SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER (EIN 264646941) - 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

2013

Principal Officer

FATOUN ALI

Phone

6122456625

Tax Period

2024-01-01 to 2024-12-31

SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER, founded in 2013, is a small nonprofit in the Civil Rights & Advocacy sector that reported $298K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $269K left a modest 10% surplus.

Mission

AT THE SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER (SOMFAM) WE ARE BUILDING A STRONGER SOMALI COMMUNITY BY HELPING PEOPLE OF ALL AGES LEARN HOW TO LIVE HEALTHY AND SUCCESSFUL LIVES. THROUGH MENTORING AND EDUCATION WE EMPOWER OUR SOMALI ADULTS AND YOUTH TO BE SELF-SUFFICIENT, SUCCESSFUL AND CONTRIBUTING MEMBERS OF THEIR FAMILIES, SCHOOLS, BUSINESSES, AND BOTH THE SOMALI AND LARGER TWIN CITIES COMMUNITIES.

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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 $297,757

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $297,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,000

Program Expenses $267,171

Other Expenses $267,963

TOTAL EXPENSES $268,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,757	$157,088	+0.9%
Expenses	$268,963	$162,963	+0.7%
Net Income	$28,794	$-5,875	-5.9%

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

N/A

Independent Members

N/A

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
FATOUN ALI	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
ZAHRA ABDIRIZAK	SCRUM MASTER	N/A	Officer	$0	$0	$0
LLOYD BROWN	LEARNING COO	N/A	Officer	$0	$0	$0
MOHAMED MOHAMED	PROGRAM ASSI	N/A	Officer	$0	$0	$0
ZAK MOHAMED	DEVELOPMENT	N/A	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	$297,757	$268,963	$50,610	$28,794
2022	$114,882	$92,258	$27,749	$22,624

SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER