principal Officer
FAYSAL ALI
Phone
6128216470
Tax Period
2024-07-01 to 2025-06-30

MIMCS BUILDING COMPANY, founded in 2017, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

TO PURCHASE AND RENT A SCHOOL FACILITY TO TWIN CITIES INTERNATIONAL SCHOOLS (TCIS)

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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 $0
Program Service Revenue $1,976,938
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,976,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,004,715
Other Expenses $2,004,715
TOTAL EXPENSES $2,004,715

Year-over-Year Comparison

2024 2023 Change
Revenue $1,976,938 $1,984,984 0.0%
Expenses $2,004,715 $2,509,752 -0.2%
Net Income $-27,777 $-524,768 -0.9%
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
3
Independent Members
3
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
3
$38,915
Total Directors
3
$38,915
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AHMED AHMED SECRETARY 1.00
Officer Director
$0 $0 $38,915
FAYSAL ALI PRESIDENT 1.00
Officer Director
$0 $0 $0
MANYI TAMBE TREASURER 1.00
Officer 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 $1,976,938 $2,004,715 $22,052,750 $-27,777
2024 $1,984,984 $2,509,752 $23,714,841 $-524,768
2023 $1,837,726 $1,733,007 $23,162,248 $104,719
2022 $1,862,395 $1,891,089 $23,559,256 $-28,694
2021 $1,861,169 $2,022,490 $24,067,875 $-161,321
2020 $1,886,375 $2,069,897 $24,696,892 $-183,522
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