AFRICAN CEREMONIES INC (EIN 371492356) - 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

2004

Legal Domicile

Principal Officer

CAROL BECKWITH

Phone

2123820404

Tax Period

2024-07-01 to 2025-06-30

AFRICAN CEREMONIES INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $468K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum.

Mission

AFRICAN CEREMONIES INC. IS DEDICATED TO THE PRESERVATION OF AFRICAN TRIBAL TRADITIONS THROUGH THE PHOTOGRAPHIC DOCUMENTATION OF CEREMONIES AND CUSTOMS, THEREBY ENSURING THAT THE STRENGTH AND ESSENCE OF AFRICAN CULTURE IS PRESERVED FOR THE HISTORY OF MANKIND AND FOR THE EDUCATION OF FUTURE GENERATIONS.

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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 $458,647

Program Service Revenue $0

Investment Income $28

Other Revenue $9,688

TOTAL REVENUE $468,363

Expense Breakdown

Grants Paid $20,979

Salaries & Benefits $45,187

Fundraising Expenses $30,105

Program Expenses $321,800

Other Expenses $382,118

TOTAL EXPENSES $478,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,363	$241,207	+0.9%
Expenses	$478,903	$446,985	+0.1%
Net Income	$-10,540	$-205,778	-0.9%

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
CAROL BECKWITH	PRESIDENT AND TREASURER	60.00	Officer	$0	$0	$0
ANGELA FISHER	VICE PRESIDENT AND SECRETA	60.00	Officer	$0	$0	$0
GEORGE R BUNN JR	ASSISTANT SECRETARY	0.10	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
2025	$468,363	$478,903	$329,488	$-10,540
2024	$241,207	$446,985	$340,030	$-205,778
2023	$68,862	$455,919	$547,308	$-387,057
2022	$295,563	$559,720	$932,866	$-264,157
2021	$1,408,323	$428,269	$1,197,021	$980,054
2020	$360,711	$427,454	$216,967	$-66,743
2019	$208,513	$416,746	$284,960	$-208,233
2018	$537,199	$439,738	$491,943	$97,461

AFRICAN CEREMONIES INC