IBADAN DESCENDANTS OF NEW YORK INC (EIN 800529181) - Form 990 Financial Analysis & Trantor Score

🔒

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

2010

Legal Domicile

Principal Officer

OLUSOLA ONIFADE

Phone

9176871243

Tax Period

2023-01-01 to 2023-12-31

IBADAN DESCENDANTS OF NEW YORK INC, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $3K exceeded revenue, resulting in a 72% operating deficit.

Mission

A SOCIAL CULTURAL UNION, FULLY COMMITTED TO EDUCATE IBADAN DESCENTS TO PROMOTE CULTURAL HERITAGE THEREBY FOSTERING THE TOWNS ECONOMIC GROWTH.

🔒

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 $1,970

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,387

Other Expenses $3,387

TOTAL EXPENSES $3,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,970	$1,307	+0.5%
Expenses	$3,387	$395	+7.6%
Net Income	$-1,417	$912	-2.6%

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

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
PASTOR OLUSOLA ONIFADE	PRESIDENT	025.00	Officer	$0	$0	$0
SANNI RASAK	VICE PRESIDENT	010.00	Officer	$0	$0	$0
FAUSAT LADIPO	GENERAL SECRETARY	015.00	Officer	$0	$0	$0
HADRAT AZEEZ	FINANCIAL SECRETARY	015.00	Officer	$0	$0	$0
ADEMOLA TOMORI	TREASURER	020.00	Officer	$0	$0	$0
ADENIKE BADMUS	PUBLIC RELATION OFFICER	010.00	Officer	$0	$0	$0
KEHINDE OLATUNDE	SOCIAL SECRETARY	015.00	Officer	$0	$0	$0
M A AKINTOYE	MATRON	010.00	Officer	$0	$0	$0
KUBURAT SCOTT	IYALODE	010.00	Officer	$0	$0	$0
BAYO TINUADE	AUDITOR	010.00	Officer	$0	$0	$0
OLAWALE OLALERE	EX-OFFICIO	010.00	Officer	$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
2023	$1,970	$3,387	$6,822	$-1,417
2022	$1,307	$395	$8,239	$912
2019	$4,931	$3,432	$2,767	$1,499
2018	$960	$3,525	$1,268	$-2,565

IBADAN DESCENDANTS OF NEW YORK INC