AFRO CHARITIES INC (EIN 526063917) - 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

1963

Legal Domicile

Principal Officer

SAVANNAH WOOD

Phone

4436463674

Tax Period

2023-07-01 to 2024-06-30

AFRO CHARITIES INC, founded in 1963, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 507% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 75% operating margin.

Mission

TO CARE FOR AND CREATE MEANINGFUL OPPORTUNITIES FOR THE PUBLIC TO ENGAGE WITH THE HISTORIC AFRO AMERICAN NEWSPAPER ARCHIVES

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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 $3,870,531

Program Service Revenue $18,848

Investment Income $1,871

Other Revenue $0

TOTAL REVENUE $3,891,250

Expense Breakdown

Grants Paid $5,500

Salaries & Benefits $418,861

Fundraising Expenses $64,026

Program Expenses $831,527

Other Expenses $512,219

TOTAL EXPENSES $966,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,891,250	$641,541	+5.1%
Expenses	$966,580	$180,269	+4.4%
Net Income	$2,924,670	$461,272	+5.3%

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

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

$114,835

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MATTHEWS	CHAIR	2.000	Officer Director	$0	$0	$0
RASHIDA BUMBRAY	VICE CHAIR	2.000	Officer Director	$0	$0	$0
DANA COLE	TREASURER	2.000	Officer Director	$0	$0	$0
CHANEL COMPTON JOHNSON	SECRETARY	2.000	Officer Director	$0	$0	$0
OLUWATOSIN ADEGBOLA RICHARD	DIRECTOR	1.000	Director	$0	$0	$0
BEVERLY CARTER	DIRECTOR	1.000	Director	$0	$0	$0
FRANCES MURPHY DRAPER	DIRECTOR	1.000	Director	$0	$0	$0
KIMBERLY MOFFITT	DIRECTOR	1.000	Director	$0	$0	$0
ROBIN WOOD	DIRECTOR	1.000	Director	$0	$0	$0
SAVANNAH WOOD	EXECUTIVE DIRECTOR	60.00	Officer	$114,835	$0	$114,835

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	$3,891,250	$966,580	$6,934,481	$2,924,670
2023	$390,141	$445,837	$3,760,803	$-55,696
2022	$2,451,371	$258,195	$2,266,995	$2,193,176

AFRO CHARITIES INC