Somali Cultural Institute (EIN 264573424) - Form 990 Financial Analysis & Trantor Score

🔒

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

2012

Phone

6128367788

Tax Period

2023-01-01 to 2023-12-31

Somali Cultural Institute, founded in 2012, is a small nonprofit in the Religion sector that reported $279K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $269K left a modest 4% surplus.

Mission

charitable, educational, religious, or scientific purposes within the meaning of Section501(c(3) of the Internal Revenue Code of 1986 ,as amended (theCode), or such other provisions of Minesota or Federal.

🔒

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 $278,537

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,537

Expense Breakdown

Grants Paid $38,518

Salaries & Benefits $91,741

Fundraising Expenses $0

Program Expenses $76,818

Other Expenses $138,343

TOTAL EXPENSES $268,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,537	$357,464	-0.2%
Expenses	$268,602	$249,557	+0.1%
Net Income	$9,935	$107,907	-0.9%

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

N/A

Independent Members

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIBAN BEDDAL	Trustee	1	Officer	$0	$0	$0
HASSAN HADE	Board Member	1	Officer	$0	$0	$0
ISMAEL HAJI	Trustee/Executive Director	1	Officer	$0	$0	$0
Omar Bihi	Trustee	1	Officer	$0	$0	$0
Abdinoor Adeed	Trustee	1	Officer	$0	$0	$0
Mohamed Shuayb	Board Member	1	Officer	$0	$0	$0
Abubakar Cumar	Board Member	1	Officer	$0	$0	$0
ABDIRIZAK FARAH	Trustee	1	Officer	$0	$0	$0
Jama Farah	Trustee	1	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
2024	No data	No data	No data	No data
2023	$278,537	$268,602	No data	$9,935
2022	$357,464	$249,557	No data	$107,907
2021	$494,177	$187,802	$8,074	$306,375
2020	$265,392	$118,957	$8,074	$146,435
2019	$441,046	$366,358	$82,762	$74,688
2018	$645,754	$412,518	$359,128	$233,236

Somali Cultural Institute