Hilaac Foundation

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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

2015

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Hilaac Foundation, founded in 2015, is a small nonprofit that reported $115K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $327K exceeded revenue, resulting in a 185% operating deficit.

Mission

Provide nutritious meals and health and cultural guidance to the greater Minnesota Somali community.

Program Service Accomplishments

Program 1

Expenses: $327,207 Revenue: $205,083

Provided access to free or low cost food products to children and other people in need in their community. Provided education activities regarding guidance on nutrition, general health, community and...

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,151

Program Service Revenue $109,514

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,665

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $36,400

Fundraising Expenses $0

Program Expenses $327,207

Other Expenses $287,807

TOTAL EXPENSES $327,207

Year-over-Year Comparison

	2022	2021	Change
Revenue	$114,665	$1,218,654	-0.9%
Expenses	$327,207	$993,932	-0.7%
Net Income	$-212,542	$224,722	-1.9%

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

$36,400

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mustaf Osman	Director	Director	$36,400	$0	$36,400
Fatuma Osman	Director	Director	$0	$0	$0
Luul Osman	Director	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
2022	$114,665	$327,207	No data	$-212,542
2021	$1,218,654	$993,932	$224,722	$224,722