International African Arts Festival Inc (EIN 112953522) - 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

1987

Legal Domicile

Principal Officer

Segun Shabaka

Phone

7186386700

Tax Period

2022-10-01 to 2023-09-30

International African Arts Festival Inc, founded in 1987, is a small nonprofit that reported $513K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

As Brooklyn's oldest and largest African Festival. The International African Arts Festival's mission is to preserve, present and celebrate the cultural traditions of African people.

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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 (2022)

Revenue Breakdown

Contributions & Grants $294,314

Program Service Revenue $209,015

Investment Income $0

Other Revenue $10,106

TOTAL REVENUE $513,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,904

Fundraising Expenses $3,000

Program Expenses $436,526

Other Expenses $461,519

TOTAL EXPENSES $517,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$513,435	$408,923	+0.3%
Expenses	$517,423	$561,867	-0.1%
Net Income	$-3,988	$-152,944	-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

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
Segun Shabaka PhD	Chairman	25.00	Officer Director	$0	$0	$0
Omare Kinsey	Treasurer	5.00	Officer Director	$0	$0	$0
Deborah Buie	Secretary	5.00	Officer Director	$0	$0	$0
Beatrice Sabir	Trustee	5.00	Director	$0	$0	$0
Adeyemi Bandele	Trustee	10.00	Director	$0	$0	$0
Clark Arrington	Trustee	2.00	Director	$0	$0	$0
Ajale' Coard	Trustee	2.00	Director	$0	$0	$0
Rahima Lee	Trustee	2.00	Director	$0	$0	$0
Duma Ndlovu	Trustee	2.00	Director	$0	$0	$0
Jumaane Jumatatu Torrence	Trustee	2.00	Director	$0	$0	$0
Damon Bware Van Zant	Trustee	2.00	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
2023	$513,435	$517,423	$66,773	$-3,988
2023	$530,435	$519,083	$107,005	$11,352
2022	$408,923	$561,867	$51,188	$-152,944
2021	$463,057	$378,247	$124,456	$84,810
2019	$395,882	$424,499	$58,888	$-28,617
2018	$382,814	$395,391	$54,591	$-12,577

International African Arts Festival Inc