REFUGEE ASSISTANCE CENTER INC

EIN: 813884616 501(c)(3) Human Services

SAN DIEGO, CA

Total Revenue
$484,120
Total Expenses
$378,489
Total Assets
$17,077
Net Assets
$17,077
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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
CA
Principal Officer
Abraham Tessema
Phone
6197939019
Tax Period
2024-01-01 to 2024-12-31

REFUGEE ASSISTANCE CENTER INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $484K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 22% operating margin.

Mission

To help refugees rebuild safe sustainable lives in San Diego through a supportive network of people services and communities

Program Service Accomplishments

Program 1
Expenses: $66,569 Revenue: $0

Behavior Health Initiative. One of our significant accomplishments was the Behavioral Health Initiative for East African refugees their families and the community. We provided behavioral health...

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Behavior Health Initiative. One of our significant accomplishments was the Behavioral Health Initiative for East African refugees their families and the community. We provided behavioral health navigation case support and culturally responsive behavioral health services. In addition to their key activities they provided care to 112 individuals. We also provided community education stigma reduction and early self-help. Moreover resource navigation and referrals were provided to 84 individuals and families. Thus we also held 12 community education workshops to reduce the stigma around mental health and increase awareness of substance abuse among the youth. Finally 20 of our youth were engaged in youth-led message development and storytelling workshops. They created and produced videos on immigrant and refugee protection. Additionally they developed a Community Resource Toolkit on mental health tips and stigma- related topics. These were distributed throughout the community. And 9 youth received a paid summer fellowship. Behavioral

Program 2
Expenses: $92,161 Revenue: $0

Young Leaders Council YLC. Our second accomplishment involved our Young Leader Council which aims to increase youth capacity in leadership peer mentoring and policy understanding. Specifically our...

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Young Leaders Council YLC. Our second accomplishment involved our Young Leader Council which aims to increase youth capacity in leadership peer mentoring and policy understanding. Specifically our youth-led outreach to 9 different refugee communities in San Diego. YLCs activities included workshops on substance use and local cannabis policies and training 9 YLC members as peer mentors and community educators. They were part of the Mentoring Civic Engagement Team which consisted of 17 youth and adults who engaged in 3 workshops. Finally 8 youths were recruited and trained to become members of our Young Leader Council.

Program 3
Expenses: $72,534 Revenue: $0

Housing. Our third accomplishment addresses increasing access to stable housing reducing housing instability through culturally responsive support and developing stronger connections to housing...

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Housing. Our third accomplishment addresses increasing access to stable housing reducing housing instability through culturally responsive support and developing stronger connections to housing service providers. We provided individuals and families with the following services:1Housing navigation and case support 2 Application assistance and referrals 3 Connection to emergencies rental and supportive housing. Finally in 2024 we supported 32 Individuals Families completed Housing Referrals assisted 86 applications and paid a 40,000 housing deposit.

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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 (2024)

Revenue Breakdown

Contributions & Grants $484,120
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $484,120

Expense Breakdown

Grants Paid $153,300
Salaries & Benefits $64,200
Fundraising Expenses $0
Program Expenses $298,245
Other Expenses $160,989
TOTAL EXPENSES $378,489

Year-over-Year Comparison

2024 2023 Change
Revenue $484,120 $270,000 +0.8%
Expenses $378,489 $129,478 +1.9%
Net Income $105,631 $140,522 -0.2%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
4
Volunteers
10

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
0
$0
Total Directors
0
$0
Key Employees
4
$81,600
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Abraham Program Mgr 20.00
Key Emp
$24,000 $0 $24,000
Selamawit Tessman Program Mgr 20.00
Key Emp
$19,200 $0 $19,200
Meaza Serfu Project 20.00
Key Emp
$19,200 $0 $19,200
Melat Kassahun Project Mgr 20.00
Key Emp
$19,200 $0 $19,200
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 $484,120 $378,489 $17,077 $105,631
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