WORLD MIND CREATION ACADEMY

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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

MARES ASFAHA

Phone

2066596432

Tax Period

2024-01-01 to 2024-12-31

WORLD MIND CREATION ACADEMY, founded in 2016, is a small nonprofit that reported $798K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $358K, a strong 45% operating margin.

Mission

OUR MISSION IS TO PROVIDE HOLISTIC SUPPORT TO YOUTH AND FAMILIES FROM MARGINALIZED COMMUNITIES THROUGH CULTURALLY RESPONSIVE PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $214,820

Leadership & Business Development Program- In 2024, the Leadership & Business Development (LAB) Program didnt just meet its set goals but substantially exceeded them. Initially aiming to engage 40...

Leadership & Business Development Program- In 2024, the Leadership & Business Development (LAB) Program didnt just meet its set goals but substantially exceeded them. Initially aiming to engage 40 BIPOC girls from refugee and immigrant backgrounds, the program served 50 participants, reaching an exciting 125% of our intended capacity. Continued on Schedule O...

Program 2

Expenses: $149,282

Young Community Builders (YCB) 2024 marked seven successful years our after school and summer program serving low-income BIPOC refugee and immigrant youth in the South Seattle neighborhood of Rainier Vista. YCB serves youth ages 6-14 years old and provides them with a safe neighborhood space to build community with staff and peers who look like them, speak their languages and can relate to their unique lived experiences as refugees and immigrants/ the children of refugees and immigrants. Continued on Schedule O...

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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 (2024)

Revenue Breakdown

Contributions & Grants $797,858

Program Service Revenue $0

Investment Income $315

Other Revenue $1

TOTAL REVENUE $798,174

Expense Breakdown

Grants Paid $19,900

Salaries & Benefits $318,608

Fundraising Expenses $0

Program Expenses $364,102

Other Expenses $101,448

TOTAL EXPENSES $439,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$798,174	$483,245	+0.7%
Expenses	$439,956	$439,574	+0.0%
Net Income	$358,218	$43,671	+7.2%

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

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

$111,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YASMIN HABIB	EXECUTIVE DIRECTOR	40.00	Officer	$111,600	$0	$111,600
MARES ASFAHA	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETTINA DUNCAN	TREASURER	2.00	Officer Director	$0	$0	$0
MAKDA SEYOUM	SECRETARY	2.00	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
2024	$798,174	$439,956	$596,298	$358,218
2023	$483,245	$439,574	$207,289	$43,671
2022	$399,983	$331,961	$162,446	$68,022