OROMO RESOURCE CENTER OF MINNESOTA

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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

Principal Officer

Arif Bakar

Phone

7635684659

Tax Period

2021-01-01 to 2021-12-31

OROMO RESOURCE CENTER OF MINNESOTA, founded in 2020, is a small nonprofit that reported $570K in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year.

Mission

The mission of Oromo Resource Center of Minnesota is to help the Oromo Immigrant Community with the necessary resources and services in order for them to settle, learn, and work in MN to succeed in their dreams of becoming a productive part of the society.

Program Service Accomplishments

Program 1

Expenses: $562,877 Revenue: $569,772

We have served about 1000 kids, which is about 400 families to get the following: 1) Assistance with unemployment applications 2) Assistance with P-EBT applications 3) Assistance with Regular food...

We have served about 1000 kids, which is about 400 families to get the following: 1) Assistance with unemployment applications 2) Assistance with P-EBT applications 3) Assistance with Regular food stamp (now knows as SNAP) applications 4) Assistance with Cash Assistance applications 5) Assistance with Medical Insurance applications 6) Assistance with Rental help applications 7) Assistance with Summer, child, and Adult Food Program 8) Assistance with Covid-19 outreach and education

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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 (2021)

Revenue Breakdown

Contributions & Grants $569,773

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $569,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,722

Fundraising Expenses $0

Program Expenses $562,877

Other Expenses $205,155

TOTAL EXPENSES $562,877

Year-over-Year Comparison

	2021	2020	Change
Revenue	$569,773	$629,823	-0.1%
Expenses	$562,877	$581,074	0.0%
Net Income	$6,896	$48,749	-0.9%

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

N/A

Employees

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
Abdala Yusuf	Treasurer	1	Officer	$0	$0	$0
Esmael Abagero	Chairman	1	Key Emp	$0	$0	$0
Worku Denta	Secretary	1	Key Emp	$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
2021	$569,773	$562,877	$6,896	$6,896