ALPHA KAPPA ALPHA EDUCATIONAL ADVANCEMENT FOUNDATION INC (EIN 363104692) - 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

1980

Legal Domicile

Principal Officer

ERIKA V EVERETT

Phone

7739470026

Tax Period

2024-01-01 to 2024-12-31

ALPHA KAPPA ALPHA EDUCATIONAL ADVANCEMENT FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $2.3M, a strong 32% operating margin.

Mission

THE ALPHA KAPPA ALPHA EDUCTIONAL ADVANCEMENT FOUNDTION, INC. WAS ESTABLISHED TO ENSURE PERPETURAL SUPPORT OF ALPHA KAPPA ALPHA SORORITY INC.'S COMMITMENT TO EDUCATION AND LIFELONG LEARNING THROUGH AWARDING OF GRANTS, FELLOWSHIPS AND SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,526,111

Program Service Revenue $11,429

Investment Income $2,659,181

Other Revenue $0

TOTAL REVENUE $7,196,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,516

Fundraising Expenses $0

Program Expenses $4,756,585

Other Expenses $4,087,033

TOTAL EXPENSES $4,861,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,196,721	$7,591,736	-0.1%
Expenses	$4,861,549	$2,787,004	+0.7%
Net Income	$2,335,172	$4,804,732	-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

$174,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA V EVERETT	Executive Dir.	40.00	Officer	$174,202	$0	$174,202
DANETTE REED	President	10.00	Director	$0	$0	$0
CHARLETTA WILSON JACKS	1ST VP	10.00	Director	$0	$0	$0
QUIANNA EECHRISTIAN	2ND VP	10.00	Director	$0	$0	$0
GLENDA GLOVER	3RD VP	10.00	Director	$0	$0	$0
CAROLYN RANDOLPH	Secretary	10.00	Director	$0	$0	$0
KARLA HALL	Treasurer	10.00	Director	$0	$0	$0
MILDRED CARRETHERS	DIRECTOR	10.00	Director	$0	$0	$0
LESLIE DANIEL	DIRECTOR	10.00	Director	$0	$0	$0
LYNN FARRIS	DIRECTOR	10.00	Director	$0	$0	$0
JACQUIE JORDAN	DIRECTOR	10.00	Director	$0	$0	$0
NICOLE MITCHELL	Director	10.00	Director	$0	$0	$0
MARTHA PERINE BEARD	Parliamentarian	0.00	Director	$0	$0	$0
LORRAINE GRIFFIN JOHNSON	Human Res Chair	0.00	Director	$0	$0	$0
JACQUELYN LEWIS-YOUNG	Director	0.00	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	$7,196,721	$4,861,549	$29,762,947	$2,335,172
2023	$7,591,736	$2,787,004	$27,452,066	$4,804,732
2022	$4,755,704	$7,382,378	$22,974,963	$-2,626,674
2021	$6,779,313	$3,449,195	$28,330,227	$3,330,118
2020	$7,247,043	$3,195,502	$22,802,836	$4,051,541
2020	$7,247,043	$3,195,502	$22,802,836	$4,051,541
2018	$3,429,290	$2,086,508	$14,812,581	$1,342,782

ALPHA KAPPA ALPHA EDUCATIONAL ADVANCEMENT FOUNDATION INC