DEBES ERITREAN ASSOCIATION (EIN 842730518) - 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

GOITOM ABSELAB

Phone

7036277075

Tax Period

2024-01-01 to 2024-12-31

DEBES ERITREAN ASSOCIATION, founded in 2019, is a small nonprofit in the Mutual Benefit sector that reported $344K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $108K, a strong 31% operating margin.

Mission

DEBES DC aims to assist the families of each deceased association member with life insurance payment paid by other members at the time of death

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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 $344,390

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,600

Fundraising Expenses $0

Program Expenses $0

Other Expenses $28,747

TOTAL EXPENSES $236,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,390	$386,320	-0.1%
Expenses	$236,607	$307,047	-0.2%
Net Income	$107,783	$79,273	+0.4%

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
Bereket Berhe	Board of Trustees	3.00	Officer	$0	$0	$0
Berhane Haile	Treasurer	3.00	Officer	$0	$0	$0
Berhane Yitbarek	Vice President	3.00	Officer	$0	$0	$0
Goitom Abselab	President	3.00	Officer	$0	$0	$0
Bethlehem Tsegai	Auditor	3.00	Officer	$0	$0	$0
Tedros Kebrom	Board of Trustees	3.00	Officer	$0	$0	$0
Mesghina Yohannes	Board of Trustees	3.00	Officer	$0	$0	$0
Yemane Yohannes	Chairperson	3.00	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
2025	No data	No data	No data	No data
2024	$344,390	$236,607	$430,099	$107,783
2024	No data	No data	No data	No data
2023	$386,320	$307,047	$322,316	$79,273
2022	$228,954	$157,773	$243,033	$71,181

DEBES ERITREAN ASSOCIATION