WEST AFRICAN RESEARCH ASSOCIATION C/O JENNY PARKER DIRECTOR (EIN 521690509) - 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

1989

Legal Domicile

Principal Officer

SYLVIA MACAULEY

Phone

6173538902

Tax Period

2023-10-01 to 2024-09-30

WEST AFRICAN RESEARCH ASSOCIATION C/O JENNY PARKER DIRECTOR, founded in 1989, is a small nonprofit in the International Affairs sector that reported $593K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE WEST AFRICAN RESEARCH ASSOCIATION INC. (WARA) WAS FOUNDED IN 1989 TO ENHANCE COLLABORATIVE RESEARCH AND SCHOLARLY EXCHANGE BETWEEN U.S. AND WEST AFRICAN SCHOLARS, EDUCATORS, AND INSTITUTIONS AND TO INCREASE KNOWLEDGE ABOUT AND INTEREST IN AFRICA IN THE U.S.

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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 $541,310

Program Service Revenue $51,868

Investment Income $0

Other Revenue $0

TOTAL REVENUE $593,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,518

Fundraising Expenses $0

Program Expenses $576,480

Other Expenses $550,452

TOTAL EXPENSES $643,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,178	$665,897	-0.1%
Expenses	$643,970	$645,894	0.0%
Net Income	$-50,792	$20,003	-3.5%

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

Total Directors

$67,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY PARKER	EXECUTIVE DI	2.00	Director	$67,500	$0	$67,500
CINDER COOPER-BARNES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RITA KIKI EDOZIE	SECRETARY	2.00	Officer Director	$0	$0	$0
HILARY HUNGERFORD	TREASURER	2.00	Officer Director	$0	$0	$0
SYLVIA MACAULEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ISMAEL MONTANA	PAST PRESIDE	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	$593,178	$643,970	$134,464	$-50,792
2023	$665,897	$645,894	$185,256	$20,003
2022	$676,094	$706,967	$165,253	$-30,873
2021	$649,858	$614,251	$196,126	$35,607
2020	$621,457	$572,104	$160,519	$49,353
2019	$626,470	$623,566	$112,355	$2,904
2018	$590,002	$593,371	$123,252	$-3,369

WEST AFRICAN RESEARCH ASSOCIATION C/O JENNY PARKER DIRECTOR