ELEGBA FOLKLORE SOCIETY INC (EIN 541633907) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ELEGBA FOLKLORE SOCIETY INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2021. The organization ran a surplus of $36K, a strong 17% operating margin.

Mission

PROVIDES CULTURAL ARTS PROGRAMS FOR FAMILIES INCLUDING FESTIVALS, HISTORY TOURS, VISUAL ARTS AND PERFORMANCES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $219,603

Program Service Revenue $109,827

Investment Income $0

Other Revenue $0

TOTAL REVENUE $329,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,814

Other Expenses $264,814

TOTAL EXPENSES $264,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,430	$233,916	+0.4%
Expenses	$264,814	$244,817	+0.1%
Net Income	$64,616	$-10,901	-6.9%

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

N/A

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

$50,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANINE Y BELL	PRESIDENT ARTISTIC DIRECTOR	40.00	Officer	$50,435	$0	$50,435
DENNIS WINSTON	TREASURER	1.00	Director	$0	$0	$0
LATONYA RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
BETH MARSCHAK	DIRECTOR	1.00	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	$329,430	$264,814	$180,830	$64,616
2022	$233,916	$244,817	$116,214	$-10,901
2022	$231,915	$244,817	$114,213	$-12,902
2022	$233,916	$244,817	$116,214	$-10,901
2021	$216,609	$180,836	$127,115	$35,773

ELEGBA FOLKLORE SOCIETY INC