RAFIKI FOUNDATION INC (EIN 742477089) - 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

1987

Legal Domicile

Principal Officer

KAREN ELLIOTT

Phone

3524839131

Tax Period

2023-01-01 to 2023-12-31

RAFIKI FOUNDATION INC, founded in 1987, is a mid-sized nonprofit in the International Affairs sector that reported $11.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO HELP AFRICANS KNOW GOD AND TO HELP THEM RAISE THEIR STANDARD OF LIVING WITH EXCELLENCE AND INTEGRITY. RAFIKI IS A CHRISTIAN, INTERDENOMINATIONAL MISSION ORGANIZATION INCORPORATED IN THE UNITED STATES. THE FOUNDATION OPERATES ONE RAFIKI TRAINING VILLAGE IN EACH OF TEN AFRICAN COUNTRIES. RAFIKI'S MISSION:TRAINING AFRICANS TO TRANSFORM AFRICA FOR CHRIST. RAFIKI'S VISION: EQUIPPING A MULITITUDE OF AFRICANS TO BRING EDUCATIONAL, BIBLICAL, AND ECONOMIC TRANSFORMATION TO THEIR CONTINENT. RAFIKI'S STRATEGY: RAFIKI HAS ESTABLISHED ONE MODEL RAFIKI TRAINING VILLAGE IN EACH OF THE TEN AFRICAN COUNTRIES WHERE ORPHANS ARE CARED FOR AND EDUCATED WITH CHRISTIAN, CLASSICAL CURRICULUM, LEADING TO A VOCATION OR COLLEGE. IN ADDITION, EACH VILLAGE HAS A PRE K12 CHRISTIAN CLASSICAL SCHOOL FOR THE ORPHANS AND DISADVANTAGED CHILDREN FROM THE COMMUNITY. PLUS SEVEN OF THE TEN RAFIKI VILLAGES CONTAIN A CHRISTIAN TEACHER'S COLLEGE PROVIDING TEACHER TRAINING. LASTLY, RAFIKI PARTNERS WITH 23 AFRICA DENOMINATION

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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 $11,291,336

Program Service Revenue $57,987

Investment Income $92,008

Other Revenue $-99,007

TOTAL REVENUE $11,342,324

Expense Breakdown

Grants Paid $16,071

Salaries & Benefits $2,589,729

Fundraising Expenses $304,405

Program Expenses $10,759,379

Other Expenses $9,129,621

TOTAL EXPENSES $11,735,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,342,324	$9,489,772	+0.2%
Expenses	$11,735,421	$11,314,507	+0.0%
Net Income	$-393,097	$-1,824,735	-0.8%

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

$154,039

Total Directors

$154,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ELLIOTT	CEO/EXEC DIR	60.00	Officer Director	$125,236	$10,411	$135,647
DR ROSEMARY JENSEN	PRES THRU JA	20.00	Officer Director	$16,640	$1,752	$18,392
DR TIM HOKE	DIRECTOR	1.00	Director	$0	$0	$0
DR DENNIS JOHNSON	PRES POST JA	1.00	Officer Director	$0	$0	$0
MAYHOWARD JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KUMPE	DIRECTOR	1.00	Director	$0	$0	$0
LANNY NIXON	DIRECTOR	1.00	Director	$0	$0	$0
CARLA NORTHINGTON	VP POST JAN/	1.00	Officer Director	$0	$0	$0
TOM SHOQUIST	TREASURER	1.00	Officer Director	$0	$0	$0
DR GUY WATERS	SECRETARY	1.00	Officer 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	$11,342,324	$11,735,421	$21,829,765	$-393,097
2022	$9,489,772	$11,314,507	$22,250,426	$-1,824,735
2021	$10,619,159	$9,785,592	$23,488,735	$833,567
2020	$9,146,875	$8,670,211	$22,647,434	$476,664
2019	$7,921,677	$9,356,352	$22,181,737	$-1,434,675
2018	$8,470,579	$9,300,134	$23,642,198	$-829,555

RAFIKI FOUNDATION INC