TRUST FOR AFRICAN ROCK ARTS

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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 COULSON

Phone

4134893742

Tax Period

2022-01-01 to 2022-12-31

TRUST FOR AFRICAN ROCK ARTS, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2022. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 34% operating margin.

Mission

TARA IS AN INTERNATIONAL, NAIROBI-BASED ORGANISATION COMMITTED TO RECORDING THE RICH ROCK ART HERITAGE OF THE AFRICAN CONTINENT, TO MAKING THIS INFORMATION WIDELY ACCESSIBLE AND, TO THE EXTENT POSSIBLE, SAFEGUARDING THOSE SITES MOST THREATENED BY HUMANS AND NATURE. TO ACHIEVE ITS MISSION, TARA WORKS CLOSELY WITH COMMUNITIES WHERE ROCK ART IS FOUND AS WELL AS WITH NATIONAL AND INTERNATIONAL HERITAGE BODIES INCLUDING THE UNESCO WORLD HERITAGE CENTRE.

Program Service Accomplishments

Program 1

Expenses: $76,707

EDUCATIONAL SAFARIS, SUCH AS THIS ONE TO NIGER, ARE PART OF TARAS ROCK ART AWARENESS, KNOWLEDGE DISSEMINATION AND SURVEY ACTIVITIES. IN PARTNERSHIP WITH LOCAL NIGER COUNTERPART, TARA TRAVELLED WITH A GROUP OF VISITORS TO REVIEW ROCK ART SITES IN THE AIR MOUNTAINS. SUCH TRIPS PROVIDE TARA WITH THE OPPORTUNITY TO EDUCATE, MONITOR SITES AND SURVEY NEW SITES.

Program 2

Expenses: $12,192

THE US AMBASSADORS FUND FOR CULTURAL PRESERVATION PROVIDED FUNDING FOR TARA TO PARTNER WITH LOCAL HERITAGE PROFESSIONALS, COMMUNITY MEMBERS AND A DIGITAL RECORDING FOUNDATION, FACTUM, TO DOCUMENT...

THE US AMBASSADORS FUND FOR CULTURAL PRESERVATION PROVIDED FUNDING FOR TARA TO PARTNER WITH LOCAL HERITAGE PROFESSIONALS, COMMUNITY MEMBERS AND A DIGITAL RECORDING FOUNDATION, FACTUM, TO DOCUMENT ANCIENT ROCK MONOLITHS IN THE CROSS RIVER REGION OF NIGERIA. THE RESULTS WERE PUBLICIZED IN LITERATURE, EXHIBITIONS AND IN EDUCATIONAL VENUES BOTH LOCALLY AND OUTSIDE NIGERIA.

Program 3

Expenses: $12,664

THE C&T PROJECT: TARA AND THE NATIONAL MUSEUMS OF KENYA PARTNERED WITH A UK BASED NON-PROFIT FOUNDATION, COMPUTERS AND THEATER, TO EXPLORE THE CONCEPT OF USING DRAMA AND TECHNOLOGY TO CREATE LEARNING RESOURCES FOR SCHOOLCHILDREN. THIS INITIAL EXPLORATORY STAGE INVOLVED VISITING ROCK ART SITES IN NORTHERN KENYA TO ASSESS THEIR APPROPRIATENESS AS SITES OF LEARNING FOR CHILDREN, AND TO EXPLORE THE VIABILITY OF USING DRONE FOOTAGE TO CREATE VIRTUAL ROCK ART LEARNING EXPERIENCES FOR THOSE WHO ORDINARILY DO NOT HAVE THE RESOURCES TO VISIT ROCK ART SITES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $116,128

Program Service Revenue $110,777

Investment Income $683

Other Revenue $0

TOTAL REVENUE $227,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,077

Fundraising Expenses $0

Program Expenses $137,199

Other Expenses $136,771

TOTAL EXPENSES $150,848

Year-over-Year Comparison

	2022	2021	Change
Revenue	$227,588	$126,640	+0.8%
Expenses	$150,848	$96,539	+0.6%
Net Income	$76,740	$30,101	+1.5%

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

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
GEORGE ABUNGU	DIRECTOR	2.00	Director	$0	$0	$0
JEANNETTE DEACON	DIRECTOR	2.00	Director	$0	$0	$0
AUDAX MABULLA	DIRECTOR	2.00	Director	$0	$0	$0
SADA MIRE	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA WALDOCK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID COULSON	PRESIDENT	40.00	Officer	$0	$0	$0
TOM HILL	TREASURER	2.00	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	$227,588	$150,848	$8,552	$76,740