AFRICAN DIASPORA DEVELOPMENT INSTI… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

DOCTOR ARIKANA CHIHOMBORI

Phone

6155047177

Tax Period

2024-01-01 to 2024-12-31

AFRICAN DIASPORA DEVELOPMENT INSTITUTE, founded in 2020, is a small nonprofit in the Health Care sector that reported $235K in total revenue in fiscal year 2024. Revenue surged 374% from the prior year, signaling strong growth momentum.

Mission

To promote unity among the African Diaspora and to encourage them to participate in the development of Africa. To educate the African Diaspora about investment opportunities in Africa. Help diapora to participate in the construction of the Africa they want

Program Service Accomplishments

Program 1

Travelled accross Africa meeting with country leaders to discuss children of Africa opportunities to investing in the region and being a part of the cultural viber

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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 $234,864

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,040

Fundraising Expenses $6,954

Other Expenses $146,824

TOTAL EXPENSES $234,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,864	$49,513	+3.7%
Expenses	$234,864	$183,218	+0.3%
Net Income	$0	$-133,705	-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

N/A

Employees

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
DR ARIKANA CHIBOMBORI	CHIEF EXECUTIVE OFFICER	40	Director	$0	$0	$0
BENSON KASUE	TREASURER	7		$0	$0	$0
DAMIAN C COOK	VICE PRESIDENT	30	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	$234,864	$234,864	No data	No data
2023	$49,513	$183,218	No data	$-133,705
2021	$329,289	$334,989	No data	$-5,700

AFRICAN DIASPORA DEVELOPMENT INSTITUTE