AFRICATOWN COMMUNITY LAND TRUST (EIN 821710458) - 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

Jacqueline Armstrong

Tax Period

2024-01-01 to 2024-12-31

AFRICATOWN COMMUNITY LAND TRUST, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

Acquire, steward, develop land assets in the greater Seattle area to preserve and support Seattles Black/African diaspora community. Work with local stakeholders and the City of Seattle to provide affordable housing for vulnerable, disadvantaged Seattle residents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,976,388

Program Service Revenue $11,928

Investment Income $0

Other Revenue $219,680

TOTAL REVENUE $7,207,996

Expense Breakdown

Grants Paid $121,564

Salaries & Benefits $3,166,159

Fundraising Expenses $184,085

Program Expenses $6,302,047

Other Expenses $4,544,960

TOTAL EXPENSES $7,832,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,207,996	N/A	N/A
Expenses	$7,832,683	N/A	N/A
Net Income	$-624,687	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

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

Total Directors

Key Employees

$223,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
K Wyking Garrett	Chief Executive Officer	50.00	Key Emp	$223,250	$0	$223,250
Cochise More	Director of Operations	40.00	Highest	$112,350	$0	$112,350
Rita Green	Finance Director	40.00	Highest	$112,350	$0	$112,350
Jorge Perez-Barros	Program Coordinator	40.00	Highest	$111,332	$0	$111,332
Jacqueline Armstrong	Chair	4.00	Officer Director	$0	$0	$0
Evan Kim	Treasurer	4.00	Officer Director	$0	$0	$0
Imani Moronkola	Board Member	4.00	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	$7,207,996	$7,832,683	$21,424,465	$-624,687
2023	$7,121,393	$7,259,906	$20,444,144	$-138,513
2022	$7,969,878	$7,339,776	$19,114,449	$630,102
2021	$4,812,847	$2,083,342	$18,901,202	$2,729,505
2020	$1,726,990	$1,282,955	$2,025,701	$444,035
2019	$436,258	$367,688	$1,447,465	$68,570
2018	$161,755	$182,360	$1,316,395	$-20,605

AFRICATOWN COMMUNITY LAND TRUST