MOJALOOP FOUNDATION INC

EIN: 850922903 501(c)(3) International Affairs

WAKEFIELD, MA

Total Revenue
$5,419,121
Total Expenses
$3,298,876
Total Assets
$4,731,812
Net Assets
$4,195,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
PAULA HUNTER
Phone
7812460500
Tax Period
2023-01-01 to 2023-12-31

MOJALOOP FOUNDATION INC, founded in 2020, is a community nonprofit in the International Affairs sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 39% operating margin.

Mission

OUR MISSION IS TO INCREASE FINANCIAL INCLUSION BY EMPOWERING ORGANIZATIONS CREATING INTEROPERABLE PAYMENTS SYSTEMS TO ENABLE DIGITAL FINANCIAL SERVICES FOR ALL.

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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 $4,713,288
Program Service Revenue $705,833
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,419,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $123,342
Program Expenses $2,640,062
Other Expenses $3,298,876
TOTAL EXPENSES $3,298,876

Year-over-Year Comparison

2023 2022 Change
Revenue $5,419,121 $3,052,293 +0.8%
Expenses $3,298,876 $2,558,965 +0.3%
Net Income $2,120,245 $493,328 +3.3%
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
5
Independent Members
5
Employees
N/A
Volunteers
50

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KONSTANTIN PERIC CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT RON TREASURER 1.00
Officer Director
$0 $0 $0
ADAMA DIALLO DIRECTOR 1.00
Director
$0 $0 $0
KEN WEBER DIRECTOR 1.00
Director
$0 $0 $0
MILLER ABEL DIRECTOR 1.00
Director
$0 $0 $0
MATSELISO THABANE DIRECTOR (THRU 05/2023) 1.00
Director
$0 $0 $0
KEVIN O'NEIL DIRECTOR (THRU 09/2023) 1.00
Director
$0 $0 $0
PAULA HUNTER EXECUTIVE DIRECTOR & SECRE 40.00
Officer
$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 $5,419,121 $3,298,876 $4,731,812 $2,120,245
2022 $3,052,293 $2,558,965 $2,514,232 $493,328
2021 $3,582,633 $2,772,595 $2,277,277 $810,038
2020 $1,605,721 $833,444 $1,445,902 $772,277
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