AMSALE GESSESSE MEMORIAL 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

2007

Legal Domicile

Phone

7135278345

Tax Period

2024-01-01 to 2024-12-31

AMSALE GESSESSE MEMORIAL FOUNDATION, founded in 2007, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 112% operating deficit.

Mission

IFA is committed to ensuring the well-being of women & children in Africa, especially the vulnerable with limited access to quality health care and essential services like nutritious food, education & safe drinking water

Program Service Accomplishments

Program 1

Expenses: $112,621 Revenue: $53,125

The projects accomplished in 2021 mainly focused on developing and expanding the sustainable school health and nutrition program (SSHNP) among 3 public, primary schools in Addis Ababa & 1 Primary...

The projects accomplished in 2021 mainly focused on developing and expanding the sustainable school health and nutrition program (SSHNP) among 3 public, primary schools in Addis Ababa & 1 Primary school at Jihur Northern Showa. IFA serves more than 1000 vulnerable primary school children in Ethiopia. They provided nutritious meals-- breakfast & lunch on all the days the schools were open. Additional components to the SSHNP include the School Eye Health & a School Wash (Water Sanitation and Hygiene)

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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 $53,125

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,125

Expense Breakdown

Grants Paid $46,925

Salaries & Benefits $56,165

Fundraising Expenses $0

Program Expenses $112,621

Other Expenses $9,531

TOTAL EXPENSES $112,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,125	$175,148	-0.7%
Expenses	$112,621	$199,330	-0.4%
Net Income	$-59,496	$-24,182	+1.5%

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

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
Dr Anteneh Roba	President	40.00	Officer Director	$0	$0	$0
Melanie Blake	SecretaryTreasurer	2.00	Officer Director	$0	$0	$0
Sefanit Fassil	Board Member	2.00	Director	$0	$0	$0
Anuj Shah	Board Member	2.00	Director	$0	$0	$0
Sable Nebiueloul	Chief Operating Officer	40.00	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	$53,125	$112,621	$5,409	$-59,496
2023	$175,148	$199,330	$63,761	$-24,182
2022	$157,047	$235,959	$83,627	$-78,912
2021	$275,856	$250,546	$173,883	$25,310
2020	$284,677	$265,298	$156,825	$19,379
2019	$210,599	$275,578	$151,262	$-64,979
2018	$308,832	$244,564	$237,324	$64,268