AKADEMIC FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DELORES MCKINLEY

Phone

9544013800

Tax Period

2023-01-01 to 2023-12-31

AKADEMIC FOUNDATION INC, founded in 2002, is a micro nonprofit in the Education sector that reported $72K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 25% operating deficit.

Mission

PURPOSE NBSP;OF NBSP;AWARDING NBSP;SCHOLARSHIP NBSP;TO NBSP;DESERVING NBSP;HIGH NBSP;SCHOOL NBSP;SENIORS NBSP;IN NBSP;THE NBSP;BROWARD NBSP;COUNTY NBSP;AREA NBSP;IN NBSP;ADDITION NBSP;TO NBSP;ITS NBSP;SCHOLARSHIP NBSP;ENDEAVORS NBSP;THE NBSP;FOUNDATION NBSP;PROVIDES NBSP;FINANCIAL NBSP;AND NBSP;IN-KIND NBSP;SUPPORT NBSP;IN NBSP;COMMUNITY NBSP;SERVICE NBSP;FAMILY NBSP;ENRICHMENT NBSP;HEALTH NBSP;AWARENESS NBSP;ECONOMIC NBSP;EMPOWERMENT NBSP;AND NBSP;VARIOUS NBSP;YOUTH NBSP;ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $52,587 Revenue: $52,587

SCHOLARSHIPS

Program 2

Expenses: $8,504 Revenue: $8,504

PROGRAMS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,390

Program Service Revenue $33,783

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,140

Program Expenses $61,091

Other Expenses $89,965

TOTAL EXPENSES $89,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,173	$161,929	-0.6%
Expenses	$89,965	$105,815	-0.1%
Net Income	$-17,792	$56,114	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANDRA YOUNG-WHITING	DIRECTOR	002.00	Director	$0	$0	$0
ELIZABETH PINNOCK-CHAMBERS	TREASURER	002.00	Officer	$0	$0	$0
DELORES MCKINLEY	PRESIDENT	002.00	Officer	$0	$0	$0
SHAKIRA GARY	SECRETARY	002.00	Officer	$0	$0	$0
JAMIE POLLOCK	ASST. TREASURER	002.00	Officer	$0	$0	$0
KARLENE CHUNG-HOGG	ASST. SECRETARY	001.00	Officer	$0	$0	$0
DESTINY DEJESUS	VICE PRESIDENT	001.00	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
2023	$72,173	$89,965	$109,137	$-17,792
2022	$161,929	$105,815	$175,587	$56,114
2021	$68,074	$49,613	$121,536	$18,461
2020	$107,815	$55,433	$119,803	$52,382
2019	$174,469	$33,783	$197,199	$140,686