CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 5% surplus.
DEVELOPS EDUCATIONAL ACTIVITIES RELATED TO ACTUARIAL SCIENCE DESIGNED TO IMPROVE SKILLS OF BLACK ACTUARIES IN THE COMMUNITY AND ENCOURAGE COLLEGE STUDENTS TO PURSUE STUDIES IN ACTUARIAL SCIENCE.
ANNUAL MEETING AND SEMINARS - PROVIDES EDUCATIONAL SEMINARS TO MEMBERSHIP IMPROVING BOTH TECHNICAL AND PROFESSIONAL SKILLS AND AN OPPORTUNITY FOR ACTUARIAL STUDENTS TO INTERACT WITH INDUSTRY...
ANNUAL MEETING AND SEMINARS - PROVIDES EDUCATIONAL SEMINARS TO MEMBERSHIP IMPROVING BOTH TECHNICAL AND PROFESSIONAL SKILLS AND AN OPPORTUNITY FOR ACTUARIAL STUDENTS TO INTERACT WITH INDUSTRY PROFESSIONALS AND RECRUITERS IN A CASUAL AND INTIMATE ENVIRONMENT. THERE WERE 600+ ATTENDEES AT THIS YEAR'S ANNUAL MEETING.
SCHOLARSHIPS - PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE AND GRADUATE LEVEL TO QUALIFIED BLACK STUDENTS WHO ARE INTERESTED IN PURSUING AN ACTUARIAL CAREER. DURING THIS YEAR, IABA AWARDED...
SCHOLARSHIPS - PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE AND GRADUATE LEVEL TO QUALIFIED BLACK STUDENTS WHO ARE INTERESTED IN PURSUING AN ACTUARIAL CAREER. DURING THIS YEAR, IABA AWARDED SCHOLARSHIPS TO APPROXIMATELY SIXTY (60) ACTUARIAL STUDENTS.
ANNUAL BOOTCAMP - INCREASING INDUSTRY AWARENESS OF PROSPECTIVE ACTUARIAL STUDENTS AND POSITIONING THEM FOR A SUCCESSFUL ACTUARIAL INTERNSHIP OR ENTRY-LEVEL OPPORTUNITY. PROVIDING ATTENDEES WITH...
ANNUAL BOOTCAMP - INCREASING INDUSTRY AWARENESS OF PROSPECTIVE ACTUARIAL STUDENTS AND POSITIONING THEM FOR A SUCCESSFUL ACTUARIAL INTERNSHIP OR ENTRY-LEVEL OPPORTUNITY. PROVIDING ATTENDEES WITH EXPOSURE TO REAL WORLD ACTUARIAL WORK, RESOURCES IN PREPARING FOR PROFESSIONAL EXAMS, THE SOFT SKILLS NEEDED TO SUCCESSFULLY INTERVIEW FOR AND LAND AN INTERNSHIP OR ENTRY-LEVEL POSITION AS WELL AS EXTENDED SUPPORT TO REMAIN ON THEIR CHOSEN CAREER PATHWAY FOR THOSE WHO WILL BE RETURNING TO ACADEMIC PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,247,437 | $1,710,351 | -0.3% |
| Expenses | $1,189,664 | $1,244,030 | 0.0% |
| Net Income | $57,773 | $466,321 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALAN NEWSOME | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DWAYNE HUSBANDS | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLORIA GILLIAM | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN ABROKWAH | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MONIQUE HACKER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TENESIA MCGRUDER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MAAMBO MUJALA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| NICOLE HARRINGTON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY WEATHERSPOON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRANDON WRIGHT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DALESA BRADY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN APPLEWHITE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHERINE WEAVER | INTERIM EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$45,885 | $0 | $45,885 |
| JEFFREY BROWN | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$103,000 | $8,700 | $111,700 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,247,437 | $1,189,664 | $2,797,749 | $57,773 |
| 2023 | $1,710,351 | $1,244,030 | $2,736,516 | $466,321 |
| 2022 | $1,451,479 | $1,127,900 | $2,280,711 | $323,579 |
| 2021 | $1,198,491 | $549,213 | $1,943,130 | $649,278 |
| 2020 | $909,310 | $365,719 | $1,295,356 | $543,591 |
| 2019 | $723,864 | $536,748 | $745,462 | $187,116 |
| 2018 | $578,137 | $534,954 | $557,495 | $43,183 |
Compare INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC with other nonprofits in Ohio and across the country.