WONFEL AID INC (EIN 825235385) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Teferi Abera

Phone

4082186904

Tax Period

2024-01-01 to 2024-12-31

WONFEL AID INC, founded in 2019, is a community nonprofit in the International Affairs sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

The corporation is a charitable organization with the general pupose of benefiting the underprevillaged Amhara community within or outside of Ethiopia.Poverty reduction;access to education & health;protecting socail values are orgs goal.

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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 $1,131,725

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,131,725

Expense Breakdown

Grants Paid $1,380,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,380,976

Other Expenses $9,670

TOTAL EXPENSES $1,390,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,131,725	$1,600,347	-0.3%
Expenses	$1,390,646	$1,460,831	0.0%
Net Income	$-258,921	$139,516	-2.9%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
TEGEGNE ZEWDIE	BOD	N/A	Officer	$0	$0	$0
KONJO YESHITILA	BOD	N/A	Officer	$0	$0	$0
YINGES YIGZAW	BOD	N/A	Officer	$0	$0	$0
FIKER MEKONNEN	BOD	N/A	Officer	$0	$0	$0
SELAMAWIT WOLDEMICHAEL	BOD	N/A	Officer	$0	$0	$0
HERUY EJIGU	BOD	N/A	Officer	$0	$0	$0
SAMACHEW ALEMNEH	BOD	N/A	Officer	$0	$0	$0
METTI MULUGETA	BOD	N/A	Officer	$0	$0	$0
MIGBAR TILAHUN	BOD	N/A	Officer	$0	$0	$0
TEFERI ABERE	BOD	N/A		$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	$1,131,725	$1,390,646	$416,965	$-258,921
2023	$1,600,347	$1,460,831	No data	$139,516
2022	$1,808,151	$2,297,594	No data	$-489,443
2021	$2,466,441	$1,574,931	No data	$891,510
2020	No data	$116,857	No data	No data
2020	$277,338	$116,857	No data	$160,481

WONFEL AID INC