African Diaspora Network (EIN 460632056) - 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

2011

Legal Domicile

Principal Officer

Almaz Negash

Phone

4089815876

Tax Period

2024-01-01 to 2024-12-31

African Diaspora Network, founded in 2011, is a community nonprofit in the International Affairs sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

Accelerating Black Leadership and Entrepreneurship (ABLE) is an enterprise accelerator program designed to strengthen, energize, and support 15-20 small businesses and nonprofit organizations led by Black entrepreneurs in the United States.

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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 $1,076,631

Program Service Revenue $0

Investment Income $323

Other Revenue $0

TOTAL REVENUE $1,076,954

Expense Breakdown

Grants Paid $170,500

Salaries & Benefits $503,083

Fundraising Expenses $66,545

Program Expenses $1,051,806

Other Expenses $637,972

TOTAL EXPENSES $1,323,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,076,954	$1,168,450	-0.1%
Expenses	$1,323,795	$1,289,145	+0.0%
Net Income	$-246,841	$-120,695	+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

$156,000

Total Directors

$156,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Almaz Negash	CEO	40.00	Officer Director	$150,000	$6,000	$156,000
Twum Djin	Board Chair	3.00	Officer Director	$0	$0	$0
Innocent Shumba	Treasurer	3.00	Officer Director	$0	$0	$0
Josh Ghaim	Director	10.00	Director	$0	$0	$0
Raj Aji	Director	3.00	Director	$0	$0	$0
Ndeye Makalou	Director	3.00	Director	$0	$0	$0
Agnieska Winkler	Director	3.00	Director	$0	$0	$0
Dr Josephine Fubara	Director	3.00	Director	$0	$0	$0
Rick Levenson	Director	3.00	Director	$0	$0	$0
Kedest Tesfagiorgis	Director	3.00	Director	$0	$0	$0
Manoj Jain	Director	3.00	Director	$0	$0	$0
Daniel Hartz	CFO & Secretary	5.00	Officer	$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	$1,076,954	$1,323,795	$1,390,226	$-246,841
2023	$1,168,450	$1,289,145	$1,026,763	$-120,695
2022	$1,285,679	$683,044	$1,132,428	$602,635
2021	$741,130	$484,402	$538,667	$256,728
2020	$400,345	$319,546	$261,772	$80,799
2019	$306,442	$190,938	$180,973	$115,504

African Diaspora Network