ERITREAN COMMUNITY IN SEATTLE & VICINITY (EIN 911230960) - 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

1983

Principal Officer

RAHWA ZERAI

Phone

2063231154

Tax Period

2024-01-01 to 2024-12-31

ERITREAN COMMUNITY IN SEATTLE & VICINITY, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $308K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 24% operating margin.

Mission

THE MISSION OF THE ERITREAN COMMUNITY OF SEATTLE & VICINITY IS TO PROMOTE THROUGH ITS MEMBERS THE SOCIAL, CULTURAL AND ECONOMIC INTEREST OF ERITREANS AND OTHER INTERESTED PARTIES IN SEATTLE & VICINITY.

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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 $227,101

Program Service Revenue $80,605

Investment Income $7

Other Revenue $0

TOTAL REVENUE $307,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $23,672

Program Expenses $177,832

Other Expenses $144,716

TOTAL EXPENSES $234,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,713	$200,414	+0.5%
Expenses	$234,301	$296,290	-0.2%
Net Income	$73,412	$-95,876	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YONATAN GEBREYESUS	PROGRAM COOR	10.00	Director	$0	$0	$0
AKALU GEBREZGHI	PROPERTY MAN	10.00	Director	$0	$0	$0
ROBEL OKUNAMLAK	PROGRAM COOR	10.00	Director	$0	$0	$0
ELSA TESFAI	PROGRAM COOR	10.00	Director	$0	$0	$0
YODIT HAGOS	PRESIDENT	10.00	Officer	$0	$0	$0
YORDANOS KIFLE	SECRETARY	10.00	Officer	$0	$0	$0
RAHWA ZERAI	CO - TREASUR	10.00	Officer	$0	$0	$0
SEREKE ZERAI	CO - TREASUR	10.00	Officer	$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
2024	$307,713	$234,301	$359,075	$73,412
2023	$200,414	$296,290	$296,036	$-95,876
2022	$117,959	$151,175	$389,273	$-33,216
2021	$81,900	$126,195	$412,072	$-44,295
2020	$405,339	$273,734	$445,432	$131,605
2019	$134,872	$219,820	$301,029	$-84,948

ERITREAN COMMUNITY IN SEATTLE & VICINITY