RISE TOGETHER MINISTRIES

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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

1989

Legal Domicile

Principal Officer

WORKAGEGNEHU GEREMEW

Phone

3145203049

Tax Period

2023-01-01 to 2023-12-31

RISE TOGETHER MINISTRIES, founded in 1989, is a micro nonprofit in the Human Services sector that reported $73K in total revenue in fiscal year 2023. Expenses of $108K exceeded revenue, resulting in a 48% operating deficit.

Mission

ASSIST IN ORGANIZING SCHOOLS, INVESTING IN SCHOOL BOOKS AND SUPPLIES, INTERPETING FOR NEW IMMIGRANTS, FINDING NEW JOBS, AFTER SCHOOL CARE OF IMMIGRANT CHILDREN, REFURNISH FURNITURE AND APPLIANCES FOR FAMILIES, PROVIDE EMERGENCY FOOD FOR FAMILIES

Program Service Accomplishments

Program 1

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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 $73,112

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,112

Expense Breakdown

Grants Paid $31,310

Salaries & Benefits $30,247

Fundraising Expenses $0

Other Expenses $46,709

TOTAL EXPENSES $108,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,112	$73,112	N/A
Expenses	$108,266	$85,855	+0.3%
Net Income	$-35,154	$-12,743	+1.8%

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

N/A

Independent Members

N/A

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

Total Directors

$28,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WORKU GEREMEW	DIRECTOR	20.00	Director	$28,800	$0	$28,800

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	$73,112	$108,266	$1,602	$-35,154
2022	$109,196	$85,855	$36,756	$23,341
2021	$164,119	$173,916	$3,618	$-9,797
2020	$89,354	$126,914	$13,415	$-37,560
2019	$270,038	$238,365	$50,975	$31,673
2018	$164,992	$158,597	$19,302	$6,395