THOUSAND CURRENTS (EIN 770071852) - 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

1988

Legal Domicile

Principal Officer

SOLOME LEMMA

Phone

4158248384

Tax Period

2023-07-01 to 2024-06-30

THOUSAND CURRENTS, founded in 1988, is a mid-sized nonprofit in the International Affairs sector that reported $63.6M in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32.8M, a strong 52% operating margin.

Mission

WE FUND, CONNECT, AND WALK ALONGSIDE GRASSROOTS GROUPS TRANSFORMING THEIR COMMUNITIES.

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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 $62,759,183

Program Service Revenue $116,523

Investment Income $685,725

Other Revenue $18

TOTAL REVENUE $63,561,449

Expense Breakdown

Grants Paid $23,429,572

Salaries & Benefits $4,989,202

Fundraising Expenses $970,309

Program Expenses $27,934,546

Other Expenses $2,367,393

TOTAL EXPENSES $30,786,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,561,449	$23,796,383	+1.7%
Expenses	$30,786,167	$23,889,477	+0.3%
Net Income	$32,775,282	$-93,094	-353.1%

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

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

$385,942

Total Directors

Key Employees

$175,965

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOLOME LEMMA	CEO	38.00	Officer	$191,182	$27,042	$218,224
RAJIV KHANNA	DIR. OF PHILANTHROPIC PARTNERSHIPS	38.00	Key Emp	$152,522	$23,443	$175,965
KATHERINE ZAVALA	DIR. OF LEARNING INITIATIVES	38.00	Highest	$147,880	$39,004	$186,884
JENESHA DE RIVERA	VICE PRESIDENT	38.00	Officer	$141,127	$26,591	$167,718
CINDY DEL ROSARIO TAPPAN	DIR. OF COMMUNICATIONS	38.00	Highest	$128,195	$32,809	$161,004
SHILPA ALIMCHANDANI	CHAIR	2.00	Officer Director	$0	$0	$0
HERSCHELLE MILFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
RUTH SAWYER	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE REDDY	DIRECTOR	2.00	Director	$0	$0	$0
SIHLE DINANI	DIRECTOR	2.00	Director	$0	$0	$0
ASAD REHMAN	DIRECTOR	2.00	Director	$0	$0	$0
FLAVIA JIMENEZ	DIRECTOR	2.00	Director	$0	$0	$0
MANDY VAN DEVEN	DIRECTOR	2.00	Director	$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	No data	No data	No data	No data
2024	$63,561,449	$30,786,167	$63,311,041	$32,775,282
2023	$23,796,383	$23,889,477	$28,892,801	$-93,094
2022	$25,200,495	$13,695,517	$28,732,895	$11,504,978
2021	$15,204,408	$80,529,850	$18,209,575	$-65,325,442
2020	$86,898,035	$10,819,105	$83,111,013	$76,078,930
2019	$6,636,185	$5,926,666	$6,528,328	$709,519
2018	$6,791,650	$5,625,416	$5,910,558	$1,166,234

THOUSAND CURRENTS