HORN OF AFRICA SERVICES (EIN 911897087) - 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

1994

Legal Domicile

Principal Officer

Tsegaye Gebru

Phone

2067505071

Tax Period

2023-01-01 to 2023-12-31

HORN OF AFRICA SERVICES, founded in 1994, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Provide support and advocacy services in response to health, employment, housing, education, and other social needs for East Africa refugees and immigrants from Djibouti , Ethiopia, Somalia , Eritrea and Sudan living in greater Seattle area

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,776,562

Program Service Revenue $0

Investment Income $5,634

Other Revenue $0

TOTAL REVENUE $2,782,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,025,626

Fundraising Expenses $0

Program Expenses $2,580,717

Other Expenses $750,970

TOTAL EXPENSES $2,776,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,782,196	$2,453,283	+0.1%
Expenses	$2,776,596	$2,188,523	+0.3%
Net Income	$5,600	$264,760	-1.0%

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

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

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

$180,861

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tsegaye Gebru	Executive Director	40	Director	$180,861	$0	$180,861
Aboubaker Ali	Chairman	1	Director	$0	$0	$0
Michael Niguisse	Director	1	Director	$0	$0	$0
Ahmed Abdi	Director	1	Director	$0	$0	$0
Anaji Aman	Director	1	Director	$0	$0	$0
Tekola Guyassa	Director	1	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
2024	No data	No data	No data	No data
2023	$2,782,196	$2,776,596	$2,270,049	$5,600
2022	$2,453,283	$2,188,523	$1,764,745	$264,760
2021	$1,994,251	$1,659,605	$1,655,612	$334,646
2020	$1,690,014	$1,348,017	$1,381,225	$341,997
2019	$1,291,474	$985,713	$576,773	$305,761
2018	$796,090	$698,587	$284,609	$97,503

HORN OF AFRICA SERVICES