Dace foundation (EIN 384116440) - 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

2019

Legal Domicile

Principal Officer

Wilfred Yartey

Phone

2405052439

Tax Period

2025-01-01 to 2025-12-31

Dace foundation, founded in 2019, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $62K exceeded revenue, resulting in a 30% operating deficit.

Mission

Dace foundation provides financial, educational and social support to students from underserved areas in Ghana. Through our programs, Dace has been able to put students to some of the best schools and universities in Ghana, and we are continuously adding more students to our programs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $47,536

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,681

Other Expenses $61,773

TOTAL EXPENSES $61,773

Year-over-Year Comparison

	2025	2024	Change
Revenue	$47,536	$51,859	-0.1%
Expenses	$61,773	$67,151	-0.1%
Net Income	$-14,237	$-15,292	-0.1%

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

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
Daniel Payne	Director	1	Director	$0	$0	$0
Frank Justice Atta	Director	1	Director	$0	$0	$0
Dennis Mensah Sarbah	Director	1	Director	$0	$0	$0
Aaron Geraldo De-lima	Director	1	Director	$0	$0	$0
Wilfred Yartey	President	2	Officer 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
2025	$47,536	$61,773	$12,751	$-14,237
2024	$51,859	$67,151	$21,752	$-15,292
2023	$44,405	$63,583	$33,086	$-19,178
2022	$33,551	$49,861	$60,818	$-16,310

Dace foundation