KISANET ASSOCIATION INC (EIN 471064888) - 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

2014

Legal Domicile

Principal Officer

Melete Berhane

Phone

3237752628

Tax Period

2023-03-01 to 2024-02-29

KISANET ASSOCIATION INC, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $217K in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 29% operating margin.

Mission

We provide benefits upon the loss of any member's life.

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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 $0

Program Service Revenue $212,111

Investment Income $4,551

Other Revenue $0

TOTAL REVENUE $216,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,261

Other Expenses $12,082

TOTAL EXPENSES $153,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,662	$103,553	+1.1%
Expenses	$153,082	$47,720	+2.2%
Net Income	$63,580	$55,833	+0.1%

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

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	Role	Reportable Comp	Other Comp	Total
Bereket Alem	President	Officer Director	$0	$0	$0
Bitsu Welderufael	Secretary	Officer Director	$0	$0	$0
Melete Berhane	CFO	Officer Director	$0	$0	$0
Stefanos Kelete	Director	Director	$0	$0	$0
Fitzum Haile	Director	Director	$0	$0	$0
Amanuel Tsegay	Director	Director	$0	$0	$0
Debesay Haile	Director	Director	$0	$0	$0
Dawit Gebremeskel	Director	Officer Director	$0	$0	$0
Elsa Zeray	Director	Director	$0	$0	$0
Meaza Werede	Director	Director	$0	$0	$0
Roman Tekle	Director	Director	$0	$0	$0
Seble Gebremedhin	Director	Director	$0	$0	$0
Simon Hailemichael	Director	Director	$0	$0	$0
Tedros Negash	Director	Director	$0	$0	$0
Zerai Bahta	Director	Director	$0	$0	$0
Hewan Yohannes	Audit Committee	Director	$0	$0	$0
Mehret Berhane	Audi Committee	Director	$0	$0	$0
Zegergis Libsekal	Audit Committee	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
2026	No data	No data	No data	No data
2024	$216,662	$153,082	$217,683	$63,580
2024	$200,911	$66,483	$352,111	$134,428
2022	$212,955	$208,972	$98,270	$3,983

KISANET ASSOCIATION INC