African Heritage Economic Initiati… - Form 990 Financial Data

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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

2022

Principal Officer

KINZER POINTER

Phone

7163828627

Tax Period

2023-01-01 to 2023-12-31

African Heritage Economic Initiative, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $209K left a modest 10% surplus.

Mission

THE CHARITABLE PURPOSE OF SIGNIFICANTLY DECREASING POVERTY IN BUFFALO NEW YORK INNER CITY FOR LOW INCOME FAMILIES WITH EMPHASIS ON AFRICAN AMERICAN FAMILIES BY PROMOTING, INSTRUCTING, AND FACILITATING.

Program Service Accomplishments

Program 1

Expenses: $209,399 Revenue: $39,690

Conducted community activities aimed at decreasing poverty and food insecurity in Buffalo, NY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $193,659

Program Service Revenue $39,690

Investment Income $1

Other Revenue $0

TOTAL REVENUE $233,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,399

Other Expenses $209,399

TOTAL EXPENSES $209,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,350	$180,159	+0.3%
Expenses	$209,399	$185,297	+0.1%
Net Income	$23,951	$-5,138	-5.7%

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

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
REV KINZER A POINTER	BRD MEMB/EXEC DIR AT 7/26/23	1.0	Officer Director	$0	$0	$0
CYNTHIA MAYES	BOARD MEMBER/PRESIDENT	1.0	Officer Director	$0	$0	$0
LADAISHA WILLIAMS	BOARD MEMBER/SECRETARY	1.0	Officer Director	$0	$0	$0
THOMAS MAYES	BOARD MEMBER/TREASURER	1.0	Officer Director	$0	$0	$0
DEMETROUS QUINNIE	BOARD MEMBER	1.0	Director	$0	$0	$0
ALEXENDER J WRIGHT	BRD MEMBER/EXEC DIR TO 7/26/23	0.0	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
2023	$233,350	$209,399	$534,058	$23,951
2023	$427,009	$209,399	$534,058	$217,610

African Heritage Economic Initiative