HEART FOR ETHIOPIA INC (EIN 205365061) - 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

2006

Legal Domicile

Phone

9722308067

Tax Period

2022-01-01 to 2022-12-31

HEART FOR ETHIOPIA INC, founded in 2006, is a small nonprofit in the International Affairs sector that reported $244K in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $225K left a modest 8% surplus.

Mission

Provide funding to support religious organizations that provide education and training in Ethiopia.

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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 (2022)

Revenue Breakdown

Contributions & Grants $115,084

Program Service Revenue $0

Investment Income $0

Other Revenue $128,630

TOTAL REVENUE $243,714

Expense Breakdown

Grants Paid $151,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,309

Other Expenses $74,009

TOTAL EXPENSES $225,309

Year-over-Year Comparison

	2022	2021	Change
Revenue	$243,714	$203,873	+0.2%
Expenses	$225,309	$215,598	+0.0%
Net Income	$18,405	$-11,725	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent J Cleveland	Treasurer	12.00	Officer	$0	$0	$0
Lauralee Lindholm	Vice-President	40.00	Officer Key Emp	$0	$0	$0
Joe Dan Kendrick	President	20.00	Officer	$0	$0	$0
Brenda Baumert	Secretary	7.00	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
2022	$243,714	$225,309	$47,684	$18,405
2021	$203,873	$215,598	$29,279	$-11,725
2020	$239,334	$213,556	$41,004	$25,778

HEART FOR ETHIOPIA INC