CAVE CANEM FOUNDATION 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

Formation Year

1997

Legal Domicile

Principal Officer

HAO WANG

Phone

7188580000

Tax Period

2023-01-01 to 2023-12-31

CAVE CANEM FOUNDATION INC, founded in 1997, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO CULTIVATE THE ARTISTIC AND PROFESSIONAL GROWTH OF AFRICAN AMERICAN POETS; PROMOTE PUBLIC APPRECIATION OF THE MANY VOICES OF AFRICAN AMERICAN POETRY.

Program Service Accomplishments

Program 1

Expenses: $730,071 Revenue: $0

ALL OTHER ACCOMPLISHMENTS ANNUAL RETREAT CONSISTS OF A WEEK-LONG FLAGSHIP WRITING RETREAT PROVIDING BLACK POETS THE OPPORTUNITY TO LEARN AND WRITE ALONGSIDE PEERS AND WORLD-CLASS FACULTY AT THE...

ALL OTHER ACCOMPLISHMENTS ANNUAL RETREAT CONSISTS OF A WEEK-LONG FLAGSHIP WRITING RETREAT PROVIDING BLACK POETS THE OPPORTUNITY TO LEARN AND WRITE ALONGSIDE PEERS AND WORLD-CLASS FACULTY AT THE UNIVERSITY OF PITTSBURGH AT GREENBURG, PA. PRIZES EXTEND AN AVENUE TO THE PUBLISHING SECTOR FOR BLACK POETS. AMONG OUR THREE AWARDS, THE EPONYMOUS CC POETRY PRIZE (ESTABLISHED IN 2000) IS THE MOST SIGNIFICANT AWARD, GIVEN TO A POET FOR A FULL LENGTH, DEBUT COLLECTION, ALONG WITH MONETARY SUPPLEMENT. PARTICIPATION IN CONFERENCES AND CONVENING SUCH AS AWP AND DODGE POETRY FESTIVAL. OTHER PROGRAMS INCLUDE GRANTS & RE-GRANTING AND RESIDENCES.

Program 2

Expenses: $130,601 Revenue: $0

READINGS ARE HOSTED VIRTUALLY AND IN VENUES ACROSS NEW YORK CITY. FOUR READING SERIES FEATURE RECENT PUBLICATIONS (NEW WORKS), DEBUT COLLECTIONS (FIRST BOOKS), TALKS WITH PREEMINENT POETS (IN...

READINGS ARE HOSTED VIRTUALLY AND IN VENUES ACROSS NEW YORK CITY. FOUR READING SERIES FEATURE RECENT PUBLICATIONS (NEW WORKS), DEBUT COLLECTIONS (FIRST BOOKS), TALKS WITH PREEMINENT POETS (IN CONVERSATION), AN ANNUAL SYMPOSIUM (LEGACY SERIES), AND MORE.

Program 3

Expenses: $109,674 Revenue: $0

REGIONAL WORKSHOPS ACROSS THE U.S. PROVIDE EMERGING ADULT POETS A RARE OPPORTUNITY TO RECEIVE RIGOROUS INSTRUCTION WITH ACCOMPLISHED POETS.

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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 $1,726,038

Program Service Revenue $14,250

Investment Income $6,166

Other Revenue $-1,615

TOTAL REVENUE $1,744,839

Expense Breakdown

Grants Paid $76,008

Salaries & Benefits $766,726

Fundraising Expenses $318,778

Program Expenses $970,346

Other Expenses $1,007,808

TOTAL EXPENSES $1,850,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,744,839	$1,828,809	0.0%
Expenses	$1,850,542	$1,220,736	+0.5%
Net Income	$-105,703	$608,073	-1.2%

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

$260,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN A DREXEL ESQ	SECRETARY	20.00	Officer Director	$0	$0	$0
CORNELIUS EADY	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
TYEHIMBA JESS	PRESIDENT	20.00	Officer Director	$0	$0	$0
HAO WANG	TREASURER	20.00	Officer Director	$0	$0	$0
TOI DERRICOTTE	BOARD MEMBER	1.00	Director	$0	$0	$0
KWAME DAWES	BOARD MEMBER	1.00	Director	$0	$0	$0
NOVELLA FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT POLITO	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TERI CROSS DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELISHA WILLIS	EXECUTIVE DIRECTOR	40.00	Officer	$159,934	$0	$159,934
DANTE MICHEAUX	PROGRAM DIRECTOR	40.00	Officer	$100,338	$0	$100,338

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
2024	No data	No data	No data	No data
2023	$1,744,839	$1,850,542	$1,236,470	$-105,703
2022	$1,828,809	$1,220,736	$1,340,180	$608,073
2021	$721,713	$778,885	$666,716	$-57,172
2020	$764,387	$580,344	$707,985	$184,043
2019	$381,207	$509,850	$491,757	$-128,643
2018	$463,808	$392,505	$631,161	$71,303