Ethiopian Community in Seattle

EIN: 911288919 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$2,485,052
Total Expenses
$1,369,463
Total Assets
$13,999,232
Net Assets
$13,951,223
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WA
Phone
2063250304
Tax Period
2024-01-01 to 2024-12-31

Ethiopian Community in Seattle, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 45% operating margin.

Mission

Ethiopian Community in Seattle's ECS mission is to facilitate a seamless integration of all persons of Ethiopian origin into the American society. Additionally, Additionally, ECS aims to contribute to the social, cultural and civic life of the Puget Sound area as well as to assist Ethiopians and Ethiopian-Americans in preserving and sharing their ancient history and rich cultural heritage.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,382,182
Program Service Revenue $15,873
Investment Income $52,182
Other Revenue $34,815
TOTAL REVENUE $2,485,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $647,315
Fundraising Expenses $21,068
Program Expenses $733,815
Other Expenses $722,148
TOTAL EXPENSES $1,369,463

Year-over-Year Comparison

2024 2023 Change
Revenue $2,485,052 $2,151,256 +0.2%
Expenses $1,369,463 $979,946 +0.4%
Net Income $1,115,589 $1,171,310 0.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
9
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
1
$115,873
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lydia Assefa-Dawson Board President 10
Director
$0 $0 $0
Alebachew Aderagew Vice President 10
Director
$0 $0 $0
Masresha Zenebe Treasurer 10
Director
$0 $0 $0
Azeb Aberra Board Member 5
Director
$0 $0 $0
Beza Wedajo Board Member 5
Director
$0 $0 $0
Robel Alemu Board Member 5
Director
$0 $0 $0
Daniel Kebede Board Member 5
Director
$0 $0 $0
Bisrat Gebre Board Member 5
Director
$0 $0 $0
Fekadu Shibeshi Board Member 5
Director
$0 $0 $0
Woinitu Bekele Board Member 5
Director
$0 $0 $0
Sophia Benalfew Executive Director 40
Officer
$115,873 $0 $115,873
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 $2,485,052 $1,369,463 $13,999,232 $1,115,589
2023 $2,151,256 $979,946 $12,894,913 $1,171,310
2023 $2,125,471 $979,946 $12,894,913 $1,145,525
2022 $6,425,610 $757,546 $11,715,909 $5,668,064
2021 $3,965,539 $695,821 $6,035,932 $3,269,718
2020 $1,348,353 $1,347,364 $2,893,211 $989
2019 $1,405,301 $411,848 $2,818,371 $993,453
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