ODUNDE Inc

EIN: 232311811 501(c)(3) Arts, Culture & Humanities

Philadelphia, PA

Total Revenue
$493,610
Total Expenses
$340,860
Total Assets
$534,377
Net Assets
$519,562
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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
1975
Legal Domicile
PA
Principal Officer
Oshunbumi Fernandez
Phone
2673204364
Tax Period
2023-07-01 to 2024-06-30

ODUNDE Inc, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $494K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 31% operating margin.

Mission

To provide cultural awareness.

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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 $410,175
Program Service Revenue $83,430
Investment Income $5
Other Revenue $0
TOTAL REVENUE $493,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,654
Fundraising Expenses $16,174
Program Expenses $283,025
Other Expenses $249,206
TOTAL EXPENSES $340,860

Year-over-Year Comparison

2023 2022 Change
Revenue $493,610 $403,383 +0.2%
Expenses $340,860 $347,320 0.0%
Net Income $152,750 $56,063 +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
5
Independent Members
5
Employees
1
Volunteers
5

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
1
$85,000
Total Directors
4
$0
Key Employees
1
$85,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Oshunbumi Fernandez Executive Dir. 40.00
Officer Key Emp
$85,000 $0 $85,000
Stan Straughter Board member 1.00
Director
$0 $0 $0
Jannie Blackwell Board Member 1.00
Director
$0 $0 $0
Kenny Gamble Board member 1.00
Director
$0 $0 $0
Bob Brady Board Member 1.00
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
2025 No data No data No data No data
2024 $493,610 $340,860 $534,377 $152,750
2023 $403,383 $347,320 $373,776 $56,063
2022 $385,849 $205,225 $257,249 $180,624
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