AFRICAN FILM FESTIVALINC (EIN 133718505) - 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

1990

Legal Domicile

Principal Officer

MAHEN BONETTI

Phone

2123521720

Tax Period

2023-07-01 to 2024-06-30

AFRICAN FILM FESTIVALINC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $387K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO USE AFRICAN CINEMA TO PROMOTE AND INCREASE KNOWLEDGE AND UNDERSTANDING OF AFRICAN ARTS, LITERATURE AND CULTURE; TO DEVELOP AN AUDIENCE FOR AFRICAN FLIM; TO EXPAND THE OPPORTUNITIES FOR THE DISTRIBUTION OF AFRICAN FILMS IN THE UNITED STATES AND ABROAD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,183

Program Service Revenue $146,442

Investment Income $0

Other Revenue $0

TOTAL REVENUE $386,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,699

Fundraising Expenses $24,095

Program Expenses $368,316

Other Expenses $415,627

TOTAL EXPENSES $419,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,625	$473,315	-0.2%
Expenses	$419,326	$5,162	+80.2%
Net Income	$-32,701	$468,153	-1.1%

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAHEN BONETTI	DIRECTOR/EXECUTIVE DIRECTOR	35.00	Officer Director	$3,000	$0	$3,000
FRANCIS BAFFOUR	DIRECTOR	0.50	Director	$0	$0	$0
RUDOLF GEDEON	DIRECTOR	0.50	Director	$0	$0	$0
ANGELIQUE KIDJO	DIRECTOR	0.50	Director	$0	$0	$0
DANIELLE NICHOLSON	DIRECTOR	0.50	Director	$0	$0	$0
MAMADOU NIANG	DIRECTOR	0.50	Director	$0	$0	$0
CAROL THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
NEAL PILZER	DIRECTOR	0.50	Director	$0	$0	$0
WENDY BEERS	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$386,625	$419,326	$32,784	$-32,701
2023	$473,315	$463,585	$66,790	$9,730
2022	$327,899	$382,115	$55,637	$-54,216
2021	$189,087	$225,141	$108,026	$-36,054
2020	$247,555	$187,162	$144,080	$60,393
2019	$256,534	$190,945	$86,623	$65,589

AFRICAN FILM FESTIVALINC