African Heritage Economic Initiative Inc

EIN: 824235338 501(c)(3) Community Improvement

BUFFALO, NY

Total Revenue
$427,009
Total Expenses
$209,399
Total Assets
$534,058
Net Assets
$213,840
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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 Inc, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 51% operating margin.

Mission

DECREASE POVERTY IN BUFFALO NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $387,318
Program Service Revenue $39,690
Investment Income $1
Other Revenue $0
TOTAL REVENUE $427,009

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 $427,009 $180,159 +1.4%
Expenses $209,399 $185,297 +0.1%
Net Income $217,610 $-5,138 -43.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
13
Volunteers
40

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KINZER POINTER BOARD MEMBER/PRESIDENT 1.0
Officer Director
$0 $0 $0
CYNTHIA MAYES BOARD MEMBER 1.0
Director
$0 $0 $0
LADAISHA WILLIAMS BOARD MEMBER 1.0
Director
$0 $0 $0
THOMAS MAYES BOARD MEMBER 1.0
Director
$0 $0 $0
DEMETROUS QUINNIE BOARD MEMBER 1.0
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 $427,009 $209,399 $534,058 $217,610
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