ARTS COUNCIL OF THE AFRICAN STUDIES ASSN

EIN: 341936797 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$265,489
Total Expenses
$11,055
Total Assets
$398,804
Net Assets
$398,804
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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
1981
Legal Domicile
IL
Principal Officer
MARK DELANCY
Phone
5703909363
Tax Period
2021-11-01 to 2022-10-31

ARTS COUNCIL OF THE AFRICAN STUDIES ASSN, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2021. The organization ran a surplus of $254K, a strong 96% operating margin.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $262,687
Program Service Revenue $2,800
Investment Income $2
Other Revenue $0
TOTAL REVENUE $265,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,055
Other Expenses $11,055
TOTAL EXPENSES $11,055

Year-over-Year Comparison

2021 2020 Change
Revenue $265,489 N/A N/A
Expenses $11,055 N/A N/A
Net Income $254,434 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

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK DELANCY PRESIDENT 5.00
Officer Director
$0 $0 $0
KRISTINE JUNCKER TREASURER 5.00
Officer Director
$0 $0 $0
CANDACE KELLER SECRETARY 5.00
Officer Director
$0 $0 $0
PERI KLEMM PAST PRESIDENT 2.00
Director
$0 $0 $0
KEHINDE SHOBUNKULA WEBSITE EDITOR 5.00
Director
$0 $0 $0
KRISTEN WINDMULLER-LUNA NEWSLETTER EDITOR 5.00
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
2022 $265,489 $11,055 $398,804 $254,434
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