SOUTH AFRICA DEVELOPMENT FUND INC (EIN 222674813) - 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

1985

Legal Domicile

Principal Officer

HOLLY SHEPHERD

Phone

6175225511

Tax Period

2023-07-01 to 2024-06-30

SOUTH AFRICA DEVELOPMENT FUND INC, founded in 1985, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

SOUTH AFRICA DEVELOPMENT FUND, INC SUPPORTS COMMUNITY-BASED ORGANIZATIONS IN SOUTH AFRICA THAT SERVE DISADVANTAGED SECTORS.

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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 $1,462,681

Program Service Revenue $0

Investment Income $11,878

Other Revenue $0

TOTAL REVENUE $1,474,559

Expense Breakdown

Grants Paid $1,447,538

Salaries & Benefits $43,232

Fundraising Expenses $8,713

Program Expenses $1,479,669

Other Expenses $20,092

TOTAL EXPENSES $1,510,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,474,559	$1,175,980	+0.3%
Expenses	$1,510,862	$1,255,091	+0.2%
Net Income	$-36,303	$-79,111	-0.5%

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

N/A

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

$38,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY SHEPHERD	EXECUTIVE DI	40.00	Officer	$38,400	$0	$38,400
HEETEN KALAN	CHAIR	5.00	Officer Director	$0	$0	$0
MOKUBUNG NKOMO	SECRETARY	5.00	Officer Director	$0	$0	$0
NOMAZIZI SOKUDELA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PAUL STOPFORTH	TREASURER	5.00	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
2025	No data	No data	No data	No data
2024	$1,474,559	$1,510,862	$670,255	$-36,303
2023	$1,175,980	$1,255,091	$684,894	$-79,111
2022	$918,917	$1,011,780	$748,055	$-92,863
2021	$1,328,619	$1,551,880	$903,648	$-223,261
2020	$1,261,663	$1,350,164	$1,101,088	$-88,501
2019	$1,523,925	$1,541,242	$1,194,344	$-17,317
2018	$1,228,008	$1,078,532	$1,195,982	$149,476

SOUTH AFRICA DEVELOPMENT FUND INC