IMMIGRANT DEVELOPMENT CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

FOWZIA ADDE

Phone

2182848020

Tax Period

2023-07-01 to 2024-06-30

IMMIGRANT DEVELOPMENT CENTER, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $588K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 9% surplus.

Mission

TO BUILD CAPACITY OF BUSINESS AND ECONOMIC SKILLS WITHIN THE IMMIGRANT POPULATION, ULTIMATELY LEADING TO ECONOMIC SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $477,093

IDC'S OBJECTIVE IS TO BUILD STRONG COMMUNITIES THROUGH BUSINESSES THAT WILL CREATE NEW JOB OPPORTUNITIES FOR NEW IMMIGRANTS IN AND AROUND MOORHEAD, MN AND FARGO, ND. THIS IS ACCOMPALISHED PRIMARILY THROUGH PROVIDING GRANTS TO INTERNATIONAL MARKET PLAZA, WHICH SUPPORTS IMMIGRANT-OWNED BUSINESSES. IDC IS ALSO WORKING TO BRING UNITY AND POWER TO A DIVERSIFIED GROUP OF ENTREPRENEURS IN THE FARGO-MOORHEA COMMUNITY. IDC'S ULTIMATE GOAL IS TO ENABLE ITS CONTRIBUTORS AND MEMBERS TO BECOME SELF-SUFFICIENT AND EQUAL MEMBERS OF THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $532,257

Program Service Revenue $55,980

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,237

Expense Breakdown

Grants Paid $95,316

Salaries & Benefits $124,934

Fundraising Expenses $0

Program Expenses $477,093

Other Expenses $317,461

TOTAL EXPENSES $537,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,237	$418,179	+0.4%
Expenses	$537,711	$378,028	+0.4%
Net Income	$50,526	$40,151	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA ASKIE	PRESIDENT	0.50	Director	$0	$0	$0
NALEYE ISMAIL	VICE PRESIDENT	0.50	Director	$0	$0	$0
ROSELINDA	TREASURER	0.50	Director	$0	$0	$0
SADIK ILMI	SECRETARY	0.50	Director	$0	$0	$0
JACOB GALUAK	MEMBER	0.50	Director	$0	$0	$0
RON KOTEK	MEMBER	0.50	Director	$0	$0	$0
ROSALINE SWARRAY	MEMBER	0.50	Director	$0	$0	$0
FATUMA SHARIF	MEMBER	0.50	Director	$0	$0	$0
FOWZIA CADANI	EXECUTIVE DIRECTOR	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$588,237	$537,711	$941,936	$50,526
2023	$418,179	$378,028	$1,139,959	$40,151
2022	$415,607	$452,897	$1,043,002	$-37,290
2021	$324,229	$211,878	$282,356	$112,351
2020	$329,287	$160,979	$181,755	$168,308
2019	$105,525	$145,981	$73	$-40,456