MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA
ADC'S CULTURALLY COMPETENT BUSINESS DEVELOPMENT SERVICES AND ITS PARTNERSHIPS WITH CRUCIAL FUNDING SOURCES HAVE DIRECTLY CONTRIBUTED TO THE SURGE IN AFRICAN-OWNED BUSINESSES THROUGHOUT MINNESOTA. IN...
ADC'S CULTURALLY COMPETENT BUSINESS DEVELOPMENT SERVICES AND ITS PARTNERSHIPS WITH CRUCIAL FUNDING SOURCES HAVE DIRECTLY CONTRIBUTED TO THE SURGE IN AFRICAN-OWNED BUSINESSES THROUGHOUT MINNESOTA. IN ADDITION TO ONGOING TECHNICAL ASSISTANCE, ADC HAS AN ENTREPRENEURIAL TRAINING CLASS FOR CLIENTS LOOKING TO START A COMPLETELY NEW BUSINESS. ADC MADE 74 LOANS IN 2024 WITH A TOTAL APPROVED LOAN AMOUNT OF $7,439,029 AND THEY LEVERAGED OVER $10 MILLION. FROM OUR 2024 LOANS, 178.5 JOBS HAVE BEEN RETAINED AND 133 NEW JOBS HAVE BEEN CREATED. THE GREAT MAJORITY OF THESE LOANS AND JOBS CREATED AND RETAINED ARE BLACK-OWNED AND OPERATED SMALL BUSINESSES. 96% OF OUR LOAN DOLLARS WENT TO BLACK-OWNED BUSINESSES AND 47% WENT TO WOMEN-OWNED BUSINESSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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