Ethiopian and Eritrean Cultural an… - Form 990 Financial Data

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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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Ethiopian and Eritrean Cultural and Resource Cente, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $813K, a strong 47% operating margin.

Mission

To provide culturally specific services to Ethiopian, Eritrean and other African refugees help newly immigrated individuals residing in Oregon to successfully integrate, especially in the areas of health, education and economic assistance.

Program Service Accomplishments

Program 1

Expenses: $107,375

Oregon Health Authority COVID19 Emergency Response Project provided wraparound support including rent, utility, food and other basic assistance was provide to Ethiopian, Eritrean, African American...

Oregon Health Authority COVID19 Emergency Response Project provided wraparound support including rent, utility, food and other basic assistance was provide to Ethiopian, Eritrean, African American and other African community members affected by Long COVID

Program 2

Expenses: $93,315 Revenue: $101,247

Vaccine Equity Project by Urban Institute initiative has laid the foundation for a much-needed computer and ESL lab, benefiting newcomers and individuals seeking to enhance their language and...

Vaccine Equity Project by Urban Institute initiative has laid the foundation for a much-needed computer and ESL lab, benefiting newcomers and individuals seeking to enhance their language and computer skills. The desktops and printers utilized for training have become invaluable assets accessible to all community members. They are used for various purposes such as job applications, online classes for certifications like CPR/First Aid, accessing DHS resources, and staying connected with family and friends worldwide, fostering a sense of belonging.

Program 3

Expenses: $69,778 Revenue: $100,000

PCEF 100,000.00 Project 32002899. This project is to raise climate awareness and foster energy efficiency through a series of educational and engagement activities. It involves creating multilingual educational materials and surveys tailored to various age groups, conducting youth and adult educational sessions, and gathering and analyzing feedback. The project also includes surveying homeowners about solar energy and energy efficiency upgrades, developing strategies for potential installations, and researching workforce development opportunities in the climate sector. The final phase will involve compiling findings and submitting a comprehensive report to conclude the grant.and we have achied all of the Goals mentioned here Over 150 community members participated in this projects.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,713,306

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,713,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,704

Fundraising Expenses $0

Program Expenses $834,707

Other Expenses $345,824

TOTAL EXPENSES $900,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,713,306	$602,068	+1.8%
Expenses	$900,528	$648,395	+0.4%
Net Income	$812,778	$-46,327	-18.5%

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

Volunteers

250

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

$107,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yonas Kassie	Director	40.00	Director	$107,844	$0	$107,844
Tenaye Mohamed	Director	1.00	Director	$0	$0	$0
Alex Senai Riedlinger	Director	1.00	Director	$0	$0	$0
Nafisa Fai	President	2.00	Officer	$0	$0	$0
Tizta Gebremariam	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$1,713,306	$900,528	$933,977	$812,778
2022	$602,068	$648,395	$120,706	$-46,327
2021	$384,791	$269,807	$167,028	$114,984

Ethiopian and Eritrean Cultural and Resource Cente