AJF SCHOLARSHIP AND ACHIEVEMENT FOUNDATION INC

EIN: 812919415 501(c)(3) Human Services

LANDOVER, MD

Total Revenue
$75,946
Total Expenses
$76,657
Total Assets
$15,104
Net Assets
$14,478
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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
2015
Legal Domicile
MD
Principal Officer
ARMOND J FARRAR
Tax Period
2023-01-01 to 2023-12-31

AJF SCHOLARSHIP AND ACHIEVEMENT FOUNDATION INC, founded in 2015, is a micro nonprofit in the Human Services sector that reported $76K in total revenue in fiscal year 2023.

Mission

ENHANCING EDUCATIONAL OPPORTUNITIES FOR THOSE PURSING POST SECONDARY EDUCATION TO INCLUDE PROFESSIONAL CERTIFICATIONS

Program Service Accomplishments

Program 1
Expenses: $49,525 Revenue: $75,932

ENHANCING EDUCATION OPPORTUNITIES FOR THOSE PURSUING POST SECONDARY EDUCATION TO INCLUDE PROFESSIONAL CERTIFICATIONS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,932
Program Service Revenue $0
Investment Income $14
Other Revenue $0
TOTAL REVENUE $75,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,058
Fundraising Expenses $0
Program Expenses $49,525
Other Expenses $65,599
TOTAL EXPENSES $76,657

Year-over-Year Comparison

2023 2022 Change
Revenue $75,946 N/A N/A
Expenses $76,657 N/A N/A
Net Income $-711 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARMOND J FARRAR FOUNDER AND CHAIRMAN 40.00
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
2024 No data No data No data No data
2023 $75,946 $76,657 $15,104 $-711
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