MABO FOUNDATION

EIN: 851493700 501(c)(3) Education

BELLINGHAM, WA

Total Revenue
$6,365
Total Expenses
$16,593
Total Assets
$2,064,621
Net Assets
$2,064,621
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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
WA
Principal Officer
GRACE BORSARI
Tax Period
2022-01-01 to 2022-12-31

MABO FOUNDATION, founded in 2020, is a micro nonprofit in the Education sector that reported $6K in total revenue in fiscal year 2022. Revenue surged 3067% from the prior year, signaling strong growth momentum. Expenses of $17K exceeded revenue, resulting in a 161% operating deficit.

Mission

EDUCATIONAL SCHOLARSHIPS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,365
Other Revenue $0
TOTAL REVENUE $6,365

Expense Breakdown

Grants Paid $13,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,593
Other Expenses $3,093
TOTAL EXPENSES $16,593

Year-over-Year Comparison

2022 2021 Change
Revenue $6,365 $201 +30.7%
Expenses $16,593 $8,407 +1.0%
Net Income $-10,228 $-8,206 +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
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY MADSEN OFFICER 0.00
Officer
$0 $0 $0
GRACE BORSARI PRESIDENT 0.00
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
2022 $6,365 $16,593 $2,064,621 $-10,228
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