Canaan 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

2022

Legal Domicile

Principal Officer

Temesgen Fessehaye

Phone

4065393217

Tax Period

2025-01-01 to 2025-12-31

Canaan Foundation, founded in 2022, is a small nonprofit in the International Affairs sector that reported $216K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $323K exceeded revenue, resulting in a 50% operating deficit.

Mission

The Organization provides ongoing relief for the poor, distressed, and underprivileged, while also advancing religious training and guidance.

Program Service Accomplishments

Program 1

Expenses: $295,817 Revenue: $210,059

The Organization provided relief for the poor, distressed, and underprivileged while also advancing religious training and guidance.

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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 (2025)

Revenue Breakdown

Contributions & Grants $210,059

Program Service Revenue $0

Investment Income $5,871

Other Revenue $0

TOTAL REVENUE $215,930

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $5,113

Program Expenses $295,817

Other Expenses $317,885

TOTAL EXPENSES $322,885

Year-over-Year Comparison

	2025	2024	Change
Revenue	$215,930	$173,281	+0.2%
Expenses	$322,885	$212,727	+0.5%
Net Income	$-106,955	$-39,446	+1.7%

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

N/A

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
Temesgen Fesseaaye	President	40.00	Officer Director	$0	$0	$0
DeWin Madill	Treasurer	15.00	Officer Director	$0	$0	$0
Jerry Francisco	Director	1.00	Director	$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
2025	$215,930	$322,885	$146,629	$-106,955
2022	$364,300	$41,822	$322,478	$322,478