Bi-Okoto Drum & Dance Theatre (EIN 311440549) - 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

1996

Legal Domicile

Phone

5132216112

Tax Period

2024-01-01 to 2024-12-31

Bi-Okoto Drum & Dance Theatre, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $357K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

| Explanation:| We envision a world where individuals families and communities take pride in their cultural heritage while appreciating the cultural expression of others. Our mission is to preserve promote and share the rich cultural heritage of Africa and Africans using drums music dance food language and other arts.

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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 $250,111

Program Service Revenue $77,105

Investment Income $0

Other Revenue $29,899

TOTAL REVENUE $357,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,925

Fundraising Expenses $40,546

Program Expenses $354,622

Other Expenses $88,697

TOTAL EXPENSES $354,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,115	$501,155	-0.3%
Expenses	$354,622	$493,953	-0.3%
Net Income	$2,493	$7,202	-0.7%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adebola T Olowe	Executive Director	40.00	Director	$0	$0	$0
Emily Funmilayo Ajamufua	Teaching Artists	40.00	Key Emp	$0	$0	$0
Latifat Adepeju Oguntade	Teaching and Performing Artists	40.00	Key Emp	$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	$357,115	$354,622	$951,827	$2,493
2023	$501,155	$493,953	$880,001	$7,202
2022	$402,920	$399,966	$932,581	$2,954
2021	$328,516	$324,682	$928,266	$3,834
2020	$30,646,135	$24,959,135	$94,342,022	$5,687,000
2018	$313,624	$331,404	$805,199	$-17,780

Bi-Okoto Drum & Dance Theatre