TIDEWATER AFRICAN CULTURAL ALLIANCE

EIN: 352644613 501(c)(3) Public & Societal Benefit

Virginia Beach, VA

Total Revenue
$110,477
Total Expenses
$92,975
Total Assets
$84,654
Net Assets
$84,654
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
Rita Cohen
Phone
7572859833
Tax Period
2022-01-01 to 2022-12-31

TIDEWATER AFRICAN CULTURAL ALLIANCE, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $110K in total revenue in fiscal year 2022. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 16% operating margin.

Mission

Culture and education

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $110,477
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $110,477

Expense Breakdown

Grants Paid $92,975
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $92,975
Other Expenses $0
TOTAL EXPENSES $92,975

Year-over-Year Comparison

2022 2021 Change
Revenue $110,477 $67,152 +0.6%
Expenses $92,975 N/A N/A
Net Income $17,502 $67,152 -0.7%
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
9
Independent Members
9
Employees
N/A
Volunteers
10

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
8
$0
Total Directors
1
$25,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rita Addico Cohen Executive Officer 30
Director
$25,000 $0 $25,000
Udoka Obi Vice Chair 0
Officer
$0 $0 $0
Zewditu Tadesse Secretary 0
Officer
$0 $0 $0
Paulette Muleme Treasurer 0
Officer
$0 $0 $0
Lisette Rice Board of Directors 0
Officer
$0 $0 $0
Natasha Ewa Board of Directors 0
Officer
$0 $0 $0
Gymama Slaughter Board Member 0
Officer
$0 $0 $0
Moses Asamoah Board Member 0
Officer
$0 $0 $0
Todd West Board Member 0
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
2022 $110,477 $92,975 $84,654 $17,502
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