New Leaf Ethiopia 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

2020

Legal Domicile

Principal Officer

David Roberts

Phone

5104441173

Tax Period

2022-01-01 to 2022-12-31

New Leaf Ethiopia Foundation, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

NLEF's mission is to create sustainable improvements in health and community well-being in Ethiopia by recruiting and deploying local and international resources to support public institutions and local projects that empower individuals and communities.

Program Service Accomplishments

Program 1

Expenses: $1,769,866

Medical Equipment Donations for Life (MED4Life) - New Leaf Ethiopia Foundation (NLEF) collects and ships used medical equipment to the Amhara Region, the poorest state in Ethiopia, where it is...

Medical Equipment Donations for Life (MED4Life) - New Leaf Ethiopia Foundation (NLEF) collects and ships used medical equipment to the Amhara Region, the poorest state in Ethiopia, where it is distributed to hospitals and clinics. This includes standard equipment and basic tools such as stethoscopes, blood pressure cuffs, functioning incubators, x-ray machines, oxygen concentrators, microscopes, and refrigeration units. Only quality, functioning medical equipment and other appropriate items are sent to Ethiopia. Items such as donated shoes, eyeglasses, clothing, and sanitary hygiene kits are added to the shipping containers because these basic necessities are needed in Amhara as well. The contents of these containers are designated 'humanitarian donations' by the Ethiopian government.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,780,539

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,780,539

Expense Breakdown

Grants Paid $1,710,109

Salaries & Benefits $30,413

Fundraising Expenses $0

Program Expenses $1,769,866

Other Expenses $90,908

TOTAL EXPENSES $1,831,430

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,780,539	$3,516,731	-0.5%
Expenses	$1,831,430	$3,500,867	-0.5%
Net Income	$-50,891	$15,864	-4.2%

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

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

$28,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Simpson	President	15.00	Officer Director	$0	$0	$0
Dave Roberts	Secretary, Treasurer	5.00	Officer Director	$0	$0	$0
Dave Carlson	Director	5.00	Director	$0	$0	$0
Joe Harrington	Director	2.00	Director	$0	$0	$0
Adugnaw Worku	Director	10.00	Director	$0	$0	$0
Shellie Carlson	CEO	32.00	Officer	$28,500	$0	$28,500

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
2022	$1,780,539	$1,831,430	$2,782	$-50,891
2021	$3,516,731	$3,500,867	$23,673	$15,864