AFRICAN CAREER EDUCATION & RESOURCES (EIN 471207676) - 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

2012

Legal Domicile

Principal Officer

Nelima Sitati Munene

Phone

7636577711

Tax Period

2023-01-01 to 2023-12-31

AFRICAN CAREER EDUCATION & RESOURCES, founded in 2012, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

ACER is the leading issue-based community organization working to uplift and amplify the African Diaspora to build power for systemic change that advances racial and economic equity in communities.

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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 $747,750

Program Service Revenue $736,935

Investment Income $0

Other Revenue $38

TOTAL REVENUE $1,484,723

Expense Breakdown

Grants Paid $82,770

Salaries & Benefits $825,691

Fundraising Expenses $35,445

Program Expenses $1,250,125

Other Expenses $560,050

TOTAL EXPENSES $1,468,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,484,723	$1,773,089	-0.2%
Expenses	$1,468,511	$1,587,909	-0.1%
Net Income	$16,212	$185,180	-0.9%

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

$93,186

Total Directors

$93,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nelima Sitati Munene	Executive Director	40	Officer Director	$93,186	$0	$93,186
Alfredmy Chessor	Director	1	Director	$0	$0	$0
Collins Oppong	Director	1	Director	$0	$0	$0
Mfon Archibong	Director	1	Director	$0	$0	$0
Susan Mabera	Director	1	Director	$0	$0	$0
Annette Davis	Director	1	Director	$0	$0	$0
Manka Nkimbeng	Board Member	1	Director	$0	$0	$0
Aiysha Mustapha	Board Chair	1	Director	$0	$0	$0
Alfreda Daniels	Board Secretary	1	Director	$0	$0	$0
Latisha Barzey	Board Treasurer	1	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	$1,484,723	$1,468,511	$1,994,238	$16,212
2022	$1,773,089	$1,587,909	$1,689,922	$185,180
2021	$1,897,208	$1,645,867	$1,375,992	$251,341
2020	$1,605,991	$720,622	$1,113,397	$885,369
2019	$223,808	$212,832	$122,929	$10,976

AFRICAN CAREER EDUCATION & RESOURCES