ASASE YAA CULTURAL ARTS FOUNDATION (EIN 352381871) - 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

2010

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

ASASE YAA CULTURAL ARTS FOUNDATION, founded in 2010, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 17% operating margin.

Mission

Asase Yaa Cultural Arts Foundation is a nonprofit dedicated to promoting African Diaspora arts and culture. Through its programsAsase Yaa School of the Arts Childrens Camp Arts Outreach and African American Dance Theaterit empowers the community by offering dance and music

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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 $553,565

Program Service Revenue $534,756

Investment Income $0

Other Revenue $6,013

TOTAL REVENUE $1,094,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,279

Fundraising Expenses $56,125

Program Expenses $670,362

Other Expenses $732,477

TOTAL EXPENSES $903,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,334	$597,357	+0.8%
Expenses	$903,756	$732,908	+0.2%
Net Income	$190,578	$-135,551	-2.4%

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

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
ESI-KILANGA BOWSER SANTIAGO	MEMBER	0.50	Officer	$0	$0	$0
AFRIQIYAH WOODS	MEMBER	0.50	Officer	$0	$0	$0
EUGENE BOWSER SANTIAGO	MEMBER	0.50	Officer	$0	$0	$0
BRIAN ROBINSON ESQ	MEMBER	0.50	Officer	$0	$0	$0
RUBIE WILLIAMS	DIRECTOR OF OPERATIONS	25.00	Officer	$0	$0	$0
PASTOR SEAN LEE	MEMBER	0.50	Officer	$0	$0	$0
DR JAWANA JOHNSON	BOARD CHAIR	0.50	Officer	$0	$0	$0
MAISHA HYMAN SUMBRY	TREASURER	0.50	Officer	$0	$0	$0
MARLON RICE	MEMBER	0.50	Officer	$0	$0	$0
FELICIA WILLIAMS	MEMBER	0.50	Officer	$0	$0	$0
KOFI O WILLIAMS	EXECUTIVE DIRECTOR	25.00	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
2024	$1,094,334	$903,756	$335,315	$190,578
2023	$597,357	$623,296	$3,259	$-25,939
2022	$604,258	$608,750	$15,718	$-4,492
2021	$334,905	$416,728	$14,775	$-81,823
2020	$354,518	$346,346	$7,728	$8,172

ASASE YAA CULTURAL ARTS FOUNDATION