HORN OF AFRICA DEVELOPMENT EDUCATION FOUNDATION

EIN: 271538019 501(c)(3) Unknown

Minneapolis, MN

Total Revenue
$111,578
Total Expenses
$105,581
Total Assets
$19,539
Net Assets
$19,539
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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
2014
Legal Domicile
MN
Principal Officer
MUKHTAR YUSUF
Phone
6128004888
Tax Period
2023-01-01 to 2023-12-31

HORN OF AFRICA DEVELOPMENT EDUCATION FOUNDATION, founded in 2014, is a small nonprofit in the Unknown sector that reported $112K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $106K left a modest 5% surplus.

Mission

to empower people through improving their quality of life and ensure they fulfill their dreams of a better tomorrow

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,578
Investment Income $0
Other Revenue $0
TOTAL REVENUE $111,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,816
TOTAL EXPENSES $105,581

Year-over-Year Comparison

2023 2022 Change
Revenue $111,578 $141,277 -0.2%
Expenses $105,581 $120,438 -0.1%
Net Income $5,997 $20,839 -0.7%
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

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Governance

Voting Members
5
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MUKHTAR YUSUF EXECUTIVE DIRECTOR 020.00
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
2023 $111,578 $105,581 $19,539 $5,997
2022 $141,277 $120,438 $13,080 $20,839
2021 $1,175,382 $1,048,862 $126,520 $126,520
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