FRIENDS OF SOLID AFRICA (EIN 473405403) - 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

BETH CROOKHAM

Phone

9106192860

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF SOLID AFRICA, founded in 2015, is a community nonprofit in the International Affairs sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 455% from the prior year, signaling strong growth momentum.

Mission

FRIENDS OF SOLIDAFRICA EXISTS PRIMARILY AS A FUNDRAISING ENTITY TO BENEFIT THE WORK OF SOLIDAFRICA, A RWANDAN NON-GOVERNMENT ORGANIZATION FOCUSED ON FEEDING AND ASSISTING THE MOST ECONOMICALLY VULNERABLE OF PATIENTS IN THE PUBLIC HOSPITALS OF RWANDA. WE ARE A NEW ORGANIZATION OF INDIVIDUALS WHO HAVE INDEPENDENTLY HELPED TO RAISE FUNDS AND MATERIALS THROUGH OUR OWN EFFORTS AND WE NOW WILL WORK TOGETHER TO THAT SAME END. WE WILL HOLD AN ANNUAL FUNDRAISING CAMPAIGN/EVENT AND BUILD AWARENESS OF THE NEED IN THE RWANDAN PUBLIC HOSPITALS. WE WILL ALSO APPLY FOR GRANTS TO SUPPORT THE ON GOING WORK OF SOLIDAFRICA.

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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 $4,473,136

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,473,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,500

Program Expenses $4,398,168

Other Expenses $4,417,124

TOTAL EXPENSES $4,417,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,473,136	$806,049	+4.5%
Expenses	$4,417,124	$806,300	+4.5%
Net Income	$56,012	$-251	-224.2%

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

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

Total Directors

$17,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUBY JOHNSON	MEMBER	0.25	Director	$17,500	$0	$17,500
BELISE RUTAGENGWA	MEMBER	0.25	Director	$0	$0	$0
BETH CROOKHAM	PRESIDENT	0.50	Officer	$0	$0	$0
SUSAN EVANS	VICE PRESIDE	0.50	Officer	$0	$0	$0
DONNA HACKLEY	SECRETARY	0.25	Officer	$0	$0	$0
LYDIA HSU	TREASURER	0.50	Officer	$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
2025	No data	No data	No data	No data
2024	$4,473,136	$4,417,124	$61,317	$56,012
2023	$806,049	$806,300	$5,305	$-251
2022	$530,518	$580,155	$5,556	$-49,637
2021	$419,358	$367,286	$55,193	$52,072

FRIENDS OF SOLID AFRICA