Somali Community Of Louisville Inc (EIN 611319971) - 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

2013

Legal Domicile

Phone

5022998808

Tax Period

2024-01-01 to 2024-12-31

Somali Community Of Louisville Inc, founded in 2013, is a small nonprofit in the Education sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 13% surplus.

Mission

SCL fosters the ability of Somali individuals and families to advocate on their behalf and participate constructively in the broader community.

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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 $334,497

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,920

Program Expenses $191,516

Other Expenses $292,466

TOTAL EXPENSES $292,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,497	$177,000	+0.9%
Expenses	$292,466	$240,449	+0.2%
Net Income	$42,031	$-63,449	-1.7%

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
ABDULLAHI AFRAH	BOARD PRESIDENT	1.00	Director	$0	$0	$0
ABDINAJIB ABDI	BOARD MEMBER	1.00	Director	$0	$0	$0
BURHAN AHMED	BOARD MEMBER	1.00	Director	$0	$0	$0
MOHAMED SUGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
RAHMA MOHAMED	BOARD MEMBER	0.00	Director	$0	$0	$0
FARHAN ABDI	EXECUTIVE DIRECTOR	60.00	Officer	$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	$334,497	$292,466	$62,966	$42,031
2023	$177,000	$240,449	$27,460	$-63,449
2022	$292,175	$115,806	$79,214	$176,369
2021	$420,000	$357,717	$171,894	$62,283
2020	$465,000	$465,000	$442,430	No data

Somali Community Of Louisville Inc