WEGENE ETHIOPIAN FOUNDATION (EIN 352165352) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

2002

Legal Domicile

Principal Officer

Hirut Gorems

Phone

7034551140

Tax Period

2023-06-01 to 2024-05-31

WEGENE ETHIOPIAN FOUNDATION, founded in 2002, is a small nonprofit in the International Affairs sector that reported $148K in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $134K left a modest 9% surplus.

Mission

Wegene's mission is to improve the daily lives of the less fortunate and disadvantaged children and their families in Ethiopia by overcoming three critical barriers in the seemingly unbreakable poverty cycle: POOR OR NO EDUCATION, POOR HOUSING, FAMILY INSTABILITY

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $337,934

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $337,934

Expense Breakdown

Grants Paid $145,894

Salaries & Benefits $0

Fundraising Expenses $101,603

Program Expenses $145,894

Other Expenses $126,306

TOTAL EXPENSES $272,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,934	$263,527	+0.3%
Expenses	$272,200	$184,206	+0.5%
Net Income	$65,734	$79,321	-0.2%

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

Independent Members

N/A

Employees

N/A

Volunteers

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
Amarech Worku	Director of Fundraising Crafts	15	Director	$0	$0	$0
Hiwot Alemayehu	Director of Public Relations	15	Director	$0	$0	$0
Nini F Legesse	Executive Director	25	Director	$0	$0	$0
Kelemework Yimam	Director of Operations	15	Director	$0	$0	$0
Elizabeth Afessa	Director of Development	15	Director	$0	$0	$0
Hirut Gorems	Director of Finance	15	Director	$0	$0	$0
Sara Addisu	Director of Fundraising	15	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	No data	No data	No data	No data
2024	$337,934	$272,200	$452,123	$65,734
2023	$263,527	$184,206	$384,998	$79,321
2022	$242,215	$185,358	$310,662	$56,857
2021	$170,613	$112,722	$246,145	$57,891
2020	$201,180	$151,384	$191,049	$49,796
2019	$148,224	$134,475	$142,812	$13,749

WEGENE ETHIOPIAN FOUNDATION