WUBESHET & ASSEFA WOLDEMARIAM EDUCATION FOUNDATION

EIN: 990724466 501(c)(3) Education

LYNNWOOD, WA

Total Revenue
$212,941
Total Expenses
$479
Total Assets
$212,462
Net Assets
$212,462
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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
2024
Legal Domicile
WA
Principal Officer
DANIEL ASSEFA
Phone
2067302144
Tax Period
2024-01-01 to 2024-12-31

WUBESHET & ASSEFA WOLDEMARIAM EDUCATION FOUNDATION, founded in 2024, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2024. The organization ran a surplus of $212K, a strong 100% operating margin.

Mission

FOUNDATION IS COMMITTED TO DELIVERING ACCESSIBLE, TOP-TIER EDUCATION TO UNDERPRIVLEGED CHILDREN, EMPOWERING THEM TO OVERCOME CHALLENGES AND REACH THEIR FULLEST POTENTIAL IN VILLAGES ACROSS ETHIOPIA.

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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 $212,343
Program Service Revenue $0
Investment Income $598
Other Revenue $0
TOTAL REVENUE $212,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $479
TOTAL EXPENSES $479

Year-over-Year Comparison

2024 2023 Change
Revenue $212,941 N/A N/A
Expenses $479 N/A N/A
Net Income $212,462 N/A N/A
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
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ASSEFA President 1.00
Officer
$0 $0 $0
ELLENI GIZAW TREASURER 1.00
Officer
$0 $0 $0
ABIGAIL ASSEFA SECRETARY 1.00
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 $212,941 $479 $212,462 $212,462
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