INDEGO AFRICA PROJECT

EIN: 205874831 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$502,791
Total Expenses
$553,096
Total Assets
$232,537
Net Assets
$155,784
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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
NY
Principal Officer
SUWHA HONG
Phone
7184339732
Tax Period
2023-01-01 to 2023-12-31

INDEGO AFRICA PROJECT, founded in 2006, is a small nonprofit in the International Affairs sector that reported $503K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $553K exceeded revenue, resulting in a 10% operating deficit.

Mission

INDEGO AFRICA PROJECT, A NON-PROFIT ORGANIZATION, HAS BEEN PROPELLING THE CREATION, GROWTH, AND SUSTAINABILITY OF WOMEN-OWNED BUSINESSES IN AFRICA SINCE 2007, PROVIDING EMPLOYMENT THROUGH A GLOBAL MARKET FOR THEIR HANDMADE PRODUCTS AND INVESTING IN THEIR EDUCATION. OVER 2,500 ARTISANS HAVE PARTNERED WITH INDEGO AFRICA SINCE ITS INCEPTION. WHAT BEGAN AS A MODEL TO EMPOWER AND EDUCATE WOMEN IN POST-GENEOCIDE RWANDA, HAS GROWN INTO A COMMITMENT TO HELP WOMEN, YOUTH, AND REFUGEES ACROSS AFRICA BECOME SUCCESSFUL ENTREPRENEURS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $427,715
Program Service Revenue $0
Investment Income $11
Other Revenue $75,065
TOTAL REVENUE $502,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $343,110
Fundraising Expenses $20,277
Program Expenses $498,313
Other Expenses $209,986
TOTAL EXPENSES $553,096

Year-over-Year Comparison

2023 2022 Change
Revenue $502,791 $616,422 -0.2%
Expenses $553,096 $547,208 +0.0%
Net Income $-50,305 $69,214 -1.7%
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
16
Independent Members
15
Employees
7
Volunteers
16

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
6
$68,332
Total Directors
16
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN YELICK CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$15,000 $0 $15,000
JOSEPH OWENS CHIEF FINANCIAL OFFICER/TREASURER 20.00
Officer Director
$0 $0 $0
MATTHEW MITRO CHAIRMAN 10.00
Officer Director
$0 $0 $0
CHRISTOPHER BIROSAK VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
RYAN LESTER SECRETARY 5.00
Officer Director
$0 $0 $0
LYNDSAY ABRAMS TRUSTEE 5.00
Director
$0 $0 $0
JARAMOGI ADAMS TRUSTEE 5.00
Director
$0 $0 $0
STEPHEN FORESTA TRUSTEE 5.00
Director
$0 $0 $0
CONOR FRENCH TRUSTEE 5.00
Director
$0 $0 $0
HELEN GUGLE TRUSTEE 5.00
Director
$0 $0 $0
ALEXANDRA KENNEDY TRUSTEE 5.00
Director
$0 $0 $0
SIERRA VISHER KROHA TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH LYNCH TRUSTEE 5.00
Director
$0 $0 $0
PUNEET MANSHARAMANI TRUSTEE 5.00
Director
$0 $0 $0
DANIEL SACKS TRUSTEE 5.00
Director
$0 $0 $0
SELOM TETTEH TRUSTEE 5.00
Director
$0 $0 $0
SAPNA SHAH CHIEF OPERATING OFFICER 40.00
Officer
$53,332 $0 $53,332
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 $502,791 $553,096 $232,537 $-50,305
2022 $616,422 $547,208 $306,064 $69,214
2021 $499,370 $505,366 $236,777 $-5,996
2020 $501,507 $473,865 $244,541 $27,642
2019 $521,353 $551,442 $199,508 $-30,089
2018 $519,257 $529,108 $187,528 $-9,851
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