AFRICAN AMERICAN EMPOWERMENT NETWORK IN (EIN 264296811) - 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

2009

Legal Domicile

Principal Officer

WILLIE BARNEY

Phone

4025025153

Tax Period

2024-01-01 to 2024-12-31

AFRICAN AMERICAN EMPOWERMENT NETWORK IN, founded in 2009, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $4.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO TRANSFORM THE CITY OF OMAHA INTO A GREAT CITY, THRIVING AND PROSPEROUS, WHERE ALL CITIZENS ARE ENGAGED AND EMPOWERED AND HAVE FULL ACCESS TO THE INCREDIBLE OPPPORTUNITIES THAT ARE AVAILABLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,359,315

Program Service Revenue $0

Investment Income $62,791

Other Revenue $-168,278

TOTAL REVENUE $3,253,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,428,458

Fundraising Expenses $12,000

Program Expenses $3,442,901

Other Expenses $2,629,001

TOTAL EXPENSES $4,057,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,253,828	$2,432,677	+0.3%
Expenses	$4,057,459	$2,836,561	+0.4%
Net Income	$-803,631	$-403,884	+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

Governance

Voting Members

Independent Members

Employees

209

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY CHRISTIAN	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
TERESA HUNTER	SECRETARY	3.00	Officer Director	$0	$0	$0
CYNTHIA HUME	TREASURER	3.00	Director	$0	$0	$0
AARON AUSTIN	DIRECTOR	3.00	Director	$0	$0	$0
KARNETTA RUSHING	DIRECTOR	3.00	Director	$0	$0	$0
WILLIE BARNEY	PRESIDENT	50.00	Officer	$120,000	$0	$120,000

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	$3,253,828	$4,057,459	$4,800,571	$-803,631
2023	$2,432,677	$2,836,561	$2,211,445	$-403,884
2022	$3,799,580	$2,306,417	$2,653,446	$1,493,163
2021	$1,873,842	$2,037,884	$1,156,479	$-164,042
2020	$2,319,067	$2,483,091	$2,440,770	$-164,024
2019	$3,993,924	$2,693,136	$2,534,210	$1,300,788
2018	$2,098,684	$2,242,637	$852,603	$-143,953

AFRICAN AMERICAN EMPOWERMENT NETWORK IN