PROJECT ETHIOPIA (EIN 352575284) - 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

2017

Legal Domicile

Principal Officer

Asamenech Afework

Phone

2067174300

Tax Period

2023-01-01 to 2023-12-31

PROJECT ETHIOPIA, founded in 2017, is a small nonprofit in the International Affairs sector that reported $274K in total revenue in fiscal year 2023. The organization ran a surplus of $63K, a strong 23% operating margin.

Mission

Project Ethiopia partners with rural communities to create hope and opportunity through education, healthy homes, and economic resilience.

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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 (2023)

Revenue Breakdown

Contributions & Grants $268,852

Program Service Revenue $0

Investment Income $5,235

Other Revenue $0

TOTAL REVENUE $274,087

Expense Breakdown

Grants Paid $157,643

Salaries & Benefits $35,696

Fundraising Expenses $13,987

Program Expenses $179,978

Other Expenses $17,881

TOTAL EXPENSES $211,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,087	$255,670	+0.1%
Expenses	$211,220	$267,653	-0.2%
Net Income	$62,867	$-11,983	-6.2%

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

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

$14,624

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Wilkes	Executive Director	8	Officer	$14,624	$0	$14,624
Len Barson	President	3	Officer Director	$0	$0	$0
Rob Magnusson	Treasurer	4	Officer Director	$0	$0	$0
Lynnda Laurie	Secretary	2	Officer Director	$0	$0	$0
Judith Sanderman	Founder & Board Member	2	Director	$0	$0	$0
Molly Adolfson	Board Member	1	Director	$0	$0	$0
Asamenech Afework	Board Member	1	Director	$0	$0	$0
Anteneh Belay	Board Member	1	Director	$0	$0	$0
Mariko Kawabori	Board Member	2	Director	$0	$0	$0
Wossen Mengiste	Board Member	1	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
2024	No data	No data	No data	No data
2023	$274,087	$211,220	$271,300	$62,867
2022	$255,670	$267,653	$208,833	$-11,983
2021	$269,138	$254,611	$220,416	$14,527
2020	$261,230	$197,027	$234,923	$64,203
2019	$221,882	$217,464	$141,687	$4,418
2018	$201,362	$219,615	$137,269	$-18,253

PROJECT ETHIOPIA