THE FREGENET FOUNDATION (EIN 611544897) - 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

2004

Legal Domicile

Principal Officer

Elizabeth Asrat

Phone

3109777382

Tax Period

2024-07-01 to 2025-06-30

THE FREGENET FOUNDATION, founded in 2004, is a micro nonprofit in the Education sector that reported $30K in total revenue in fiscal year 2024. Expenses of $34K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Fregenet Foundation is dedicated to creating educational opportunities for underserved children in Ethiopia. The Foundation provides high quality early education as a means to overcome poverty, and gender inequality for children from low income families. The Fregenet Foundation set out to provide this by building schools that have lower teacher / student ratio (2 to 30) and provides everything for free (meals, uniform, books, education), including a free pre- Kindergarten and Kindergarten program.

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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 $29,914

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,914

Expense Breakdown

Grants Paid $33,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,000

Other Expenses $639

TOTAL EXPENSES $33,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,914	$30,874	0.0%
Expenses	$33,639	$52,838	-0.4%
Net Income	$-3,725	$-21,964	-0.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Asrat	Board of Director, Financial Officer	5	Officer Director	$0	$0	$0
Shimelis B Gulema	Board Director, Secretary of the Board	5	Officer Director	$0	$0	$0
Abdi Sherif Dr	Board Director & Fundraising Committee	5	Officer	$0	$0	$0
Tafesse Woubseht	Board Director, President	20	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
2025	$29,914	$33,639	$57,866	$-3,725
2024	$30,874	$52,838	$61,591	$-21,964
2023	$35,687	$41,188	$83,555	$-5,501
2022	$33,099	$67,024	$89,056	$-33,925
2021	$55,963	$86,687	$122,981	$-30,724
2020	$67,544	$136,557	$153,755	$-69,013
2019	$60,238	$30,965	$222,718	$29,273

THE FREGENET FOUNDATION