AMERICAN FRIENDS OF LE KORSA INC (EIN 203279061) - 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

2005

Legal Domicile

Principal Officer

NICHOLAS FOX WEBER

Phone

2033931006

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF LE KORSA INC, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 14% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE OF PEOPLE IN SENEGAL BY COLLABORATING WITH LOCAL LEADERS, EXPERTS, AND INSTITUTIONS TO PROVIDE THEM WITH THE FINANCIAL RESOURCES THEY NEED TO SUCCEED AND SUPPORT THEIR COMMUNITIES. WE WORK IN THE AREAS OF EDUCATION, HEALTHCARE, CULTURE, THE ENVIRONMENT, AND AGRICULTURE.

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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 $2,302,713

Program Service Revenue $0

Investment Income $36,281

Other Revenue $0

TOTAL REVENUE $2,338,994

Expense Breakdown

Grants Paid $607,927

Salaries & Benefits $0

Fundraising Expenses $37,857

Program Expenses $1,871,346

Other Expenses $1,393,228

TOTAL EXPENSES $2,001,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,338,994	$2,188,626	+0.1%
Expenses	$2,001,155	$1,884,602	+0.1%
Net Income	$337,839	$304,024	+0.1%

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

N/A

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

$76,277

Total Directors

$76,277

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS FOX WEBER	PRESIDENT	10.00	Officer Director	$0	$0	$0
PATRICK DEWAVRIN	SECRETARY	2.00	Officer Director	$0	$0	$0
LOUIS VALENTIN	TREASURER	20.00	Officer Director	$0	$76,277	$76,277
MELANIE NIEMIEC	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$2,338,994	$2,001,155	$2,365,007	$337,839
2022	$2,188,626	$1,884,602	$1,896,163	$304,024
2021	$1,924,806	$2,209,351	$1,815,788	$-284,545
2020	$2,251,366	$2,227,022	$2,034,089	$24,344

AMERICAN FRIENDS OF LE KORSA INC