Develop Africa (EIN 203836551) - 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

2006

Legal Domicile

Principal Officer

Sylvester Renner

Phone

4232820006

Tax Period

2024-01-01 to 2024-12-31

Develop Africa, founded in 2006, is a small nonprofit in the International Affairs sector that reported $405K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $385K left a modest 5% surplus.

Mission

Strategically empowers lives in Africa by providing educational opportunities & strengthening self-reliance so that individuals, families, & communities can create positive change in their own lives. We provide school supplies, solar lights (so kids can study at night), mosquito nets (to keep children safe from malaria), computer/vocational training, etc.

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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 $404,643

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $404,644

Expense Breakdown

Grants Paid $145,425

Salaries & Benefits $0

Fundraising Expenses $30,427

Program Expenses $318,705

Other Expenses $239,585

TOTAL EXPENSES $385,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,644	$316,100	+0.3%
Expenses	$385,010	$336,410	+0.1%
Net Income	$19,634	$-20,310	-2.0%

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

$25,000

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Avis Dillard-Bullock	Director	2.00	Director	$0	$0	$0
Sylvester Renner	President/Executive Director	20.00	Officer Director	$25,000	$0	$25,000
Heidi Yewman	Director	1.00	Officer Director	$0	$0	$0
Susan Lang	Chair	1.00	Officer Director	$0	$0	$0
Hudson Jackson	Director	2.00	Director	$0	$0	$0
Lydia Riddle	Director	1.00	Director	$0	$0	$0
Parker Russell	Treasurer	2.00	Officer Director	$0	$0	$0
Stephanie Salt	Director	1.00	Director	$0	$0	$0
Chisom Uzosike	Secretary	1.00	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	$404,644	$385,010	$37,411	$19,634
2023	$316,100	$336,410	$32,452	$-20,310
2022	$425,056	$420,278	$43,372	$4,778
2021	$354,162	$359,837	$7,614	$-5,675
2020	$223,462	$225,564	$17,811	$-2,102
2018	$230,657	$223,852	$19,830	$6,805

Develop Africa