The Kwame Nkrumah Academy Inc

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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

Kwame Nkrumah Academy KNA is organized for charitable, educational, and literary purposes to provide supportive and necessary services to Chicago Public School students.

Program Service Accomplishments

Program 1

Expenses: $2,063,011

Kwame Nkrumah Academy KNA is organized for charitable, educational,

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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 (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

Governance

Voting Members

Independent Members

Employees

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
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