Mihret Medical Supply GroupInc (EIN 832313508) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Tilahun Goshu

Phone

5408209211

Tax Period

2023-01-01 to 2023-12-31

Mihret Medical Supply GroupInc, founded in 2018, is a small nonprofit in the International Affairs sector that reported $336K in total revenue in fiscal year 2019. The organization ran a surplus of $329K, a strong 98% operating margin.

Mission

Promoting and facilitating the collection and distribition of quality Medical equipments and medicines worldwide to humanitarian entities. Strengthening Health Care Facilities, Family Farms, Micro Enterprise, Social and Spiritual Organizations, and Education projects in under served countries through direct aid, training and Scholarships.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,612,139

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,612,139

Expense Breakdown

Grants Paid $1,212,649

Salaries & Benefits $47,708

Fundraising Expenses $0

Program Expenses $1,474,925

Other Expenses $299,965

TOTAL EXPENSES $1,560,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,612,139	$1,929,084	-0.2%
Expenses	$1,560,322	$2,307,398	-0.3%
Net Income	$51,817	$-378,314	-1.1%

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
Tilahun	Goshu	N/A	Director	$0	$0	$0
Lemlem	Woldemichael	N/A	Director	$0	$0	$0
Hiwot	Wolde Dagnachew	N/A	Officer	$0	$0	$0
Mark	Smith	N/A	Director	$0	$0	$0
Dr Yilikal	Goshu	N/A	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
2023	$1,612,139	$1,560,322	$678,048	$51,817
2022	$1,929,084	$2,307,398	$369,374	$-378,314
2021	$5,710,148	$5,417,533	$743,818	$292,615
2020	$1,044,358	$914,522	$460,057	$129,836
2019	$335,570	$6,524	$333,615	$329,046

Mihret Medical Supply GroupInc