SERVE ETHIOPIANS WASHINGTON

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

2069417532

Tax Period

2024-01-01 to 2024-12-31

SERVE ETHIOPIANS WASHINGTON, founded in 2020, is a small nonprofit in the Human Services sector that reported $333K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 20% operating margin.

Mission

FOOD EQUITY FUND, HEALTH LITERACY, PORT OF SEATTLE, SEATTLE FOUNDATION CAPACITY AND WORKFORCE DEVELOPMENT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $266,379 Revenue: $332,658

FOOD EQUITY FUND, HEALTH LITERACY, PORT OF SEATTLE, SEATTLE FOUNDATION CAPACITY AND WORKFORCE DEVELOPMENT PROJECTS. SERVE EHHIOPIANS IN WASHINGTON

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $332,658

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,177

Fundraising Expenses $0

Program Expenses $266,379

Other Expenses $65,202

TOTAL EXPENSES $266,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,658	$148,756	+1.2%
Expenses	$266,379	$134,106	+1.0%
Net Income	$66,279	$14,650	+3.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

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

$92,480

Total Directors

Key Employees

$59,827

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMAYE ESHETE	EXECUTIVE DIRECTOR	35.00	Officer	$92,480	$0	$92,480
NEGESSA O DUBE	N/A	30.00	Key Emp	$27,400	$0	$27,400
GIRMA GIZAW	N/A	0.00	Key Emp	$16,098	$0	$16,098
BLEN T TEKLEMARIAM	N/A	0.00	Key Emp	$9,129	$0	$9,129
GUTEMA M EBRO	COORDINATOR	0.00	Key Emp	$7,200	$0	$7,200

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
2024	$332,658	$266,379	$116,716	$66,279
2023	$148,756	$134,106	$45,296	$14,650
2022	$244,151	$224,103	$30,381	$20,048