INNOVATION AFRICA (EIN 331186746) - 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

2007

Legal Domicile

Principal Officer

SIVAN YA'ARI

Phone

6464725396

Tax Period

2023-01-01 to 2023-12-31

INNOVATION AFRICA, founded in 2007, is a mid-sized nonprofit in the International Affairs sector that reported $18.4M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $20.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO IMPROVE THE LIVES OF NEARLY 3 MILLION PEOPLE IN RURAL AFRICAN VILLAGES BY PROVIDING SUSTAINABLE, SOLAR-TECHNOLOGY, INCLUDING SOLAR-POWERED PUMPING SYSTEMS TO BRING CLEAN WATER TO ENTIRE VILLAGES AND ENERGY TO POWER SCHOOLS, MEDICAL CLINICS, AND ORPHANAGES.

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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 $18,237,718

Program Service Revenue $0

Investment Income $123,377

Other Revenue $0

TOTAL REVENUE $18,361,095

Expense Breakdown

Grants Paid $3,238,969

Salaries & Benefits $1,129,565

Fundraising Expenses $775,643

Program Expenses $18,770,203

Other Expenses $16,085,346

TOTAL EXPENSES $20,453,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,361,095	$22,997,994	-0.2%
Expenses	$20,453,880	$21,105,995	0.0%
Net Income	$-2,092,785	$1,891,999	-2.1%

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

$238,500

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE TEPPER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
AMBASSADOR ISAIAH CHABALA	SECRETARY	2.00	Officer Director	$5,500	$0	$5,500
DAVID ARISON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BERKOVE	DIRECTOR	1.00	Director	$0	$0	$0
MARIE-ANTOINETTE BOOT	DIRECTOR	1.00	Director	$0	$0	$0
RON BRAVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TAMIRA CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FINE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FRIEZE	DIRECTOR	1.00	Director	$0	$0	$0
JASON T HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HOLLANDER	DIRECTOR	1.00	Director	$0	$0	$0
LIZ KANER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LYS	DIRECTOR	1.00	Director	$0	$0	$0
RAFI NAKASH	DIRECTOR	1.00	Director	$0	$0	$0
RAND NEVELOFF	DIRECTOR	1.00	Director	$0	$0	$0
ADAM SULTAN	DIRECTOR	1.00	Director	$0	$0	$0
STUART STONE	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY WEINER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GIMPEL	CFO	37.00	Officer	$233,000	$0	$233,000
SIVAN YA'ARI	CEO/TREASURER	37.00	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	$18,361,095	$20,453,880	$6,380,815	$-2,092,785
2022	$22,997,994	$21,105,995	$8,551,741	$1,891,999
2021	$16,340,258	$15,566,730	$6,054,720	$773,528
2020	$7,806,976	$9,863,883	$5,000,184	$-2,056,907
2019	$8,375,529	$6,427,566	$7,509,067	$1,947,963
2018	$5,602,714	$3,255,381	$5,358,607	$2,347,333

INNOVATION AFRICA