Obasi Foundation Inc

EIN: 823159997 501(c)(3) Human Services

REISTERSTOWN, MD

Total Revenue
$276,500
Total Expenses
$239,263
Total Assets
$39,931
Net Assets
$37,237
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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
2021
Legal Domicile
MD
Principal Officer
VALENCIA WARNOCK KING
Phone
2023861781
Tax Period
2024-01-01 to 2024-12-31

Obasi Foundation Inc, founded in 2021, is a small nonprofit in the Human Services sector that reported $276K in total revenue in fiscal year 2024. Expenses of $239K left a modest 13% surplus.

Mission

Obasi Foundation provides centralized resources and assistance to other NFP entities that enables those philanthropic organizations to eliminate operational challenges that inhibit their primary mission goals.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $276,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $276,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $233,539
Other Expenses $239,263
TOTAL EXPENSES $239,263

Year-over-Year Comparison

2024 2023 Change
Revenue $276,500 N/A N/A
Expenses $239,263 N/A N/A
Net Income $37,237 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

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Governance

Voting Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALENCIA WARNOCK KING CEO 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
2024 $276,500 $239,263 $39,931 $37,237
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