MN FOUNDATION INC

EIN: 852623916 501(c)(3) Health Care

EAST SETAUKET, NY

Total Revenue
$255,953
Total Expenses
$10,375
Total Assets
$949,903
Net Assets
$949,903
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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
NY
Principal Officer
MAGDY SHADY
Phone
5164437778
Tax Period
2024-10-01 to 2025-09-30

MN FOUNDATION INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $256K in total revenue in fiscal year 2024. The organization ran a surplus of $246K, a strong 96% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO DONATE MEDICAL EQUIPMENT TO HOSPITALS AND MEDICAL PRACTICES LOCATED IN LOW INCOME AREAS WITHIN THE UNITED STATES AND ABROAD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $230,000
Program Service Revenue $0
Investment Income $25,953
Other Revenue $0
TOTAL REVENUE $255,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,755
Other Expenses $10,375
TOTAL EXPENSES $10,375

Year-over-Year Comparison

2024 2023 Change
Revenue $255,953 $263,585 0.0%
Expenses $10,375 $22,100 -0.5%
Net Income $245,578 $241,485 +0.0%
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AHEMD FAHMY DIRECTOR 0.00
Officer Director
$0 $0 $0
MOHAMED HAKIM DIRECTOR 0.00
Officer Director
$0 $0 $0
MAGDY SHADY DIRECTOR 0.00
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
2025 $255,953 $10,375 $949,903 $245,578
2024 $263,585 $22,100 $715,524 $241,485
2023 $268,936 $9,825 $472,639 $259,111
2022 $200,016 $11,000 $214,729 $189,016
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