1MT CARES

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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

Abby Asekun

Phone

9162049204

Tax Period

2023-01-01 to 2023-12-31

1MT CARES, founded in 2021, is a small nonprofit in the Education sector that reported $371K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $56K, a strong 15% operating margin.

Mission

The organization provides educational opportunities and empowerment for teachers from the most vulnerable and under-resourced communities around the world.

Program Service Accomplishments

Program 1

Expenses: $301,256

The organization provides educational programs to teachers. More specifically, the organization provides educational opportunities and empowerment for teachers or for individuals interested in...

The organization provides educational programs to teachers. More specifically, the organization provides educational opportunities and empowerment for teachers or for individuals interested in becoming teachers from the most vulnerable and under-resourced communities around the world.This is accomplished through teacher professional training and development as well as teacher mentorship programs.

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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 $370,673

Program Service Revenue $0

Investment Income $1

Other Revenue $645

TOTAL REVENUE $371,319

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,256

Other Expenses $312,641

TOTAL EXPENSES $315,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,319	$470,300	-0.2%
Expenses	$315,141	$334,979	-0.1%
Net Income	$56,178	$135,321	-0.6%

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

Employees

N/A

Volunteers

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
Yemi Asekun	President / Treasurer	002.00	Officer Director	$0	$0	$0
Rizma Butt	Secretary	002.00	Officer Director	$0	$0	$0
Ike Oyewole	Director	002.00	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	$371,319	$315,141	$191,499	$56,178
2022	$470,300	$334,979	$135,321	$135,321