AFRICAN HERITAGE INC (EIN 391979470) - 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

1998

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

AFRICAN HERITAGE INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $451K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $604K exceeded revenue, resulting in a 34% operating deficit.

Mission

Provide a medium for educational and cultural exchanges between Africans, African Americans, Black folx, people of African descent and all people who have an interest in our issues.

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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 (2023)

Revenue Breakdown

Contributions & Grants $451,231

Program Service Revenue $0

Investment Income $72

Other Revenue $0

TOTAL REVENUE $451,303

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $484,484

Other Expenses $602,079

TOTAL EXPENSES $603,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,303	$571,805	-0.2%
Expenses	$603,579	$606,109	0.0%
Net Income	$-152,276	$-34,304	+3.4%

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
ANTONY AWOFESO	BOARD MEMBER	0.25	Director	$0	$0	$0
ADONICA HENLEY-RANDALL	BOARD MEMBER	0.25	Director	$0	$0	$0
SABRINA ROBINS	BOARD MEMBER	35.00	Director	$0	$0	$0
PHILIPS ORIARAN	BOARD MEMBER	5.00	Director	$0	$0	$0
MUYIWA ADEBOYE	OFFICER	5.00	Director	$0	$0	$0
ANGELIQUE SMITH	BOARD MEMBER	25.00	Director	$0	$0	$0
JULIET COLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADEBUKOYE ADENLE	FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
BOLA DELANO ORIARAN	VICE PRESIDENT	50.00	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
2024	No data	No data	No data	No data
2023	$451,303	$603,579	$62,814	$-152,276
2022	$571,805	$606,109	$215,090	$-34,304
2021	$560,959	$566,822	$249,394	$-5,863
2020	$283,950	$48,586	$255,257	$235,364

AFRICAN HERITAGE INC