AFRICAN DREAM INITIATIVE INC (EIN 462544984) - 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

2013

Legal Domicile

Phone

2122555948

Tax Period

2024-01-01 to 2024-12-31

AFRICAN DREAM INITIATIVE INC, founded in 2013, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2024. Expenses of $49K exceeded revenue, resulting in a 28% operating deficit.

Mission

WE BELIEVE THAT BEST WAY TO BUILD STRONGER AFRICA IS TO FOSTER FUTURE AFRICAN LEADERS FROM DIVERSE BACKGROUNDS.WE PROVIDE OUR TALENTED AND MOTIVATED STUDENTS WITH THE SKILLS, EDUCATION AND RESOURCES THEY NEED TO BECOME LEADERS IN THEIR OWN COMMUNITIES,CREATING A CYCLE OF SUCCESS.

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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 $38,571

Program Service Revenue $0

Investment Income $83

Other Revenue $0

TOTAL REVENUE $38,654

Expense Breakdown

Grants Paid $40,409

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,409

Other Expenses $8,958

TOTAL EXPENSES $49,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,654	$40,195	0.0%
Expenses	$49,367	$67,667	-0.3%
Net Income	$-10,713	$-27,472	-0.6%

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

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
STACY HOCK	DIRECTOR	5.00	Director	$0	$0	$0
CLARE KARABARINDE	CHAIRMAN	5.00	Director	$0	$0	$0
ANGELA SPEAKMAN	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL B SWARTZ	DIRECTOR AND SEC	5.00	Director	$0	$0	$0
JENNIFER CLARK	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN MOLL	DIRECTOR	5.00	Director	$0	$0	$0
TRACY W JOSEPH	DIRECTOR	0.00	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
2024	$38,654	$49,367	$7,450	$-10,713
2023	$40,195	$67,667	$18,163	$-27,472
2022	$81,980	$87,178	$45,635	$-5,198
2021	$79,370	$112,487	$50,833	$-33,117
2020	$124,589	$90,716	$83,950	$33,873
2019	$144,281	$114,136	$49,879	$30,145
2018	$168,791	$177,345	$19,570	$-8,554

AFRICAN DREAM INITIATIVE INC