Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Ethiopian Community Association of Chicago Inc, founded in 1984, is a community nonprofit in the Human Services sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 15% surplus.
The Ethiopian Community Association of Chicago (herein after referred to as ECAC) is a not-for-profit, non-political, tax-exempt organization committed to serving the educational, cultural, psychological, and socio-economic needs of Ethiopians in Chicago land and the surrounding areas. ECAC also responds to the needs of other similarly situated groups who might seek its services. ECAC endeavors to facilitate the overall adjustment, stability, growth and development of its constituency. ECACs mission is charitable and educational.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,162,281 | $4,836,936 | +0.3% |
| Expenses | $5,251,219 | $3,514,626 | +0.5% |
| Net Income | $911,062 | $1,322,310 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Aklilu Adeye | Execitive Director | 40.00 |
|
$104,506 | $0 | $104,506 |
| Yittayih Zelalem | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Beyene | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Melkie Admasu Tega | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Felasfaw Woldegabriel | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Samson Mamo | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Alem Taye | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Samson Abebe | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Abegail Yimer | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Efrem Gebremedihin | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Aye Mengistu | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Tibebu Sanbeta | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,162,281 | $5,251,219 | $4,289,338 | $911,062 |
| 2024 | No data | No data | No data | No data |
| 2023 | $3,656,130 | $3,065,665 | $2,200,658 | $590,465 |
| 2022 | $2,994,049 | $2,326,131 | $1,617,537 | $667,918 |
| 2021 | $767,399 | $646,363 | $837,185 | $121,036 |
| 2020 | $597,660 | $727,226 | $773,969 | $-129,566 |
| 2020 | $629,348 | $732,879 | $783,217 | $-103,531 |
Compare Ethiopian Community Association of Chicago Inc with other nonprofits in Illinois and across the country.