FOUNDATION FOR HEALTH AND DEVELOPMENT OF AFRICA (EIN 142002886) - 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

2007

Legal Domicile

Principal Officer

JON FREEMAN

Phone

4085570700

Tax Period

2022-01-01 to 2022-12-31

FOUNDATION FOR HEALTH AND DEVELOPMENT OF AFRICA, founded in 2007, is a small nonprofit that reported $317K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $287K left a modest 9% surplus.

Mission

TO SOLICIT CONTRIBUTIONS IN THE UNITED STATES AND ELSEWHERE TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF AMERICAN UNIVERSITY OF NIGERIA (THE"UNIVERSITY"), A CHARITABLE AND EDUCATIONAL ORGANIZATION ORGANIZED UNDER THE LAWS OF NIGERIA, AND ANY OTHER ORGANIZATION WORLDWIDE WHICH ARE CURRENTLY ORGANIZED AND OPERATED EXCLUSIVELY TO PROMOTE LANGUAGE, ARTS, SCIENCE, INFORMATION TECHNOLOGY AND RESEARCH BY CONFERRING DEGREES AND OTHERWISE AIDING IN THE DEVELOPMENT AND FORMATION OF THE CHARACTER OF THE POPULATION SERVED SO LONG AS THOSE ACTIVITIES REMAIN ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

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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 $316,505

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,505

Expense Breakdown

Grants Paid $277,480

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,480

Other Expenses $9,268

TOTAL EXPENSES $286,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$316,505	$280,750	+0.1%
Expenses	$286,748	$285,135	+0.0%
Net Income	$29,757	$-4,385	-7.8%

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

N/A

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
DR WILLIAM BERTRAND	SECRETARY	1.00	Officer Director	$0	$0	$0
JON FREEMAN	TREASURER	1.00	Officer	$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
2022	$316,505	$286,748	$38,913	$29,757
2021	$280,750	$285,135	$9,156	$-4,385
2020	$280,339	$324,470	$13,541	$-44,131
2019	$339,150	$331,772	$57,672	$7,378
2018	$344,080	$390,708	$50,294	$-46,628

FOUNDATION FOR HEALTH AND DEVELOPMENT OF AFRICA