Somali Health Board
EIN: 465114580 · Seattle, WA · NTEE: P84
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Net Assets | $545K |
Is Somali Health Board Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somali Health Board
Somali Health Board (EIN: 465114580) is a nonprofit organization based in Seattle, WA, classified under NTEE code P84. The organization reported total revenue of $2.9M and total assets of $932K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somali Health Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somali Health Board is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 64.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-226,758 |
| Total Assets | $673K |
| Total Liabilities | $128K |
| Net Assets | $545K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Somali Health Board reported a deficit of $227K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Somali Health Board's revenue has grown at a compound annual growth rate (CAGR) of 64.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.8% | -27.7% | -21.2% |
| 2022 | +16.5% | +60.8% | -50.0% |
| 2021 | +40.1% | +46.1% | +60.7% |
| 2020 | -10.5% | +4.0% | +43.0% |
| 2019 | +104.2% | +81.7% | +117.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somali Health Board has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somali Health Board with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $227K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.0%.
Frequently Asked Questions about Somali Health Board
Is Somali Health Board a legitimate charity?
Somali Health Board (EIN: 465114580) is a registered tax-exempt nonprofit based in Washington. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: B.
How does Somali Health Board spend its money?
Somali Health Board reported $2.9M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Somali Health Board tax-deductible?
Somali Health Board is registered as a tax-exempt nonprofit (EIN: 465114580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somali Health Board located?
Somali Health Board is headquartered in Seattle, Washington and files with the IRS under EIN 465114580. It is classified under NTEE code P84.
How many years of IRS 990 filings does Somali Health Board have?
Somali Health Board has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
Filing History
IRS 990 filing history for Somali Health Board showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Somali Health Board's revenue has grown by 8842.7%, moving from $26K to $2.4M. Total assets increased by 263758.4% over the same period, from $255 to $673K. Total functional expenses rose by 9797.1%, from $26K to $2.6M. In its most recent filing year (2023), Somali Health Board reported a deficit of $227K, with expenses exceeding revenue. The organization holds $128K in liabilities against $673K in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $545K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.6M | $673K | $128K | — | — |
| 2022 | $2.8M | $3.6M | $853K | $81K | — | — |
| 2021 | $2.4M | $2.2M | $1.7M | $276K | — | View 990 |
| 2020 | $1.7M | $1.5M | $1.1M | $86K | — | — |
| 2019 | $1.9M | $1.5M | $743K | $0 | — | View 990 |
| 2018 | $930K | $807K | $341K | $0 | — | View 990 |
| 2017 | $416K | $310K | $138K | $0 | — | View 990 |
| 2016 | $137K | $72K | $62K | $924 | — | View 990 |
| 2015 | $87K | $51K | $43K | $7K | — | View 990 |
| 2014 | $26K | $26K | $255 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.6M, and assets of $673K (revenue -14.8% year-over-year).
- 2022: Revenue of $2.8M, expenses of $3.6M, and assets of $853K (revenue +16.5% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.2M, and assets of $1.7M (revenue +40.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $1.1M (revenue -10.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.5M, and assets of $743K (revenue +104.2% year-over-year).
- 2018: Revenue of $930K, expenses of $807K, and assets of $341K (revenue +123.5% year-over-year).
- 2017: Revenue of $416K, expenses of $310K, and assets of $138K (revenue +203.1% year-over-year).
- 2016: Revenue of $137K, expenses of $72K, and assets of $62K (revenue +57.1% year-over-year).
- 2015: Revenue of $87K, expenses of $51K, and assets of $43K (revenue +230.8% year-over-year).
- 2014: Revenue of $26K, expenses of $26K, and assets of $255.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somali Health Board:
Data Sources and Methodology
This transparency report for Somali Health Board is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.