Karin Foundation

🔒

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

2009

Legal Domicile

Phone

7038631405

Tax Period

2024-01-01 to 2024-12-31

Karin Foundation, founded in 2009, is a small nonprofit in the International Affairs sector that reported $111K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $107K left a modest 3% surplus.

Mission

To raise funds to maintain a school located in Somalia.

Program Service Accomplishments

Program 1

Expenses: $90,291 Revenue: $110,618

The funds were used to maintain a junior/senior high school in Somalia.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $110,618

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,618

Expense Breakdown

Grants Paid $90,291

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,291

Other Expenses $16,456

TOTAL EXPENSES $106,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,618	$87,043	+0.3%
Expenses	$106,747	$91,110	+0.2%
Net Income	$3,871	$-4,067	-2.0%

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
Abdirashid S Ali	Director	0.00	Director	$0	$0	$0
Abdi H Farah	Officer	0.00	Officer Director	$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
2024	$110,618	$106,747	$11,396	$3,871
2023	$87,043	$91,110	$7,361	$-4,067
2022	$242,771	$252,202	$11,427	$-9,431
2021	$632,530	$594,190	$37,917	$38,340
2020	$149,731	$150,591	$4,490	$-860
2019	$136,921	$141,898	$9,652	$-4,977
2018	$108,182	$149,176	$4,087	$-40,994