AFRICAN CENTER FOR AQUATIC RESEARCH AND EDUCATION INC (EIN 822441682) - 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

TED LAWRENCE

Phone

7347302038

Tax Period

2024-01-01 to 2024-12-31

AFRICAN CENTER FOR AQUATIC RESEARCH AND EDUCATION INC, founded in 2017, is a small nonprofit in the Environment sector that reported $565K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $713K exceeded revenue, resulting in a 26% operating deficit.

Mission

ACARE WAS ORGANIZED FOR THE FOLLOWING MAIN PURPOSES:1. TO EDUCATE AND TRAIN THE NEXT GENERATION OF AFRICA'S FRESH WATER RESEARCHERS, SCIENTISTS, AND POLICY MAKERS ON THE AFRICAN GREAT LAKES;2. STRENGTHEN UNDERSTANDING OF THE IMPACTS OF BIOLOGICAL, PHYSICAL, CHEMICAL, ECONOMIC, POLITICAL, SOCIAL, AND TECHNICAL FACTORS ON THE AFRICAN FRESHWATER RESOURCES; AND3. ENHANCE GLOBAL COLLABORATION BETWEEN FRESHWATER LEARNING INSTITUTIONS, ORGANIZATIONS, AND ENTITIES TO ADDRESS THE CHALLENGES FACING ALL FRESHWATER RESOURCES WITH A PARTICULAR FOCUS ON THE AFRICAN GREAT LAKES.

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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 $565,338

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $565,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500

Fundraising Expenses $0

Program Expenses $392,768

Other Expenses $712,487

TOTAL EXPENSES $712,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,338	$972,798	-0.4%
Expenses	$712,987	$595,589	+0.2%
Net Income	$-147,649	$377,209	-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

N/A

Volunteers

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
DR TED LAWRENCE	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
DR KEVIN OBIERO	CHAIR	1.00	Officer Director	$0	$0	$0
DR EMMANUEL KAUNDA	DIRECTOR	1.00	Director	$0	$0	$0
DR KENNETH IRVINE	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT KAYANDA	DIRECTOR	1.00	Director	$0	$0	$0
DR HOWARD STEIN	DIRECTOR	1.00	Director	$0	$0	$0
DR MATT MCCANDLESS	DIRECTOR	1.00	Director	$0	$0	$0
DR MARC GADEN	DIRECTOR	1.00	Director	$0	$0	$0
MS JOYCE NYEKO	ACTING DIRECTOR	1.00	Director	$0	$0	$0
NAMAKAU MUYUMBANA	ACTING DIRECTOR	1.00	Director	$0	$0	$0
MARY KISHE	DIRECTOR	1.00	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	$565,338	$712,987	$1,019,873	$-147,649
2023	$972,798	$595,589	$1,012,690	$377,209
2022	$744,910	$378,743	$575,471	$366,167

AFRICAN CENTER FOR AQUATIC RESEARCH AND EDUCATION INC