HEART OF AFRICIA INC (EIN 352121414) - 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

2000

Legal Domicile

Principal Officer

DAVID HENDERSON

Phone

6085666399

Tax Period

2023-01-01 to 2023-12-31

HEART OF AFRICIA INC, founded in 2000, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE RELIGIOUS AND EDUCATIONAL SUPPORT FOR AFRICAN COMMUNITIES.

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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 $1,150,259

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,150,259

Expense Breakdown

Grants Paid $690,394

Salaries & Benefits $193,214

Fundraising Expenses $7,577

Program Expenses $1,130,008

Other Expenses $335,843

TOTAL EXPENSES $1,219,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,150,259	$907,777	+0.3%
Expenses	$1,219,451	$1,052,623	+0.2%
Net Income	$-69,192	$-144,846	-0.5%

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HENDERSON	DIRECTOR/MIS	40.00	Officer	$60,000	$0	$60,000
DALLAS DITTO	TRUSTEE	1.00	Director	$0	$0	$0
JACK DITTO	TRUSTEE	1.00	Director	$0	$0	$0
WILL HARLOW	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA HENDERSON	SECRETARY	20.00	Officer Director	$0	$0	$0
DAVID JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
EVERJOY MUNSONI	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS MUNSONI	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$1,150,259	$1,219,451	$62,524	$-69,192
2022	$907,777	$1,052,623	$104,473	$-144,846
2021	$927,342	$753,895	$249,319	$173,447
2020	$719,714	$710,342	$75,872	$9,372
2019	$668,908	$743,152	$66,500	$-74,244
2018	$783,575	$710,020	$140,744	$73,555

HEART OF AFRICIA INC