WEST AFRICA VOCATIONAL EDUCATION INC (EIN 472300678) - 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

2015

Legal Domicile

Principal Officer

ORIGHOMISAN REWANE

Phone

3014740304

Tax Period

2024-01-01 to 2024-12-31

WEST AFRICA VOCATIONAL EDUCATION INC, founded in 2015, is a micro nonprofit in the International Affairs sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO LEVEL THE PLAYING FIELD FOR UNDERSERVED AFRICAN YOUTH BY BUILDING AN ECOSYSTEM THAT SUPPORTS RELEVANT SKILLS DEVELOPMENT AND INCREASED INCOMES FOR WORK-READY YOUTH.

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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 $51,777

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $36,000

Program Expenses $50,000

Other Expenses $98,866

TOTAL EXPENSES $98,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,777	$237,368	-0.8%
Expenses	$98,866	$55,167	+0.8%
Net Income	$-47,089	$182,201	-1.3%

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
NNENNA ONYEWUCHI	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLEY SOMUAH	DIRECTOR	2.00	Director	$0	$0	$0
MOLADE ADENIYI	CEO	8.00	Officer Director	$0	$0	$0
OLUSHOLA ADEOLA	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN MEZUE	DIRECTOR	2.00	Director	$0	$0	$0
ORIGHOMISAN REWANE	DIRECTOR	2.00	Director	$0	$0	$0
NOELLA MOSHIE	DIRECTOR	2.00	Director	$0	$0	$0
KARAN CHOPRA	DIRECTOR	2.00	Director	$0	$0	$0
ENIOLA HARRISON	DIRECTOR	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	$51,777	$98,866	$28,112	$-47,089
2023	$237,368	$55,167	$209,707	$182,201
2022	$103,000	$29,449	$101,000	$73,551
2021	$29,500	$48,934	$27,449	$-19,434
2020	$81,760	$88,431	$47,061	$-6,671
2019	$277,039	$263,113	$53,732	$13,926
2018	$42,391	$278,661	$39,806	$-236,270

WEST AFRICA VOCATIONAL EDUCATION INC