SOMALI DEVELOPMENT CENTER INC (EIN 043318202) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Phone

6179387573

Tax Period

2024-11-01 to 2025-10-31

SOMALI DEVELOPMENT CENTER INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $469K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE EXCELLENT AND ACCESSIBLE COMMUNITY SERVICES TO THE SOMALI AND OTHER AFRICAN COMMUNITIES IN BOSTON AND MASSACHUSETTS AT LARGE

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,509

Program Service Revenue $467,951

Investment Income $0

Other Revenue $0

TOTAL REVENUE $469,460

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $398,360

Fundraising Expenses $6,326

Program Expenses $0

Other Expenses $63,452

TOTAL EXPENSES $462,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,460	$497,150	-0.1%
Expenses	$462,812	$501,329	-0.1%
Net Income	$6,648	$-4,179	-2.6%

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

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

Key Employees

$30,062

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIMO IBRAHIM HASHI	PRESIDENT	N/A	Officer Director	$0	$0	$0
ABDI ALI	Director	N/A	Director	$0	$0	$0
AYAANLE FARAH	CLERK	N/A	Director	$0	$0	$0
HARBI YUSUF OSMAN	DIRECTOR	N/A	Director	$0	$0	$0
JAMA ABSHIR	TREASURER	N/A	Officer Director	$0	$0	$0
ABDIRAHMAN A YUSUF	EXECUTIVE DIRECTOR	N/A	Key Emp	$30,062	$0	$30,062

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	$469,460	$462,812	$407,226	$6,648
2024	$497,150	$501,329	$220,719	$-4,179
2023	$328,421	$388,931	$224,303	$-60,510
2022	$472,591	$324,925	$283,888	$147,666
2021	$335,833	$273,005	$136,222	$62,828
2020	$281,590	$175,771	$108,470	$105,819
2019	$119,483	$157,191	$13,155	$-37,708
2018	$134,606	$155,435	$40,824	$-20,829

SOMALI DEVELOPMENT CENTER INC