AFRICA DEVELOPMENT PROMISE (EIN 383909756) - 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

2013

Legal Domicile

Principal Officer

Monica Labiche Brown

Phone

7209512104

Tax Period

2024-01-01 to 2024-12-31

AFRICA DEVELOPMENT PROMISE, founded in 2013, is a small nonprofit in the Human Services sector that reported $340K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $79K, a strong 23% operating margin.

Mission

Africa Development Promise is a Colorado based nonprofit organization whose mission is to improve the lives and livelihoods of rural women in East Africa through training and resources that support their collective efforts to operate competitively in the marketplace.

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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 $255,458

Program Service Revenue $31,723

Investment Income $0

Other Revenue $53,140

TOTAL REVENUE $340,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,117

Fundraising Expenses $24,755

Program Expenses $187,905

Other Expenses $196,000

TOTAL EXPENSES $261,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,321	$307,342	+0.1%
Expenses	$261,117	$289,721	-0.1%
Net Income	$79,204	$17,621	+3.5%

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

$28,038

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monica Labiche Brown NonVoting	Executive Director	40	Key Emp Highest	$28,038	$0	$28,038
Karen Fadley Craig	Board Member	5	Director	$0	$0	$0
E Dean Brown jr	Treasurer	10	Director	$0	$0	$0
William Betts Jr	Board Member	5	Director	$0	$0	$0
Carrie Diroll	Jr Board Member	5	Director	$0	$0	$0
Charlotte Bingham	Board Member	5	Director	$0	$0	$0
Ilke McAliley PE	Board Chair	5	Director	$0	$0	$0
Lynette Hunden	Board Vice Chair	5	Director	$0	$0	$0
Chrissey Buckley	Board Member	5	Director	$0	$0	$0
Jean Nicholson	Board Member	5	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	$340,321	$261,117	$171,179	$79,204
2023	$307,342	$289,721	$91,736	$17,621
2022	$217,297	$292,546	$77,855	$-75,249
2021	$354,267	$297,082	$121,090	$57,185
2020	$201,210	$216,062	$69,755	$-14,852
2019	$176,119	$232,290	$78,948	$-56,171

AFRICA DEVELOPMENT PROMISE