AKOLA PROJECT INC

EIN: 204560040 501(c)(3)

DALLAS, TX

Total Revenue
$-24,092
Total Expenses
$244,893
Total Assets
N/A
Net Assets
N/A
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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
GA
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.

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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%)

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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

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Governance

Voting Members
6
Independent Members
5
Employees
2
Volunteers
2

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
3
$249,543
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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