AFRICAN AMERICAN FUND OF NEW JERSE… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

CHARLES CRAIG

Phone

9735402176

Tax Period

2023-01-01 to 2023-12-31

AFRICAN AMERICAN FUND OF NEW JERSEY INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 26% operating margin.

Mission

THE OBJCTIVE OF AAF IS TO ENABLE INDIVIDUALS TO HELP THEMSELVES CREATE A BETTER SENCE OF SELF, IDENTITY, AND ULTIMETELY SELF SUFFICIENCY

Program Service Accomplishments

Program 1

Expenses: $15,778

EDUCATION PROGRAM IS ONE OF THE MAJOR PROGRAMS OF THE AGENCY. THIS AGENCY WORKS WITH VARIOUS ORGANIZATIONS THAT HAVE EDEUCATION AS ONE OF THE PRIMARY GOALS FOR INNER YOUTH DEVELOPMENT. THE SYNERGY...

EDUCATION PROGRAM IS ONE OF THE MAJOR PROGRAMS OF THE AGENCY. THIS AGENCY WORKS WITH VARIOUS ORGANIZATIONS THAT HAVE EDEUCATION AS ONE OF THE PRIMARY GOALS FOR INNER YOUTH DEVELOPMENT. THE SYNERGY GAINED IN THE PROCESS IS FOR THE BETTERMENT OF THE YOUTH AND THE COMMUNITY.

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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 $175,002

Program Service Revenue $0

Investment Income $0

Other Revenue $46,492

TOTAL REVENUE $221,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,454

Program Expenses $15,778

Other Expenses $164,050

TOTAL EXPENSES $164,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,494	$99,877	+1.2%
Expenses	$164,050	$94,572	+0.7%
Net Income	$57,444	$5,305	+9.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	001.00	Officer Director	$0	$0	$0
N/A	TREAS	002.00	Officer Director	$0	$0	$0
N/A	MEMBER	001.00	Director Highest	$0	$0	$0
N/A	MEMBER	001.00	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	$221,494	$164,050	$658,267	$57,444
2022	$99,877	$94,572	$600,823	$5,305

AFRICAN AMERICAN FUND OF NEW JERSEY INC