AFRICAN COMMUNITY ECONOMIC DEVELOPMENT OF NEW ENGLAND (EIN 510419358) - 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

2002

Legal Domicile

Principal Officer

ABDULKADIR HUSSEIN

Phone

6174126845

Tax Period

2023-01-01 to 2023-12-31

AFRICAN COMMUNITY ECONOMIC DEVELOPMENT OF NEW ENGLAND, founded in 2002, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 19% operating margin.

Mission

SUPPORT AFRICAN REFUGEE & IMMIGRANT PRIMARLY EAST AFRICAN FAMILIES. PROVIDE EDUCATIONAL SUPPORT AND ECONOMIC DEVELOPMENT

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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 $5,846,206

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,846,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,936,156

Fundraising Expenses $362,748

Program Expenses $3,749,400

Other Expenses $2,797,696

TOTAL EXPENSES $4,733,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,846,206	$2,056,732	+1.8%
Expenses	$4,733,852	$2,269,558	+1.1%
Net Income	$1,112,354	$-212,826	-6.2%

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

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

$171,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDULKADIR HUSSEIN	EXECUTIVE DIRECTOR	40.00	Officer	$171,729	$0	$171,729
Zeena Mohamed	Staff	40.00		$72,800	$0	$72,800
Hawa Yassin	Staff	40.00		$70,462	$0	$70,462
Abdullahi Amir	Chief Financial Officer	40.00		$65,000	$0	$65,000
Clare Louise Okalany	Operation Director	40.00		$85,000	$0	$85,000

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	No data	No data	No data	No data
2023	$5,846,206	$4,733,852	$1,748,211	$1,112,354
2022	$2,056,732	$2,269,558	$117,339	$-212,826
2021	$1,725,358	$1,417,832	$320,165	$307,526
2020	$613,704	$619,134	$12,639	$-5,430
2019	$387,135	$411,755	$577	$-24,620
2018	$287,741	$275,474	$17,885	$12,267

AFRICAN COMMUNITY ECONOMIC DEVELOPMENT OF NEW ENGLAND