SOMALI INDEPENDENT BUSINESS ALLIANC

EIN: 923089642 501(c)(3) International Affairs

Seattle, WA

Total Revenue
$285,126
Total Expenses
$285,126
Total Assets
$14,120
Net Assets
$14,120
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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
WA
Principal Officer
NAFISO SAMATER
Tax Period
2025-01-01 to 2025-12-31

SOMALI INDEPENDENT BUSINESS ALLIANC, founded in 2023, is a small nonprofit in the International Affairs sector that reported $285K in total revenue in fiscal year 2025. Revenue surged 153% from the prior year, signaling strong growth momentum.

Mission

TO HELP PROVIDE SUPPORT AND GUIDANCE TO THOSE IN OUR COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $285,126
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,126

Expense Breakdown

Grants Paid $25,828
Salaries & Benefits $208,748
Fundraising Expenses $0
Program Expenses $285,126
Other Expenses $50,550
TOTAL EXPENSES $285,126

Year-over-Year Comparison

2025 2024 Change
Revenue $285,126 $112,669 +1.5%
Expenses $285,126 $98,549 +1.9%
Net Income $0 $14,120 -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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAFISO SAMATER OFFICER 0.00
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
2025 $285,126 $285,126 $14,120 No data
2024 $112,669 $98,549 $14,120 $14,120
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