AFRICA COLLEGE FUND

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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

2011

Legal Domicile

Principal Officer

Adam Paul Blecher

Phone

6414722069

Tax Period

2025-01-01 to 2025-12-31

AFRICA COLLEGE FUND, founded in 2011, is a community nonprofit in the International Affairs sector that reported $1.6M in total revenue in fiscal year 2025. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $432K, a strong 26% operating margin.

Mission

AFRICA COLLEGE FUND is dedicated to empowering disadvantaged youth with tools for success including education and entrepreneurship opportunities. This results in eradication of poverty through provision of quality, effective, consciousness-based University and vocational education.

Program Service Accomplishments

Program 1

Expenses: $1,070,619 Revenue: $0

Grants to Maharishi Education for Invincibility Trust - MEIT - in South Africa, to give unemployed youth a full package of support: Degrees through Maharishi International University, Fairfield, Iowa and places them into jobs part-time while they are studying, and permanent jobs in SA on graduation. MEIT has a 90 percent graduate job placement rate, and over 90 percent of graduates have maintained employment beyond the first year of employment. This is amongst the highest success rates in the country of South Africa. The grant funding assisted with the educational costs in entirety of youth for a full year of University education, and related costs. MEIT has got to a point of being 85 percent self-funding, including a program called 'learn and earn' 'pay it forward'. This is in line with Africa College Fund's mission of supporting non-profit, tax-exempt organisations that have a focus on creating financial sustainability, to ensure long term success. Grants also include scholarship support for girls in the Maharishi Invincibility School of Management, as well as establishing the organisation with a new University college in Zimbabwe, and establishing a sister grant making organisation in the UK.

Program 2

Expenses: $145,045 Revenue: $0

Payments to Maharishi International University, Fairfield, Iowa, USA, to fund the USA tuition fees for distance education UniversityDegree programs on behalf of African students based in South...

Payments to Maharishi International University, Fairfield, Iowa, USA, to fund the USA tuition fees for distance education UniversityDegree programs on behalf of African students based in South Africa, that are studying through Maharishi Education for Invincibility Trust (MEIT) in a '2+2' program. This means the historically disadvantaged youth involved do their first 2-years of study in South Africa, and their second two-years of study are via distance education with Maharishi University of Management, broadcast from the United States to South Africa. The program is working highly effectively, and as cited above 90% of graduates have gained employment in quality graduate level positions in companies in South Africa.

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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 $1,647,879

Program Service Revenue $0

Investment Income $211

Other Revenue $0

TOTAL REVENUE $1,648,090

Expense Breakdown

Grants Paid $1,215,664

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,216,420

Other Expenses $756

TOTAL EXPENSES $1,216,420

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,648,090	$646,337	+1.5%
Expenses	$1,216,420	$795,627	+0.5%
Net Income	$431,670	$-149,290	-3.9%

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

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
Adam Paul Blecher	President and Founder	10	Officer Director	$0	$0	$0
Heather Hartnett	Secretary	1	Director	$0	$0	$0
Anne Marie Blecher	Vice President	3	Officer Director	$0	$0	$0
Keith Wegman	Treasurer	1	Director	$0	$0	$0
Rod Peter Falk	Administrator	10	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	$1,648,090	$1,216,420	$533,317	$431,670
2024	$646,337	$795,627	$101,647	$-149,290
2023	$470,376	$329,098	$250,937	$141,278
2021	$772,448	$620,295	$208,166	$152,153
2020	$406,760	$399,966	$56,013	$6,794