ETHIOEDIR

EIN: 814205776 Mutual Benefit

Seattle, WA

Total Revenue
$325,014
Total Expenses
$199,512
Total Assets
$1,109,094
Net Assets
$1,069,316
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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
2008
Legal Domicile
WA
Principal Officer
Mekoned Tsega
Phone
2063556121
Tax Period
2023-01-01 to 2023-12-31

ETHIOEDIR, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $325K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $126K, a strong 39% operating margin.

Mission

The Organization's primary exempt purposes include: 1) providing financial assistance for funeral services or for transporting the body of a member of the Edir. 2) disseminating information to the members of the Edir of the death of a member, 3) coordinating and assigning the tasks associated with the death of a member, 4) comforting and consoling those who have lost loved once, and 5) encouraging members to be present in the mourning for consoling the surviving family members of the deceased member..

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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 (2023)

Revenue Breakdown

Contributions & Grants $325,014
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $325,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $117,222
TOTAL EXPENSES $199,512

Year-over-Year Comparison

2023 2022 Change
Revenue $325,014 $300,620 +0.1%
Expenses $199,512 $169,913 +0.2%
Net Income $125,502 $130,707 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

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Governance

Voting Members
9
Independent Members
9
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mekonnen Tsegga President 8
Director
$0 $0 $0
Tadesse Minas Vice President 8
Director
$0 $0 $0
Guenet Assefa Secretary 8
Director
$0 $0 $0
Tigest Billilign Board Member 8
Director
$0 $0 $0
Zuriash Majid Treasurer 8
Director
$0 $0 $0
Fikru Diro Board Member 8
Director
$0 $0 $0
Teklesellasie Balcha Board Member 8
Director
$0 $0 $0
Tigist Abraham Board Member 8
Director
$0 $0 $0
Fekade Tessema Board Member 8
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 No data No data No data No data
2023 $325,014 $199,512 $1,109,094 $125,502
2022 $300,620 $169,913 $946,694 $130,707
2021 $251,280 $196,155 $815,987 $55,125
2020 $242,560 $75,920 $760,862 $166,640
2019 $181,355 $40,233 $594,222 $141,122
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