OROMO RESOURCE CENTER OF MINNESOTA

EIN: 851090106 501(c)(3)

Fridley, MN

Total Revenue
$569,773
Total Expenses
$562,877
Total Assets
$6,896
Net Assets
$6,896
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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
MN
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.

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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 (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

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Governance

Voting Members
5
Independent Members
N/A
Employees
10
Volunteers
5

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
1
$0
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
0
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
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