MEKEDONIA CHARITY HOMES

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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

2016

Legal Domicile

Principal Officer

Dawit Gebreselassie

Tax Period

2024-01-01 to 2024-12-31

MEKEDONIA CHARITY HOMES, founded in 2016, is a small nonprofit in the International Affairs sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $92K, a strong 60% operating margin.

Mission

The organization is a 501c3 qualified exempt nonprofit organization under 501c3 of the Internal Revenue Code dedicated to providing food permanent housing clothing medical care and compassionate personal care to the most helpless needy and marginalized elderly people and those with mental illness.

Program Service Accomplishments

Program 1

Expenses: $45,528 Revenue: $0

Help construct Mekeonia building in Ethiopia

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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 $152,425

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $152,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,528

Other Expenses $60,464

TOTAL EXPENSES $60,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,425	$2,220,935	-0.9%
Expenses	$60,464	$2,295,557	-1.0%
Net Income	$91,961	$-74,622	-2.2%

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

N/A

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
Benyam Addis	President	15.00	Officer Director	$0	$0	$0
Dawit Gebreselassie	Secretary	20.00	Officer Director	$0	$0	$0
Betelihem Nemomsa	Treasurer	10.00	Officer 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
2024	$152,425	$60,464	$186,971	$91,961
2023	$2,220,935	$2,295,557	$95,010	$-74,622