Nafasi Fund (EIN 815363891) - 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

2017

Legal Domicile

Principal Officer

TOYA RANDALL

Phone

2562416750

Tax Period

2024-01-01 to 2024-12-31

Nafasi Fund, founded in 2017, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2020. Revenue surged 506047% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 100% operating margin.

Mission

UNDERGIRD THE POWERFUL WORK OF BLACK-LED ORGANIZATIONS BY CONNECTING THEM TO THE OPPORTUNITIES CAPACITY AND SPACE THEY NEED TO INCREASE THEIR EFFECTIVENESS AND GROW INDEPENDENT

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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 $81,514

Program Service Revenue $0

Investment Income $2,459,241

Other Revenue $27

TOTAL REVENUE $2,540,782

Expense Breakdown

Grants Paid $8,886,770

Salaries & Benefits $151,231

Fundraising Expenses $0

Program Expenses $9,318,252

Other Expenses $669,041

TOTAL EXPENSES $9,707,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,540,782	$2,702,405	-0.1%
Expenses	$9,707,042	$5,683,232	+0.7%
Net Income	$-7,166,260	$-2,980,827	+1.4%

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

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

$18,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOYA RANDALL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM BUSTER	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST COMER III	MANAGING DIRECTOR	40.00	Officer	$18,220	$0	$18,220

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	$2,540,782	$9,707,042	$3,789,283	$-7,166,260
2023	$2,702,405	$5,683,232	$14,788,811	$-2,980,827
2022	$15,621,844	$2,023,113	$17,572,200	$13,598,731
2021	$1,200,046	$1,109,393	$1,420,294	$90,653
2020	$1,305,860	$3,099	$1,302,018	$1,302,761

Nafasi Fund