EDUCATION MATTERS AFRICA FOUNDATION (EIN 824727381) - 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

2018

Legal Domicile

Principal Officer

FARAI SANYANGORE

Phone

9298109807

Tax Period

2024-01-01 to 2024-12-31

EDUCATION MATTERS AFRICA FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $466K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $653K exceeded revenue, resulting in a 40% operating deficit.

Mission

EDUCATION MATTERS' MISSION IS TO PROVIDE HIGH-ACHIEVING, LOW-INCOME STUDENTS WITH TRANSFORMATIONAL EDUCATION AND ACCESS TO GLOBAL OPPORTUNITIES THAT WILL PROMOTE POSITIVE CHANGE IN ZIMBABWE AND AFRICA.

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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 $465,834

Program Service Revenue $0

Investment Income $37

Other Revenue $0

TOTAL REVENUE $465,871

Expense Breakdown

Grants Paid $402,574

Salaries & Benefits $0

Fundraising Expenses $3,559

Program Expenses $615,220

Other Expenses $250,640

TOTAL EXPENSES $653,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,871	$1,321,052	-0.6%
Expenses	$653,214	$1,961,627	-0.7%
Net Income	$-187,343	$-640,575	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS MUFUKA MARTIN	CHAIR	2.00	Officer Director	$0	$0	$0
LUCY STEINITZ	PAST CHAIR	3.00	Officer Director	$0	$0	$0
DAVID BRUCE WHARTON	PAST CHAIR	2.00	Officer Director	$0	$0	$0
ANN KUHLMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
FARAI SANYANGORE	TREASURER	3.00	Officer Director	$0	$0	$0
ANDREATA MUFORO	BOARD MEMBER	2.00	Director	$0	$0	$0
BALDWIN GUCHU	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES LINVILLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN BURNS	BOARD MEMBER	2.00	Director	$0	$0	$0
RONALD MUTASA	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA ZEIGLER MANO	BOARD MEMBER	2.00	Director	$0	$0	$0
ESTHER MWAKA	BOARD MEMBER	2.00	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	$465,871	$653,214	$167,116	$-187,343
2023	$1,321,052	$1,961,627	$354,459	$-640,575
2022	$539,594	$1,367,179	$995,034	$-827,585
2021	$574,637	$376,079	$1,843,905	$198,558
2020	$682,973	$246,804	$1,645,347	$436,169
2019	$1,250,799	$68,332	$1,236,178	$1,182,467

EDUCATION MATTERS AFRICA FOUNDATION