LITTLE ETHIOPIA BUSINESS ASSOCIATION (EIN 743142591) - 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

Principal Officer

LUBANJA TILAHUN

Phone

3109232204

Tax Period

2024-01-01 to 2024-12-31

LITTLE ETHIOPIA BUSINESS ASSOCIATION, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $14K in total revenue in fiscal year 2024. Expenses of $14K left a modest 4% surplus.

Mission

The organizations mission is to promote culture, tourism, enhance and empower member businesses and also maintain security, safety and well being of the business and the

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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 $14,210

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,589

TOTAL EXPENSES $13,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,210	$14,210	N/A
Expenses	$13,589	$13,564	+0.0%
Net Income	$621	$646	0.0%

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
NEGEST LEGUESSE	PRESIDENT	5.00	Officer	$0	$0	$0
FEKRE GEBREMARIAM	SECRETARY	5.00	Officer	$0	$0	$0
DAWIT BELAY	TREASURER	5.00	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	$14,210	$13,589	$881	$621
2023	$14,210	$13,564	$260	$646
2022	$16,735	$18,062	$165	$-1,327
2021	No data	$994	$941	No data
2020	$10,092	$12,825	$2,516	$-2,733
2019	$19,752	$15,809	$4,668	$3,943

LITTLE ETHIOPIA BUSINESS ASSOCIATION