CULTURAL AND EDUCATIONAL ADVANCEMENT FOUNDATION INC (EIN 631262281) - 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

2001

Legal Domicile

Phone

2059038411

Tax Period

2024-01-01 to 2024-12-31

CULTURAL AND EDUCATIONAL ADVANCEMENT FOUNDATION INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $161K in total revenue in fiscal year 2020. Revenue surged 12105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 64% operating margin.

Mission

The Cultural and Educational Advancement Foundation Incorporated "CEAF," as it is commonly referred exists for the sole purpose of improving the human condition through implementation and support of various community programs. These programs generate funds for scholarships provide cultural enrichment and or financial support to the community irrespective of race religion or natural origin. CEAF was organized for charitable purposes as determined by the Internal Revenue Service under exempt organizations as a 501c3. CEAF accomplishes its mission through support of corporations individuals and groups who share the Foundations interests and commitment to the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $431,935

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $431,935

Expense Breakdown

Grants Paid $47,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,844

Other Expenses $305,322

TOTAL EXPENSES $352,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,935	$174,673	+1.5%
Expenses	$352,322	$238,967	+0.5%
Net Income	$79,613	$-64,294	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tammy Fincher	President	1.00	Officer	$0	$0	$0
Angela Day	Vice President	1.00	Officer	$0	$0	$0
LaDaria Hartley	Secretary	1.00	Officer	$0	$0	$0
Rhonda Allen	Treasurer	1.00	Officer	$0	$0	$0
Kathy Bonds	Financial Secretary	1.00	Officer	$0	$0	$0
Cherie Dortch	Building Treasurer	1.00	Officer	$0	$0	$0
Iverlynn Dudley-Bennison	Building Secretary	1.00	Officer	$0	$0	$0
Stephanie Ayers-Milsap	Director	1.00	Director	$0	$0	$0
Gennia Baldwin	Director	1.00	Director	$0	$0	$0
Michelle Clemon	Director	1.00	Director	$0	$0	$0
Pamela Cook	Director	1.00	Director	$0	$0	$0
Gaynell Hendricks	Trustee	1.00	Director	$0	$0	$0
Thomasyne Hill	Director	1.00	Director	$0	$0	$0
Candace Hornbuckle	Director	1.00	Director	$0	$0	$0
Tracy Lyons	Director	1.00	Director	$0	$0	$0
Susanne Matthews	Director	1.00	Director	$0	$0	$0
Pauline Parker	Director	1.00	Director	$0	$0	$0
Donna Sargent	Director	1.00	Director	$0	$0	$0
Beverly Smith	Director	1.00	Director	$0	$0	$0
Crystal Smith	Director	1.00	Director	$0	$0	$0
Gwendolyn Tilghman	Director	1.00	Director	$0	$0	$0
Ellise Washington	Director	1.00	Director	$0	$0	$0
Anita Westberry	Director	1.00	Director	$0	$0	$0
Dorothy Wilson	Director	1.00	Director	$0	$0	$0
Cassandra Winston-Griffin	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
2025	No data	No data	No data	No data
2024	$431,935	$352,322	$2,324,307	$79,613
2023	$174,673	$238,967	$1,702,426	$-64,294
2023	$249,297	$238,967	$2,244,694	$10,330
2022	$278,925	$149,322	$1,604,410	$129,603
2021	$179,362	$129,410	$908,658	$49,952
2020	$160,746	$58,478	$883,191	$102,268

CULTURAL AND EDUCATIONAL ADVANCEMENT FOUNDATION INC