MINNESOTA AFRICAN WOMENS ASSOCIATION (EIN 481259139) - 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

2002

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA AFRICAN WOMENS ASSOCIATION, founded in 2002, is a small nonprofit in the Human Services sector that reported $534K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum.

Mission

To promote the health and well being of African refugees and immigrant women and their families in the twin cities area through research, education, advoccacy, and programming.

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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 $534,445

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $534,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,359

Fundraising Expenses $31,344

Program Expenses $367,935

Other Expenses $341,099

TOTAL EXPENSES $558,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,445	$279,630	+0.9%
Expenses	$558,767	$248,976	+1.2%
Net Income	$-24,322	$30,654	-1.8%

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

$87,886

Total Directors

$87,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA NAMBANGI	EXECUTIVE DIRECTOR	40.00	Officer Director	$87,886	$0	$87,886
MAUREN WILSON	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD ONI	DIRECTOR-BOARD TREASURER	2.00	Director	$0	$0	$0
MAURINE TAMBI	DIRECTOR	1.00	Director	$0	$0	$0
KEY THOMAS	DIRECTOR-BOARD SECRETARY	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	No data	No data	No data	No data
2023	$534,445	$558,767	$58,833	$-24,322
2022	$279,630	$246,650	$35,571	$32,980

MINNESOTA AFRICAN WOMENS ASSOCIATION