THE AFRICA-AMERICA INSTITUTE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

KOFI APPENTENG

Phone

2129495666

Tax Period

2023-01-01 to 2023-12-31

THE AFRICA-AMERICA INSTITUTE, founded in 1953, is a community nonprofit in the International Affairs sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

FOUNDED IN 1953, THE AFRICA-AMERICA INSTITUTE PROMOTES ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH EDUCATION, TRAINING AND DIALOGUE. AAI DESIGNS AND MANAGES PROGRAMS THAT ENABLE AFRICAN STUDENTS TO PURSUE ACADEMIC DEGREES AND NON-DEGREE PROFESSIONAL CERTIFICATES AT QUALITY TERTIARY (POST SECONDARY) INSTITUTIONS WITHIN AND OUTSIDE AFRICA. AAI PROGRAMS ALSO PROVIDE A PLATFORM FOR AFRICAN PERSPECTIVES TO INFORM U.S. POLICIES AND ATTITUDES TOWARD AFRICA THAT HAVE A BEARING ON AFRICAN HUMAN CAPACITY BUILDING. AAI'S CORE PURPOSE IS TO CONTRIBUTE TO THE REDUCTION OF POVERTY AND UNEMPLOYMENT, AND THE EXPANSION OF FREEDOM, IN AFRICA. TO DATE WE HAVE ROUGHLY 23,000 ALUMNI WHO HAVE BENEFITED FROM OUR ADVANCED ACADEMIC AND PROFESSIONAL TRAINING PROGRAMS. AMONG THESE INDIVIDUALS IS WANGARI MAATHAI THE SCIENTIST, ENVIRONMENTAL ACTIVIST, AND 2004 NOBEL LAUREATE FROM KENYA.

Program Service Accomplishments

Program 1

Expenses: $2,654,526

AAI'S AFRICAN HIGHER EDUCATION PROGRAM MANAGES SCHOLARSHIPS AND OTHERWISE PROVIDES OPPORTUNITIES FOR AFRICAN MEN AND WOMEN TO RECEIVE ADVANCED ACADEMIC, PROFESSIONAL, AND LEADERSHIP TRAINING WITHIN...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,482,929

Program Service Revenue $0

Investment Income $77,513

Other Revenue $-94,072

TOTAL REVENUE $3,466,370

Expense Breakdown

Grants Paid $353,552

Salaries & Benefits $871,929

Fundraising Expenses $596,394

Program Expenses $2,654,526

Other Expenses $2,610,030

TOTAL EXPENSES $3,835,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,466,370	$2,499,412	+0.4%
Expenses	$3,835,511	$3,425,065	+0.1%
Net Income	$-369,141	$-925,653	-0.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$443,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIK AMARTEIFIO	TRUSTEE	5.00	Director	$0	$0	$0
PETER MCKILLOP	TRUSTEE	5.00	Director	$0	$0	$0
PROF OUSSEINA ALIDOU	TRUSTEE	5.00	Director	$0	$0	$0
MAMADOU BEYE	TRUSTEE	5.00	Director	$0	$0	$0
REBECCA L EDWARDS	TRUSTEE	5.00	Director	$0	$0	$0
MICHELLE GAVIN	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTAL M JACKSON	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT MCCARTHY	SECRETARY	5.00	Officer Director	$0	$0	$0
KHUMO SHONGWE	TRUSTEE	5.00	Director	$0	$0	$0
HUMBLE LUKANGA	TRUSTEE	5.00	Director	$0	$0	$0
KOFI APPENTENG	PRESIDENT & CEO	35.00	Officer	$240,690	$36,832	$277,522
AMBAR TAVAREZ	CHIEF FINANCIAL OFFICER	35.00	Officer	$141,200	$24,892	$166,092
SYDNEY PLANT	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$127,500	$7,919	$135,419
JOURDEN WARREN	CHIEF OF STRATEGIC PARTNERSHIPS AND ENGAGEMENT	35.00	Highest	$114,613	$16,734	$131,347

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	$3,466,370	$3,835,511	$5,234,771	$-369,141
2022	$2,499,412	$3,425,065	$4,828,144	$-925,653
2021	$2,165,945	$2,090,541	$4,440,622	$75,404
2020	$2,951,937	$2,366,790	$4,992,204	$585,147
2019	$2,315,621	$3,137,359	$4,121,977	$-821,738
2018	$2,570,828	$3,360,252	$4,099,367	$-789,424