SANKOFA COMMUNITY DEVELOPMENT CORPORATION (EIN 263471054) - 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

Rashida Ferdinand

Phone

5048729214

Tax Period

2023-01-01 to 2023-12-31

SANKOFA COMMUNITY DEVELOPMENT CORPORATION, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 38% operating margin.

Mission

At Sankofa Community Development Corporation, we believe health to be the cornerstone of a thriving community with safety, stability and overall viability. We are committed to sustainable, health-centered development to revitalize the Lower Ninth Ward area through the lens of environmental justice. Our community and economic development programs address those systemic problems that cause social and health disparities by building infrastructure that works with nature (rather than against it). We are creating simple solutions to real-world problems by building infrastructure to support a resilient community in the Lower Ninth Ward and a local environment that promotes positive health outcomes and builds healthier communities for generations to come.

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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 $2,652,883

Program Service Revenue $465

Investment Income $0

Other Revenue $7,259

TOTAL REVENUE $2,660,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $660,574

Fundraising Expenses $211,918

Program Expenses $780,790

Other Expenses $887,068

TOTAL EXPENSES $1,637,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,660,607	$2,224,859	+0.2%
Expenses	$1,637,945	$2,095,169	-0.2%
Net Income	$1,022,662	$129,690	+6.9%

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

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

$132,229

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rashida Ferdinand	CEO	50	Key Emp	$132,229	$0	$132,229
Adonis Expose	Member	2	Director	$0	$0	$0
Terrance Taylor	Chairperson	2	Director	$0	$0	$0
Daniela Rivero	TreasurerTreasurer	2	Officer Director	$0	$0	$0
Molly Hegarty	Member	2	Director	$0	$0	$0
Melissa Lee	Member	2	Director	$0	$0	$0
Bernard Singleton	Member	2	Director	$0	$0	$0
Marlin Ford	Member	2	Director	$0	$0	$0
Marcia St Martin	Member	2	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	$2,660,607	$1,637,945	$2,872,603	$1,022,662
2022	$2,224,859	$2,095,169	$1,812,718	$129,690
2021	$1,356,798	$894,932	$1,401,351	$461,866
2020	$613,074	$621,851	$952,356	$-8,777
2019	$1,271,992	$590,352	$1,105,923	$681,640
2018	$348,643	$412,173	$586,041	$-63,530

SANKOFA COMMUNITY DEVELOPMENT CORPORATION