Somali Bantu Community Association… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Muhidin D Libah

Phone

2077494494

Tax Period

2024-01-01 to 2024-12-31

Somali Bantu Community Association of Maine, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $975K left a modest 6% surplus.

Mission

The Somali Bantu Community Association provides vital transitional services, youth engagement, land access, and resources for food production that empower members of the refugee and immigrant community to uphold cultural identity and economic well-being to thrive in their new life here in Maine.

Program Service Accomplishments

Program 1

Expenses: $826,906

Farming Program to help local immigrant farmers including Liberation Farms agriculture program, Kashekee youth programming, Community Advocacy work, Basket Weaving, and other services.

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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 $976,673

Program Service Revenue $0

Investment Income $119

Other Revenue $55,717

TOTAL REVENUE $1,032,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,980

Fundraising Expenses $2,529

Program Expenses $826,906

Other Expenses $361,031

TOTAL EXPENSES $975,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,032,509	$801,291	+0.3%
Expenses	$975,011	$897,074	+0.1%
Net Income	$57,498	$-95,783	-1.6%

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

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

$79,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mohamed A Mohamed	President	25.00	Officer Director	$0	$0	$0
Ali Bule	Treasurer	5.00	Officer Director	$0	$0	$0
Habiba Salat	Director	1.00	Director	$0	$0	$0
Bashir Haji	Director	1.00	Director	$0	$0	$0
Maryan Mohamed	Director	1.00	Director	$0	$0	$0
Mohamed Abdi	Director	1.00	Director	$0	$0	$0
Osman Bashir	Secretary	5.00	Officer Director	$0	$0	$0
Isha Yerrow	Director	1.00	Director	$0	$0	$0
Asha Jibril	Director	1.00	Director	$0	$0	$0
Hassan Barjin	Director	1.00	Director	$0	$0	$0
Ali Hamse	Director	1.00	Director	$0	$0	$0
Hassan Mohamed	Director	1.00	Director	$0	$0	$0
Muhidin Libah	Executive Director	40.00	Officer	$79,692	$0	$79,692

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	$1,032,509	$975,011	$1,247,982	$57,498
2023	$801,291	$897,074	$1,120,256	$-95,783
2022	$1,214,573	$798,744	$1,177,600	$415,829
2021	$720,624	$641,195	$567,746	$79,429
2020	$720,233	$413,679	$478,012	$306,554
2019	$330,402	$313,019	$177,218	$17,383
2018	$322,921	$260,366	$129,924	$62,555

Somali Bantu Community Association of Maine