AKOLA PROJECT INC

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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

SHEEBA PHILIP

Phone

2143100964

Tax Period

2020-01-01 to 2020-12-31

AKOLA PROJECT INC, founded in 2006, is a micro nonprofit that reported $24K in total revenue in fiscal year 2020.

Mission

Akola's mission is to empower women to become agents of transformation for their families and communities through economic development.

Program Service Accomplishments

Program 1

Expenses: $171,498

AKOLA PROJECT, INC. EMPOWERS WOMEN TO BECOME AGENTS OF TRANSFORMATION FOR THEIR FAMILIES AND COMMUNITIES THROUGH ECONOMIC DEVELOPMENT. AKOLA ACHIEVES THIS MISSION BY PROVIDING ON-THE-JOB VOCATIONAL TRAINING, DEPENDABLE WORK OPPORTUNITIES, AND SUPPLEMENTAL, HOLISTIC PROGRAMS FOR MARGINALIZED WOMEN AROUND THE WORLD. EQUIPPING 500+ WOMEN WITH THE RESOURCES AND SKILLS TO UPLIFT THEIR FAMILIES OUT OF EXTREME POVERTY, AKOLA IS A CATALYST OF ENTIRE COMMUNITIES BEING ECONOMICALLY DEVELOPED.AS THE FIRST FULL IMPACT BRAND IN THE LUXURY SPACE, AKOLA LEVERAGES ITS ENTIRE VALUE CHAIN TO CREATE SOCIAL IMPACT THROUGH AKOLA PRODUCTS. EVERY RAW MATERIAL IS ETHICALLY PROCURED AND, WHEN POSSIBLE, HAS A SOCIAL IMPACT. EACH AKOLA PRODUCT UNIT IS MANUFACTURED BY AKOLA CLIENTS, GIVING THEM THE OPPORTUNITY TO EARN A LIVING WAGE. ALL OF AKOLAS FINISHED GOODS ARE INVENTORIED AND DISTRIBUTED THROUGH AKOLAS DISTRIBUTION CENTER THAT IS RUN AS A SECOND-CHANCE JOB PROGRAM FOR WOMEN. FINALLY, AKOLAS PRODUCT SALES ARE REINVESTED IN THE MISSION TO GROW THE ORGANIZATION AND PROVIDE MORE OPPORTUNITIES FOR WOMEN GLOBALLY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,489

Program Service Revenue $0

Investment Income $0

Other Revenue $-26,581

TOTAL REVENUE $-24,092

Expense Breakdown

Grants Paid $171,498

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,498

Other Expenses $73,395

TOTAL EXPENSES $244,893

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-24,092	$-544,150	-1.0%
Expenses	$244,893	$670,248	-0.6%
Net Income	$-268,985	$-1,214,398	-0.8%

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

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

$249,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEEBA PHILIP	CEO	2.00	Officer	$0	$0	$249,543
SCOTT LUTTRELL	Director	2.00	Director	$0	$0	$0
ANNE MOTSENBOCKER	Director	2.00	Director	$0	$0	$0
RAWSON HAVERTY	Secretary	2.00	Officer Director	$0	$0	$0
GREG LERNIHAN	Director	2.00	Director	$0	$0	$0
BRITTANY UNDERWOOD	Chairman	2.00	Officer 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
2020	$-24,092	$244,893	No data	$-268,985
2019	$-544,150	$670,248	$1,485,057	$-1,214,398
2018	$1,474,661	$2,900,478	$5,591,164	$-1,425,817