Network for the Development of Children of African Descent (EIN 411936394) - 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

1997

Legal Domicile

Principal Officer

Gevonee Ford

Phone

6512093355

Tax Period

2024-01-01 to 2024-12-31

Network for the Development of Children of African Descent, founded in 1997, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

Network for the Development of Children of African Descent exists to strengthen the cultural connections within communities of African descent that promote, sustain and enhance the healthy development of our children. Program activities include child and parent literacy activities, educational resources and professional development training for educators and service providers.

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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 $719,530

Program Service Revenue $282,500

Investment Income $494

Other Revenue $485

TOTAL REVENUE $1,003,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $578,855

Fundraising Expenses $31,196

Program Expenses $898,536

Other Expenses $419,297

TOTAL EXPENSES $998,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,003,009	$1,015,213	0.0%
Expenses	$998,152	$862,782	+0.2%
Net Income	$4,857	$152,431	-1.0%

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

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

$115,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Johnny Allen Jr	Board Member	1.00	Director	$0	$0	$0
Shirlynn M LaChapelle	Board Member	1.00	Director	$0	$0	$0
Donald Joseph	Board Member	1.00	Director	$0	$0	$0
Robert Sayers	Board Member	1.00	Director	$0	$0	$0
Miata Foluke	Board Member	1.00	Director	$0	$0	$0
Theresa Collin	Chair	3.00	Officer Director	$0	$0	$0
Deb Price	Secretary	3.00	Officer Director	$0	$0	$0
Gene Ward Jr	Treasurer	3.00	Officer Director	$0	$0	$0
Gevonee Ford	Executive Director	40.00	Officer	$99,263	$16,191	$115,454

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	$1,003,009	$998,152	$1,094,074	$4,857
2023	$1,015,213	$862,782	$1,143,370	$152,431
2023	$1,015,879	$875,617	$1,131,201	$140,262
2022	$791,818	$653,280	$950,197	$138,538
2021	$705,257	$640,196	$796,449	$65,061
2020	$969,361	$713,709	$717,348	$255,652

Network for the Development of Children of African Descent