AFRICAN DEVELOPMENT CENTER (EIN 200553370) - 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

2002

Legal Domicile

Principal Officer

NASIBU SAREVA

Phone

6123334772

Tax Period

2024-01-01 to 2024-12-31

AFRICAN DEVELOPMENT CENTER, founded in 2002, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2.8M, a strong 60% operating margin.

Mission

GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,057,277

Program Service Revenue $1,434,968

Investment Income $111,727

Other Revenue $0

TOTAL REVENUE $4,603,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $906,599

Fundraising Expenses $49,747

Program Expenses $1,619,958

Other Expenses $932,653

TOTAL EXPENSES $1,839,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,603,972	$5,205,910	-0.1%
Expenses	$1,839,252	$1,688,397	+0.1%
Net Income	$2,764,720	$3,517,513	-0.2%

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

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

$367,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO ANN VANO	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
LEAH MTEGHA	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
UBAH ALI JAMA	DIRECTOR	1.00	Director	$0	$0	$0
DAIKA ISMAIL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STINSON	DIRECTOR	1.00	Director	$0	$0	$0
KAADE WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN MIGIRO	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE W NORDIN	DIRECTOR	1.00	Director	$0	$0	$0
DAMON JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BROPHY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN WOLD	DIRECTOR	1.00	Director	$0	$0	$0
NASIBU SAREVA	CEO	50.00	Officer	$201,711	$28,881	$230,592
FELICIA RAVELOMANATSOA	CFO	50.00	Officer	$123,725	$13,488	$137,213

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	$4,603,972	$1,839,252	$24,797,186	$2,764,720
2023	$5,205,910	$1,688,397	$21,723,388	$3,517,513
2022	$4,002,961	$2,168,783	$17,752,149	$1,834,178
2021	$5,342,165	$1,575,452	$18,157,519	$3,766,713
2020	$3,230,798	$1,152,266	$11,261,326	$2,078,532
2019	$1,243,063	$1,040,393	$6,193,772	$202,670
2018	$1,157,798	$952,278	$6,072,582	$205,520

AFRICAN DEVELOPMENT CENTER