AFRICA CODE ACADEMY (EIN 822131888) - 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

2017

Legal Domicile

Principal Officer

YONGJOON LEE

Phone

6505751094

Tax Period

2021-01-01 to 2021-12-31

AFRICA CODE ACADEMY, founded in 2017, is a small nonprofit in the Education sector that reported $253K in total revenue in fiscal year 2021. Revenue surged 590% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 29% operating margin.

Mission

TO CREATE LASTING DEVELOPMENT IN AFRICA BY BUILDING A NETWORK OF SCHOLARSHIP-BASED SOFTWARE DEVELOPMENT BOOTCAMPS ACROSS THE CONTINENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $251,700

Program Service Revenue $991

Investment Income $119

Other Revenue $29

TOTAL REVENUE $252,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,141

Fundraising Expenses $10,077

Program Expenses $145,045

Other Expenses $80,870

TOTAL EXPENSES $179,011

Year-over-Year Comparison

	2021	2020	Change
Revenue	$252,839	$36,643	+5.9%
Expenses	$179,011	$19,457	+8.2%
Net Income	$73,828	$17,186	+3.3%

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

$86,333

Total Directors

$86,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YONGJOON LEE	CHIEF EXECUTIVE OFFICER	040.00	Officer Director	$86,333	$0	$86,333
BONNIE SCHULKIN	SECRETARY	001.00	Officer Director	$0	$0	$0
JUSTIN KAGIN	TREASURER	001.00	Officer 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
2021	$252,839	$179,011	$108,604	$73,828

AFRICA CODE ACADEMY