AFRO AMERICAN DEVELOPMENT ASSOCIATION (EIN 472210302) - 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

2014

Legal Domicile

Principal Officer

HUKUN DABAR

Phone

7017291001

Tax Period

2020-01-01 to 2020-12-31

AFRO AMERICAN DEVELOPMENT ASSOCIATION, founded in 2014, is a small nonprofit that reported $695K in total revenue in fiscal year 2020. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $776K exceeded revenue, resulting in a 12% operating deficit.

Mission

AFRO AMERICAN DEVELOPMENT ASSOCIATION IS A NON-GOVERNMENTAL, NON-RELIGIOUS, NON-PARTISAN, NON-PROFIT-MAKING HUMANITARIAN AND DEVELOPMENT ASSOCIATION FOUNDED ON THE SPIRIT OF CHARITY AND COMMUNITY EMPOWERMENT. THE ORGANIZATION WAS ESTABLISHED IN THE YEAR 2014 BY A GROUP OF CONCERNED DEVELOPMENT ORIENTED STUDENTS TO RESPOND HUMAN SUFFERING AMONG MARGINALIZED AND NEW AMERICAN COMMUNITIES IN THE STATES OF MINNESOTA AND NORTH DAKOTA. THE PRIMARY AIM OF FORMING AFRO AMERICAN DEVELOPMENT ASSOCIATION WAS ALLEVIATING POVERTY THROUGH SUPPORTING NEW AMERICAN COMMUNITIES AND OTHER VULNERABLE FAMILIES IN FARGO/MOORHEAD AREA BY IMPARTING NEW SKILLS THAT FOSTER JOB OPPORTUNITIES, REDUCING DEPENDENCY ON GOVERNMENT FREE BENEFITS, AND CONTRIBUTING REGIONAL ECONOMIC GROWTH AND DEVELOPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $695,395

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $695,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,894

Fundraising Expenses $0

Program Expenses $597,278

Other Expenses $678,424

TOTAL EXPENSES $776,318

Year-over-Year Comparison

	2020	2019	Change
Revenue	$695,395	$328,694	+1.1%
Expenses	$776,318	$360,434	+1.2%
Net Income	$-80,923	$-31,740	+1.5%

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

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

$81,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AHMED ISSACK	PRESIDENT	5.00	Director	$0	$0	$0
WABAR FARHAN	VICE PRESIDENT	5.00	Director	$0	$0	$0
ALI ABDULLAHI	BOARD SECRETARY	5.00	Director	$0	$0	$0
ADEN ADEN MUSE	BOARD TREASURER	5.00	Director	$0	$0	$0
ABDULLAHI MUHIYADIN ALI	BOARD MEMBER	5.00	Director	$0	$0	$0
IMAN HALIMA	BOARD MEMBER	5.00	Director	$0	$0	$0
GOTH ALI	BOARD MEMBER	5.00	Director	$0	$0	$0
DABAR HUKUN	EXECUTIVE DIRECTOR	40.00	Officer	$81,014	$0	$81,014

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
2020	$695,395	$776,318	$57,479	$-80,923
2019	$304,314	$360,134	$72,228	$-55,820
2018	$285,831	$304,801	$53,067	$-18,970

AFRO AMERICAN DEVELOPMENT ASSOCIATION