WORLD MATE FOUNDATION INC

EIN: 845179046 501(c)(3) Human Services

Towson, MD

Total Revenue
$1,027,419
Total Expenses
$1,026,002
Total Assets
$13,440
Net Assets
$13,440
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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
2020
Legal Domicile
DE
Principal Officer
Kevin OBrien
Phone
5618668833
Tax Period
2023-01-01 to 2023-12-31

WORLD MATE FOUNDATION INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

The mission of the World Mate Foundation is to support charities that effectively operate charity schools and charity hospitals for underserved communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,027,419
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,027,419

Expense Breakdown

Grants Paid $943,250
Salaries & Benefits $81,600
Fundraising Expenses $0
Program Expenses $1,024,850
Other Expenses $1,152
TOTAL EXPENSES $1,026,002

Year-over-Year Comparison

2023 2022 Change
Revenue $1,027,419 $1,069,911 0.0%
Expenses $1,026,002 $1,068,118 0.0%
Net Income $1,417 $1,793 -0.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin OBrien Board Member 2
Director
$0 $0 $0
Midori Miyazaki Board Member 2
Director
$0 $0 $0
Nilesh Patel Board Member 2
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 No data No data No data No data
2023 $1,027,419 $1,026,002 $13,440 $1,417
2022 $1,069,911 $1,068,118 $12,023 $1,793
2021 $928,606 $919,890 $10,230 $8,716
2020 $979,184 $977,670 $1,514 $1,514
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