AFRICAN STUDIES ASSOCIATION INC

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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

1957

Legal Domicile

Principal Officer

ALIX SABA

Phone

8484458173

Tax Period

2023-01-01 to 2023-12-31

AFRICAN STUDIES ASSOCIATION INC, founded in 1957, is a small nonprofit in the Social Science sector that reported $818K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE AFRICAN STUDIES ASSOCIATION ENCOURAGES THE PRODUCTION AND DISSEMINATION OF KNOWLEDGE ABOUT AFRICA, PAST AND PRESENT.

Program Service Accomplishments

Program 1

Expenses: $848,549 Revenue: $403,597

PUBLISHING OF SCHOLARLY AND INFORMATIONAL MATERIALS ON AFRICA FOR ITS MEMBERS, PROVIDE SUPPORT SERVICES TO THE AFRICANIST COMMUNITY.

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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 $341,436

Program Service Revenue $403,597

Investment Income $73,348

Other Revenue $0

TOTAL REVENUE $818,381

Expense Breakdown

Grants Paid $14,338

Salaries & Benefits $275,817

Fundraising Expenses $0

Program Expenses $848,549

Other Expenses $728,776

TOTAL EXPENSES $1,018,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$818,381	$1,675,267	-0.5%
Expenses	$1,018,931	$812,859	+0.3%
Net Income	$-200,550	$862,408	-1.2%

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

$172,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADERONKE ADESANYA	PRESIDENT	1.00	Officer Director	$0	$0	$0
OUSSESINA D ALIDOU	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GRETCHEN BAUER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY LONGMAN	TREASURER	1.00	Director	$0	$0	$0
NANA AKUA ANYIDOHO	DIRECTOR	1.00	Director	$0	$0	$0
YACINE DADDI ADDOUN	DIRECTOR	1.00	Director	$0	$0	$0
ABDOULAYE GUEYE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPHINE JARPA DAWUNI	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL JEAN-BAPTISTE	DIRECTOR	1.00	Director	$0	$0	$0
RITA KIKI EDOZIE	DIRECTOR	1.00	Director	$0	$0	$0
ADELINE MASQUELIER	DIRECTOR	1.00	Director	$0	$0	$0
MUCHA MUSEMWA	DIRECTOR	1.00	Director	$0	$0	$0
BRIGHT NKRUMAH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TRENT VINSON	DIRECTOR	1.00	Director	$0	$0	$0
ALIX SABA	EXECUTIVE DIRECTOR	40.00	Officer	$120,909	$51,140	$172,049

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	$818,381	$1,018,931	$2,345,917	$-200,550
2022	$1,675,267	$812,859	$2,468,483	$862,408
2021	$721,227	$716,472	$1,847,713	$4,755
2020	$815,949	$806,556	$2,004,807	$9,393
2019	$892,505	$1,036,132	$1,792,813	$-143,627
2018	$879,609	$1,091,361	$1,532,134	$-211,752