Emenike-Ogunnaike Charitable Foundation (EIN 813072927) - 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

2016

Legal Domicile

Principal Officer

Chika Ogunnaike

Phone

8188944151

Tax Period

2020-01-01 to 2020-12-31

Emenike-Ogunnaike Charitable Foundation, founded in 2016, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2020. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $829K, a strong 73% operating margin.

Mission

Supporting education in third world countries for families with disabled or underpriveledged children.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,113,417

Program Service Revenue $0

Investment Income $17,182

Other Revenue $0

TOTAL REVENUE $1,130,599

Expense Breakdown

Grants Paid $299,636

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,636

Other Expenses $2,307

TOTAL EXPENSES $301,943

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,130,599	$460,000	+1.5%
Expenses	$301,943	$70,662	+3.3%
Net Income	$828,656	$389,338	+1.1%

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

N/A

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
Chika Ogunnaike	President	5.00	Officer	$0	$0	$0
David Ogunnaike	Vice President	0.00	Officer	$0	$0	$0
Adetayo Ogunnaike	Secretary	0.00	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
2020	$1,130,599	$301,943	$1,474,129	$828,656
2019	$460,000	$70,662	$644,312	$389,338

Emenike-Ogunnaike Charitable Foundation