ST MICHAEL CATHEDRAL CATHOLIC DIOC… - Form 990 Financial Data

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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

2014

Legal Domicile

Phone

6142167644

Tax Period

2024-01-01 to 2024-12-31

ST MICHAEL CATHEDRAL CATHOLIC DIOCESE OF SEGH INC, founded in 2014, is a small nonprofit in the Religion sector that reported $139K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $87K, a strong 63% operating margin.

Mission

FUND RAISING AND PROVISION OF SUPPORT TO ST.MICHAEL CATHEDRAL,CATHOLIC DIOCESE OF SEGHENEITY

Program Service Accomplishments

Program 1

Expenses: $51,584 Revenue: $138,635

FUND RAISING AND PROVISION OF SUPPORT TO ST MICHAEL CATHEDRAL CATHOLIC DIOCESE OF SEGHENEITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $138,635

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138,635

Expense Breakdown

Grants Paid $49,790

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,584

Other Expenses $1,794

TOTAL EXPENSES $51,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,635	$274,895	-0.5%
Expenses	$51,584	$104,030	-0.5%
Net Income	$87,051	$170,865	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HAILU	PRESIDENT CO- TREASURER	5.00	Officer Director	$0	$0	$0
TESFAMICHAEL TSEGHAI	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TSEGA WELDEMARIAM	SECRETARY	5.00	Officer Director	$0	$0	$0
ZERU AMAN	CO- TREASURER	5.00	Officer 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	$138,635	$51,584	$1,044,150	$87,051
2023	$274,895	$104,030	$1,056,222	$170,865
2022	$71,614	$69,711	$1,031,817	$1,903
2021	$70,567	$20,753	$1,059,064	$49,814
2020	$73,951	$33,439	$901,773	$40,512
2019	$52,239	$33,415	$861,261	$18,824

ST MICHAEL CATHEDRAL CATHOLIC DIOCESE OF SEGH INC