SOMALI EMPOWERMENT CIRCLE (EIN 881785129) - 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

2023

Legal Domicile

Principal Officer

HANNA OSMAN

Phone

5035443160

Tax Period

2024-01-01 to 2024-12-31

SOMALI EMPOWERMENT CIRCLE, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $646K in total revenue in fiscal year 2024. The organization ran a surplus of $184K, a strong 29% operating margin.

Mission

SEC PROVIDES CULTURALLY SENSITIVE MENTAL HEALTH RESOURCES, CONNECTS CLIENTS TO PROFESSIONALS, OFFERS EDUCATION, EMOTIONAL SUPPORT, PROMOTES MATERNAL HEALTH, EARLY CHILDHOLD OUTCOMES, AND ADVOCATES FOR HOUSING SECURITY FOR SOMALI REFUGEE/IMMIGRANT FAMILIES.

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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 $645,687

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $645,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,145

Fundraising Expenses $0

Program Expenses $392,113

Other Expenses $58,164

TOTAL EXPENSES $461,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,687	N/A	N/A
Expenses	$461,309	N/A	N/A
Net Income	$184,378	N/A	N/A

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

$140,382

Total Directors

$22,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNA OSMAN	CO-EX DIRECTOR	40.00	Officer	$71,926	$0	$71,926
HAMDI ABDULLAHI	CO-EX DIRECTOR	40.00	Officer	$45,956	$0	$45,956
ERICA WU	Secretary	10.00	Officer Director	$7,500	$0	$7,500
BALKHIIS NOOR	Treasurer	10.00	Officer Director	$7,500	$0	$7,500
FARHIYA JEITE	Chairman	10.00	Officer Director	$7,500	$0	$7,500

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
2024	$645,687	$461,309	$214,573	$184,378

SOMALI EMPOWERMENT CIRCLE