WELEAD

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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

Linda Truscott

Phone

8324527784

Tax Period

2023-01-01 to 2023-12-31

WELEAD, founded in 2013, is a small nonprofit in the Youth Development sector that reported $702K in total revenue in fiscal year 2023.

Mission

Organized exclusively for charitable and educational purpose to support cultural/global understanding and exhibit West African culture to under-served communities.

Program Service Accomplishments

Program 1

Expenses: $31,591 Revenue: $25,000

Nigeria Cultural Parade & Festival to support cultural understanding and educate communities on West African communities through performing arts, traditions, and exhibitions. A minimum of 3,000...

Nigeria Cultural Parade & Festival to support cultural understanding and educate communities on West African communities through performing arts, traditions, and exhibitions. A minimum of 3,000 individuals benefitted from the program and promoted tourism to the City of Houston.

Program 2

Expenses: $5,235 Revenue: $10,830

Nigeria Masquerade Exhibition to support cultural understanding and educate communities on West African culture through performing marts, traditions, and exhibitions. A minimum of 500 individuals...

Nigeria Masquerade Exhibition to support cultural understanding and educate communities on West African culture through performing marts, traditions, and exhibitions. A minimum of 500 individuals including local artists benefitted from the program and promoted tourism to the City of Houston.

Program 3

Expenses: $127,174 Revenue: $114,602

AU Ambassadors Ball and the Diaspora Business Roundtable provided access to key information to support economic development with small medium enterprises. Provided a forum to network and support...

AU Ambassadors Ball and the Diaspora Business Roundtable provided access to key information to support economic development with small medium enterprises. Provided a forum to network and support bilateral trade with Africa and the United States.

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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 $692,619

Program Service Revenue $8,926

Investment Income $0

Other Revenue $0

TOTAL REVENUE $701,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $964

Program Expenses $669,226

Other Expenses $703,696

TOTAL EXPENSES $703,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,545	$701,545	N/A
Expenses	$703,696	$703,696	N/A
Net Income	$-2,151	$-2,151	N/A

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Clementina Amadi	Board of Director - Secretary	Director	$0	$0	$0
Linda Truscott	Executive Director	Director	$0	$0	$0
Jane Udoewa Brown	Board of Director	Director	$0	$0	$0
Wesley Stewart	Board of Director	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	$701,545	$703,696	$9,086	$-2,151