International Microfinance Organization Network-imon
Nonprofit profile at a glance
- EIN
- 811980738
- IRS 990 coverage
- 2018–2020
- Forms available
- Form 990 2020
- Location
- Washington, DC, USA
- Phone
- 2026405424
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $194,600
- Expenses
- $156,294
- Assets
- $316,353
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Joseph A Hayat (Board Member, CEO)
Highest reported compensation
- Joseph A Hayat (Board Member, CEO): $34,000 total reported compensation
- Hafiza Nadi Antoniades (Treasure): $16,711 total reported compensation
- Roya Yosefi (Secretary): $16,254 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
I.M.O.N's mission is to end global poverty by creating access to finance through Capacity building to individuals and small businesses in US and across the world. More specifically, IMON will conduct microfinance education to allow program participants to start or improve a small business. By doing so, the organization will work to restore individuals in the United States and Mexico to self-sufficiency and an improved quality of life.
What it reported doing in 2020
I.M.O.N provided Charitable lending and educational services to several businesses and individuals. By doing so, IMON is able to restore individuals to self-sufficiency and an improved quality of life. Offered several micro-credit workshops to low income groups and small business owners in San Diego and DC areas. Loan amount ranges from $100 to $1500 subject to credit approval.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 88
- Accountability: 78
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.6%; rating input score 13
- Program expense ratio: 15.7%; rating input score 16
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 17th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.02; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 63%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 20.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 12.6% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 12.6% of revenue deployed · 15.7% of spending went to programs
- Governance: 5 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $24K in reported program spending
- Leadership: top reported pay $34K · 7 people listed
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 3 filing years from 2018 to 2020
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.