HARAMBEE INSTITUTE INC

EIN: 231995275 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$112,509
Total Expenses
$105,418
Total Assets
$434,318
Net Assets
$34,455
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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
1976
Legal Domicile
PA
Principal Officer
TONYA SKIEF
Tax Period
2020-07-01 to 2021-06-30

HARAMBEE INSTITUTE INC, founded in 1976, is a small nonprofit that reported $113K in total revenue in fiscal year 2020. Revenue surged 5157% from the prior year, signaling strong growth momentum. Expenses of $105K left a modest 6% surplus.

Mission

EDUCATIONAL

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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 $0
Program Service Revenue $0
Investment Income $112,509
Other Revenue $0
TOTAL REVENUE $112,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,000
Fundraising Expenses $0
Program Expenses $78,057
Other Expenses $87,418
TOTAL EXPENSES $105,418

Year-over-Year Comparison

2020 2019 Change
Revenue $112,509 $2,140 +51.6%
Expenses $105,418 $263,566 -0.6%
Net Income $7,091 $-261,426 -1.0%
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
3
Independent Members
3
Employees
N/A
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
3
$18,000
Total Directors
3
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY KING VP ASST SECRETARY 002.00
Officer Director
$18,000 $0 $18,000
TONYA SKIEF PRESIDENT 002.00
Officer Director
$0 $0 $0
ADESHOLA ADEKUNLE TREASURER SECRETARY 000.25
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
2021 $112,509 $105,418 $434,318 $7,091
2020 $2,140 $263,566 $203,767 $-261,426
2019 $151,078 $521,722 $213,127 $-370,644
2018 $70,502 $193,701 $583,771 $-123,199
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