ZAF FOUNDATION

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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

Phone

6502836624

Tax Period

2023-01-01 to 2023-12-31

ZAF FOUNDATION, founded in 2019, is a micro nonprofit in the International Affairs sector that reported $25K in total revenue in fiscal year 2023. Expenses of $86K exceeded revenue, resulting in a 241% operating deficit.

Mission

OUR MISSION IS TO THE BREAK CYCLE OF POVERTY AND LOW EXPECTATIONS THROUGH EDUCATION AND SERVICE. WE AIM TO EMPOWER YOUTH IN RURAL ETHIOPIA THROUGH EDUCATION AND SKILL ACQUISITION, WHILE ALSO INSPIRING INNER-CITY STUDENTS IN THE UNITED STATES TO EXPAND THEIR HORIZONS AND MAKE A POSITIVE IMPACT IN THE WORLD BY PARTICIPATING IN SERVICE TRIPS TO ETHIOPIA.

Program Service Accomplishments

Program 1

Expenses: $62,975

ZAF FOUNDATION (PREVIOUSLY WAJIRAT FOUNDATION) ASSESSED AND STUDIED THE IMMEDIATE NEEDS OF STUDENTS IN RURAL NORTHERN ETHIOPIA TIGRAY REGION. THE FOUNDATION WILL FUNDRAISE TO BUILD A RESTROOM AND...

ZAF FOUNDATION (PREVIOUSLY WAJIRAT FOUNDATION) ASSESSED AND STUDIED THE IMMEDIATE NEEDS OF STUDENTS IN RURAL NORTHERN ETHIOPIA TIGRAY REGION. THE FOUNDATION WILL FUNDRAISE TO BUILD A RESTROOM AND KITCHEN TO CREATE AN ENVIRONMENT THUS THE YOUNG MEN AND SPECIALLY THE YOUNG WOMEN IN SCHOOL PARTICIPATE IN SCHOOLING.

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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 $450

Program Service Revenue $2,442

Investment Income $22,417

Other Revenue $0

TOTAL REVENUE $25,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,972

Fundraising Expenses $0

Program Expenses $62,975

Other Expenses $16,362

TOTAL EXPENSES $86,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,309	N/A	N/A
Expenses	$86,334	N/A	N/A
Net Income	$-61,025	N/A	N/A

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

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLEOPATRA KIROS	President	40.00	Officer	$65,000	$0	$65,000
LISA OLSON	Director	2.00	Director	$0	$0	$0
AMBER STIME	Director	2.00	Director	$0	$0	$0
NOAH TESFAYE	Secretary	1.00	Officer Director	$0	$0	$0
KALEMWORK KEJELA	Director	2.00	Director	$0	$0	$0
PRITI KHARE	Treasurer	2.00	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	$25,309	$86,334	$150,178	$-61,025
2019	$556,981	$69,647	$494,237	$487,334