AMHARA ASSOCIATION IN SEATTLE

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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

MULUMEBET RETTA

Phone

2064755383

Tax Period

2024-01-01 to 2024-12-31

AMHARA ASSOCIATION IN SEATTLE, founded in 2016, is a micro nonprofit in the Public & Societal Benefit sector that reported $38K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 142% operating deficit.

Mission

Amhara Association in Seattle provides humanitarian support and financial aid to war-affected Amharas. Its mission is to unite the Amhara community in Seattle, promote U.S. integration, and advocate for justice and rights of Amharas in Ethiopia, work together to resolve issues.

Program Service Accomplishments

Program 1

Expenses: $90,844 Revenue: $37,507

The Amhara Association in Seattle has been providing humanitarian support for war affected Amhara in 4 regions and displaced Amharas.The humanitarian support includes:Financial aid, emergency food...

The Amhara Association in Seattle has been providing humanitarian support for war affected Amhara in 4 regions and displaced Amharas.The humanitarian support includes:Financial aid, emergency food assistance, medical supplies, clothing, and educational supplies for IDP children.The mission is to unite the Amhara community in Seattle and the surrounding areas, promote integration into U.S. culture, advocate for justice and the rights of Amharas in Ethiopia, and work together to address and resolve various social issues.

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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 $37,507

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,844

Other Expenses $90,844

TOTAL EXPENSES $90,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,507	$311,369	-0.9%
Expenses	$90,844	$230,996	-0.6%
Net Income	$-53,337	$80,373	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MULUMEBET RETTA	TREASURER	30.00	Officer	$0	$0	$0
TEFERA GIRMA	PR	20.00	Officer	$0	$0	$0
WONDWASSEN ENGIDA	CHAIRMAN	20.00	Officer	$0	$0	$0
MULUWORK TEGEGNE	FINANCE HEAD	20.00	Officer	$0	$0	$0
MEKASHA GEDLIE	VICE CHAIRMAN	15.00	Officer	$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	$37,507	$90,844	$27,037	$-53,337
2023	$311,369	$230,996	$80,374	$80,373