FORTUNE RELIEF AND YOUTH EMPOWERMENT ORGANIZATION

EIN: 812134614 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$86,101
Total Expenses
$79,679
Total Assets
$77,301
Net Assets
$77,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
UKASHA DAKANE
Phone
9522193013
Tax Period
2021-01-01 to 2021-12-31

FORTUNE RELIEF AND YOUTH EMPOWERMENT ORGANIZATION, founded in 2016, is a micro nonprofit that reported $86K in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year. Expenses of $80K left a modest 7% surplus.

Mission

OUR MISSION IS TO PROVIDE EMPLOYMENT AND OTHER SUPPORT SERVICES TO YOUTH AND ADULTS BY FOCUSING ON STABILIZING THE ECONOMIC AND SOCIAL LIVES OF THE MEMBERS OF THE EAST AFRICAN COMMUNITY BY ASSISTING WITH CULTURAL ADJUSTMENT AND INCREASING THE SOCIO-ECONOMIC WELL-BEING OF THE COMMUNITY.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $86,101
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $86,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,577
Fundraising Expenses $0
Program Expenses $55,142
Other Expenses $39,102
TOTAL EXPENSES $79,679

Year-over-Year Comparison

2021 2020 Change
Revenue $86,101 $96,072 -0.1%
Expenses $79,679 $31,869 +1.5%
Net Income $6,422 $64,203 -0.9%
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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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
4

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
1
$40,090
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABDIWELI KAHIYE BOARD MEMBER 5.00
Director
$0 $0 $0
ABDIAZIZ HASIR BOARD CHAIR 5.00
Director
$0 $0 $0
IMRAN DAGANE TREASURER 5.00
Director
$0 $0 $0
KYLE SAMEJIMA BOARD MEMBER 1.00
Director
$0 $0 $0
YAHYE HUSSEIN YOUTH BOARD MEMBER 3.00
Director
$0 $0 $0
SUMAYA ABDI BOARD MEMBER 3.00
Director
$0 $0 $0
UKASHA DAKANE EXECUTIVE DIRECTOR 40.00
Officer
$40,090 $0 $40,090
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
2021 $86,101 $79,679 $77,301 $6,422
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