Ghana Make a Difference

EIN: 455615778 501(c)(3) International Affairs

Star, ID

Total Revenue
$1,374,326
Total Expenses
$1,361,344
Total Assets
$639,572
Net Assets
$602,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
ID
Principal Officer
Cornelius Hofman
Phone
3128986209
Tax Period
2024-01-01 to 2024-12-31

Ghana Make a Difference, founded in 2012, is a community nonprofit in the International Affairs sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

In all societies and in all conditions, there is no better way to raise the next generation than a family. Ghana Make a Difference (GMAD) provides vulnerable children with a place they can call home as we work to reintegrate them with their biological family or to place them in a new family. We protect children who have been rescued from child trafficking, abandonment or who have other special needs. We preserve families and make a sustainable difference by providing a path to self reliance through shelter, vocational training, life skills, education and medical care.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,332,163
Program Service Revenue $0
Investment Income $41,714
Other Revenue $449
TOTAL REVENUE $1,374,326

Expense Breakdown

Grants Paid $1,121,258
Salaries & Benefits $179,512
Fundraising Expenses $120,631
Program Expenses $1,165,643
Other Expenses $60,574
TOTAL EXPENSES $1,361,344

Year-over-Year Comparison

2024 2023 Change
Revenue $1,374,326 $823,149 +0.7%
Expenses $1,361,344 $776,926 +0.8%
Net Income $12,982 $46,223 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
206

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
4
$0
Total Directors
9
$0
Key Employees
1
$167,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacey Hofman President 35.00
Officer Director
$0 $0 $0
Cornelius Hofman Chair/Treasurer 25.00
Officer Director
$0 $0 $0
Ari Aki Member 1.00
Director
$0 $0 $0
Michael Sloyer Member 1.00
Director
$0 $0 $0
Dayne Jensen Member 6.00
Director
$0 $0 $0
Glen Stephenson Member 4.00
Director
$0 $0 $0
Aaron Warner Member 4.00
Director
$0 $0 $0
Reed Hansen Asst Treasurer 2.00
Officer Director
$0 $0 $0
Andy Crossman Member 6.00
Director
$0 $0 $0
Deb Winward Secretary 1.00
Officer
$0 $0 $0
Austin Johnson Executive Director 40.00
Key Emp
$167,000 $0 $167,000
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 $1,374,326 $1,361,344 $639,572 $12,982
2023 $823,149 $776,926 $608,033 $46,223
2022 $819,747 $902,699 $528,131 $-82,952
2021 $1,090,860 $579,419 $608,496 $511,441
2020 $360,389 $336,211 $115,713 $24,178
2019 $592,103 $610,359 $90,830 $-18,256
2018 $619,719 $608,407 $92,111 $11,312
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