WEGOJA FOUNDATION (EIN 261280649) - 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

2008

Legal Domicile

Principal Officer

DAWN M DAWSON-HOUSE

Phone

8036656674

Tax Period

2023-07-01 to 2024-06-30

WEGOJA FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $571K exceeded revenue, resulting in a 135% operating deficit.

Mission

THE WEGOJA FOUNDATION IDENTIFIES, DOCUMENTS AND PROMOTES AFRICAN AMERICAN HERITAGE IN SOUTH CAROLINA.

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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 $238,409

Program Service Revenue $0

Investment Income $50

Other Revenue $4,439

TOTAL REVENUE $242,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,000

Fundraising Expenses $0

Program Expenses $540,563

Other Expenses $492,505

TOTAL EXPENSES $570,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,898	$750,894	-0.7%
Expenses	$570,505	$239,927	+1.4%
Net Income	$-327,607	$510,967	-1.6%

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

$61,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WATSON	BOARD CHAIRMAN	30.00	Officer Director	$0	$0	$0
RICK DEVOE	BOARD VICE CHAIR	20.00	Officer Director	$0	$0	$0
PAMELA BYNOE REED	BOARD MEMBER	5.00	Director	$0	$0	$0
REV ROBERT CHINA	BOARD MEMBER	5.00	Director	$0	$0	$0
CORY FRANCE	BOARD MEMBER	5.00	Director	$0	$0	$0
MEG HUNT	BOARD MEMBER	5.00	Director	$0	$0	$0
MARC RAPPORT	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
OLIVIA THURMOND	TREASURER	5.00	Officer Director	$0	$0	$0
RHONDA CAREY	BOARD MEMBER	5.00	Director	$0	$0	$0
DAWN DAWSON-HOUSE	EXECUTIVE DIRECTOR	40.00	Officer	$61,875	$0	$61,875

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	$242,898	$570,505	$245,159	$-327,607
2023	$750,894	$239,927	$551,158	$510,967
2022	$307,165	$254,581	$29,232	$52,584

WEGOJA FOUNDATION