YANKASA ASSOCIATION OF NEW YORK INC (EIN 311805283) - 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

Legal Domicile

Principal Officer

IBRAHIM ABDULAI MASIGAN

Phone

9174025192

Tax Period

2023-01-01 to 2023-12-31

YANKASA ASSOCIATION OF NEW YORK INC is a small nonprofit in the Religion sector that reported $208K in total revenue in fiscal year 2023. Net assets of $1.7M represent 98 months of operating reserves.

Mission

TO PROMOTE AND ARTICULATE THE INTEREST OF GHANAIANS IN THE NY METROPOLITAN AREA. PROVIDE A FORUM FOR THE ADVANCEMENT OF THE INTEREST OF GHANAIANS IN POLITICAL, ECONOMIC, SOCIAL AND CULTURAL AFFAIRS. ESTABLISH AND MAINTAIN GOOD RELATIONS WITH OTHER GHANAIAN ORGANIZATIONS PURSUING OBJECTIVES COMPATIBLE WITH OURS. ASSIST MEMBERS BOTH FINANCIALLY AND MORALLY IN TIMES OF NEED.

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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 $208,192

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $208,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,620

Other Expenses $0

TOTAL EXPENSES $216,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,192	N/A	N/A
Expenses	$216,620	N/A	N/A
Net Income	$-8,428	N/A	N/A

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IBRAHIM ABDULAI MASIGAN	President	25.00	Officer Director	$0	$0	$0
MOHAMMED BASHIRU KABORE	Vice President	25.00	Officer Director	$0	$0	$0
ISSAH SAEED	Controller	15.00	Officer	$0	$0	$0
SHAIBU MUSAH	Treasurer	25.00	Officer	$0	$0	$0
MOHAMMED FARID ABU	Secretary	10.00	Officer	$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	$208,192	$216,620	$1,701,701	$-8,428
2022	$324,662	$371,918	$1,710,126	$-47,256
2021	$76,420	$77,299	$835,063	$-879
2020	$83,642	$100,078	$835,942	$-16,436
2019	$136,041	$115,045	$852,378	$20,996

YANKASA ASSOCIATION OF NEW YORK INC