Somali Community Resettlement

EIN: 311668255 501(c)(3) Human Services

FARIBAULT, MN

Total Revenue
$668,953
Total Expenses
$634,575
Total Assets
$2,952,473
Net Assets
$264,496
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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

Principal Officer
Abdullah Hared
Phone
6123536380
Tax Period
2025-01-01 to 2025-12-31

Somali Community Resettlement is a small nonprofit in the Human Services sector that reported $669K in total revenue in fiscal year 2025. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $635K left a modest 5% surplus.

Mission

To promote and advance social wellbeing and welfare of immigrants and refugees by providing much needed community and resettlement.

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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 (2025)

Revenue Breakdown

Contributions & Grants $668,927
Program Service Revenue $0
Investment Income $26
Other Revenue $0
TOTAL REVENUE $668,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $501,156
Fundraising Expenses $0
Program Expenses $634,575
Other Expenses $133,419
TOTAL EXPENSES $634,575

Year-over-Year Comparison

2025 2024 Change
Revenue $668,953 $2,502,074 -0.7%
Expenses $634,575 $2,464,187 -0.7%
Net Income $34,378 $37,887 -0.1%
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
8
Independent Members
8
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abdullah Hared CEO 40
Director Highest
$0 $0 $0
Anab Garuf Treasurer 5
Director
$0 $0 $0
Faisal Ahmed Chairman 5
Director
$0 $0 $0
Yusuf Ahmed Member 5
Director
$0 $0 $0
Hassan Hussein Member 5
Director
$0 $0 $0
Ayan Mohamed Member 5
Director
$0 $0 $0
Joy Watson Member 5
Director
$0 $0 $0
Sadad Ali Secretary 5
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
2025 $668,953 $634,575 $2,952,473 $34,378
2024 No data No data No data No data
2023 $3,702,420 $3,717,033 $1,276,426 $-14,613
2022 $2,956,212 $2,784,507 $1,476,782 $171,705
2020 $1,208,541 $978,589 $394,158 $229,952
2019 $499,324 $562,450 $79,638 $-63,126
2018 $619,682 $612,353 $142,764 $7,329
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