WORLD MIND CREATION ACADEMY (EIN 842431330) - 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

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.

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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

WORLD MIND CREATION ACADEMY