ERITREAN DEBES ORGANIZATION SEATTLE

EIN: 832187896 501(c)(3) Human Services

SEATTLE, WA

Total Revenue
$32,492
Total Expenses
$9,068
Total Assets
$330,633
Net Assets
$330,633
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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
2020
Legal Domicile
WA
Tax Period
2023-01-01 to 2023-12-31

ERITREAN DEBES ORGANIZATION SEATTLE, founded in 2020, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23K, a strong 72% operating margin.

Mission

FUNERAL ASSISTANCE

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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 $32,492
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $32,492

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,268
Other Expenses $9,068
TOTAL EXPENSES $9,068

Year-over-Year Comparison

2023 2022 Change
Revenue $32,492 $299,177 -0.9%
Expenses $9,068 $165,898 -0.9%
Net Income $23,424 $133,279 -0.8%
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
5
Independent Members
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIAS GERELASSIE CHAIRMAN 3.00
Officer
$0 $0 $0
MESGHINA BAHTA SECRETARY 5.00
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
2023 $32,492 $9,068 $330,633 $23,424
2022 $299,177 $165,898 $307,209 $133,279
2021 $279,866 $105,936 $173,930 $173,930
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