SOMALI SUCCESS SCHOOL

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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

2005

Legal Domicile

Principal Officer

AMAL ABDALLA

Phone

6123383153

Tax Period

2024-07-01 to 2025-06-30

SOMALI SUCCESS SCHOOL, founded in 2005, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $258K, a strong 19% operating margin.

Mission

TO EDUCATE, EMPOWER AND ENCOURAGE IMMIGRANTS TO BE SELF-SUFFICIENT, CONTRIBUTING MEMBERS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $762,578 Revenue: $0

SOMALI SUCCESS IS PART OF THE MINNEAPOLIS ADULT EDUCATION CONSORTIUM. IN FISCAL YEAR 2025, SOMALI SUCCESS SCHOOL SERVED 351 UNIQUE INDIVIDUALS AND PROVIDED 138,085 HOURS OF ADULT BASIC EDUCATION...

SOMALI SUCCESS IS PART OF THE MINNEAPOLIS ADULT EDUCATION CONSORTIUM. IN FISCAL YEAR 2025, SOMALI SUCCESS SCHOOL SERVED 351 UNIQUE INDIVIDUALS AND PROVIDED 138,085 HOURS OF ADULT BASIC EDUCATION INSTRUCTION TO LOW-INCOME NEW REFUGEES AND CITIZENS.

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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 $1,378,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,378,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $994,535

Fundraising Expenses $212,724

Program Expenses $762,578

Other Expenses $125,524

TOTAL EXPENSES $1,120,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,378,500	$1,401,313	0.0%
Expenses	$1,120,059	$887,997	+0.3%
Net Income	$258,441	$513,316	-0.5%

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

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

$162,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM KLARFELD	CHAIR	1.00	Officer Director	$0	$0	$0
SALMAH HUSSEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
VACANT	TREASURER	1.00	Officer Director	$0	$0	$0
BASHEER MOHAMED	DIRECTOR	1.00	Director	$0	$0	$0
FATHIA WARSAME	DIRECTOR	1.00	Director	$0	$0	$0
AMAL ABDALLA	CEO/PRESIDENT	40.00	Officer	$162,914	$0	$162,914

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	$1,378,500	$1,120,059	$2,655,342	$258,441
2024	$1,401,313	$887,997	$2,365,709	$513,316
2023	$1,207,782	$735,706	$2,192,758	$472,076
2022	$792,800	$776,256	$1,750,015	$16,544
2021	$1,188,416	$715,782	$1,738,104	$472,634
2020	$757,165	$865,772	$1,402,634	$-108,607
2019	$714,800	$801,265	$1,338,110	$-86,465
2018	$856,717	$773,096	$1,067,438	$83,621