Gorgora Rennaissance and Development Association

EIN: 461672362 501(c)(3)

Silver Spring, MD

Total Revenue
$8,670
Total Expenses
$12,069
Total Assets
$14,941
Net Assets
$14,941
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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
2013
Legal Domicile
MD
Principal Officer
Tesfai Asmamaw
Tax Period
2019-01-01 to 2019-12-31

Gorgora Rennaissance and Development Association, founded in 2013, is a micro nonprofit that reported $9K in total revenue in fiscal year 2019. Expenses of $12K exceeded revenue, resulting in a 39% operating deficit.

Mission

GRDA s mission is to work hard to improve the lives of the residents in our hometown by initiating projects that would facilitate self help through hard work and innovation.

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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 (2019)

Revenue Breakdown

Contributions & Grants $8,670
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,069
TOTAL EXPENSES $12,069

Year-over-Year Comparison

2019 2018 Change
Revenue $8,670 $8,942 0.0%
Expenses $12,069 $4,668 +1.6%
Net Income $-3,399 $4,274 -1.8%
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
5
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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kiros Asmamaw Treasurer 005.00
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
2019 $8,670 $12,069 $14,941 $-3,399
2018 $8,942 $4,668 $18,340 $4,274
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