MOROCCAN AMERICAN ASSOC OF COLUMBUS

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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

2021

Legal Domicile

Principal Officer

TAOUFIK FALSY

Phone

6148064169

Tax Period

2023-01-01 to 2023-12-31

MOROCCAN AMERICAN ASSOC OF COLUMBUS, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $322K in total revenue in fiscal year 2023. Revenue surged 1728% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 67% operating margin.

Mission

The Moroccan American Association of Columbus, Inc. (MAAC) seeks to build and sustain a strong network of Moroccan American families and professionals and help newcomers integrate into the American society.

Program Service Accomplishments

Program 1

Expenses: $330

The Moroccan American Association of Columbus, Inc. (MAAC) seeks to build and sustain a strong network of Moroccan American families and professionals by organizing and promoting programs that...

The Moroccan American Association of Columbus, Inc. (MAAC) seeks to build and sustain a strong network of Moroccan American families and professionals by organizing and promoting programs that enhance social, educational, cultural, recreational, and spiritual values of Morocco. We want to create an atmosphere that preserves the Moroccan identity of its members and their children. MAAC will coordinate community programs to promote the language, music, dance, sports, cuisine, folklore, and the history of Morocco.MAAC will also help newcomers integrate into the American society.

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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 (2023)

Revenue Breakdown

Contributions & Grants $318,486

Program Service Revenue $1,045

Investment Income $0

Other Revenue $2,901

TOTAL REVENUE $322,432

Expense Breakdown

Grants Paid $43,509

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330

Other Expenses $61,615

TOTAL EXPENSES $105,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,432	$17,635	+17.3%
Expenses	$105,124	$24,295	+3.3%
Net Income	$217,308	$-6,660	-33.6%

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

N/A

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAOUFIK FASY	PRESIDENT	6.00	Officer	$0	$0	$0
ABDELKADER DIL	VICE PRESIDENT	14.00	Officer	$0	$0	$0
IKHLAS BELABIB	SECRETARY	5.00	Officer	$0	$0	$0
HICHAM TAMOUCHI	TREASURER	15.00	Officer	$0	$0	$0
MILOUDA OUARITE	TREASURER ASSISTANT	10.00	Officer	$0	$0	$0
SAID KHATTAT	ADVISOR	1.00	Key Emp	$0	$0	$0
AUOATIF LOUKILI	ADVISOR	10.00	Key Emp	$0	$0	$0
ELMAHDI CHAHBOUB	ADVISOR	10.00	Key Emp	$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	$322,432	$105,124	$436,860	$217,308