Home to Enhance African Life (EIN 463460597) - 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

Principal Officer

Nick Costello

Phone

3129524855

Tax Period

2023-01-01 to 2023-12-31

Home to Enhance African Life, founded in 2013, is a small nonprofit in the International Affairs sector that reported $268K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $254K left a modest 5% surplus.

Mission

HEAL protects and empowers vulnerable orphans, widows, and other marginalized individuals in Nigeria by developing and supporting transformative 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $267,848

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,848

Expense Breakdown

Grants Paid $190,434

Salaries & Benefits $0

Fundraising Expenses $44,929

Program Expenses $190,434

Other Expenses $63,703

TOTAL EXPENSES $254,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,848	$412,331	-0.4%
Expenses	$254,137	$429,467	-0.4%
Net Income	$13,711	$-17,136	-1.8%

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
Nick Costello	President	50.00	Officer Director	$0	$0	$0
Leo Okonkwo	Vice President	50.00	Officer Director	$0	$0	$0
Anastasia Okonkwo	Secretary	15.00	Officer Director	$0	$0	$0
Richard Portis	Treasurer	2.00	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	No data	No data	No data	No data
2023	$267,848	$254,137	$14,072	$13,711
2022	$412,331	$429,467	$361	$-17,136
2021	$640,192	$628,806	$17,497	$11,386
2020	$683,162	$690,636	$6,111	$-7,474
2019	$638,575	$627,598	$13,585	$10,977
2018	$442,685	$483,461	$2,608	$-40,776

Home to Enhance African Life