Impact Africa Network INC (EIN 832020331) - 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

Tax Period

2024-01-01 to 2024-12-31

Impact Africa Network INC, founded in 2018, is a small nonprofit in the Employment sector that reported $703K in total revenue in fiscal year 2024. The organization ran a surplus of $235K, a strong 33% operating margin.

Mission

Ensuring young talented Africans participate in the digital transformation of Africa as creators and owners.

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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 $702,831

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $702,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,949

Other Expenses $468,034

TOTAL EXPENSES $468,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$702,831	$664,044	+0.1%
Expenses	$468,034	$571,374	-0.2%
Net Income	$234,797	$92,670	+1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KARAKE	CEO	50.00	Director	$0	$0	$0
NAOMI KARAKE	CFO	50.00	Director	$0	$0	$0
PATRICIA ONYANGO	Secretary	50.00	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	$702,831	$468,034	$698,815	$234,797
2023	$664,044	$571,374	$377,842	$92,670
2023	$737,945	$571,374	$382,602	$166,571
2023	$664,044	$571,374	$308,701	$92,670
2022	$553,397	$544,726	$261,605	$8,671
2021	$463,057	$458,697	$313,261	$4,360

Impact Africa Network INC