The Kwame Nkrumah Academy Inc

EIN: 113820444 501(c)(3)

CHICAGO, IL

Total Revenue
$2,045,626
Total Expenses
$2,063,011
Total Assets
$2,903,861
Net Assets
$-158,215
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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

Principal Officer
David Ireland
Phone
7735688000
Tax Period
2017-07-01 to 2018-06-30

The Kwame Nkrumah Academy Inc is a community nonprofit that reported $2.0M in total revenue in fiscal year 2017. Revenue decreased 15% compared to the prior year.

Mission

Provides charitable, educational, and literary activities and gives supportive and necessary services to Chicago Public Schools Students/

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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 (2017)

Revenue Breakdown

Contributions & Grants $2,045,626
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,045,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,427,401
Fundraising Expenses $0
Program Expenses $2,063,011
Other Expenses $635,610
TOTAL EXPENSES $2,063,011

Year-over-Year Comparison

2017 2016 Change
Revenue $2,045,626 $2,394,445 -0.1%
Expenses $2,063,011 $2,891,844 -0.3%
Net Income $-17,385 $-497,399 -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
9
Independent Members
9
Employees
46
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Edwards Secretary 5
Director
$0 $0 $0
Dr Carruthers President 5
Director
$0 $0 $0
Rev Wright Vice-President 1
Director
$0 $0 $0
Mrs Wilson Treasurer 2
Director
$0 $0 $0
Dr Brown Director 1
Director
$0 $0 $0
Mr Burroughs Director 1
Director
$0 $0 $0
T Thurman Director 1
Director
$0 $0 $0
Dr Blackman Director 2
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
2018 $2,045,626 $2,063,011 $2,903,861 $-17,385
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