AFRICA MINIGRID DEVELOPERS ASSOCIATION INC (EIN 832355725) - 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

JOHN OUKO

Phone

3039799312

Tax Period

2024-01-01 to 2024-12-31

AFRICA MINIGRID DEVELOPERS ASSOCIATION INC, founded in 2018, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $170K, a strong 16% operating margin.

Mission

TO BUILD AN OPTIMAL ENERGY NETWORK BASED ON INNOVATION AND ADOPTIVE CLEAN TECHNOLOGY THAT WILL MEET THE NEEDS OF AFRICAN ECONOMIES AND CITIZENS.

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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 $1,033,193

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,033,193

Expense Breakdown

Grants Paid $480,000

Salaries & Benefits $202,686

Fundraising Expenses $18,059

Program Expenses $791,020

Other Expenses $180,104

TOTAL EXPENSES $862,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,033,193	$1,046,481	0.0%
Expenses	$862,790	$1,308,225	-0.3%
Net Income	$170,403	$-261,744	-1.7%

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

$187,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVIAN VENDEIRINHO	PRESIDENT	1.00	Officer Director	$0	$0	$0
AYODEJI ADEMILUA	VICE PRESIDENT AND FINANCE	1.00	Officer Director	$0	$0	$0
MUTANUKA MUKABANJI	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDE NUMFOR	DIRECTOR	1.00	Director	$0	$0	$0
FOLUSHO ALABI	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MATTSON	DIRECTOR	1.00	Director	$0	$0	$0
WIM KLUNNE	DIRECTOR	1.00	Director	$0	$0	$0
DARIO FALLARA	DIRECTOR	1.00	Director	$0	$0	$0
GRACE PERKINS	CHIEF GROWTH OFFICER	40.00	Officer	$20,750	$3,942	$24,692
JOHN PAUL OUKO	COO	40.00	Officer	$40,090	$0	$40,090
OLAMIDE NIYI-AFUYE	CEO	40.00	Officer	$123,060	$0	$123,060

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	$1,033,193	$862,790	$489,562	$170,403
2023	$1,046,481	$1,308,225	$306,659	$-261,744
2022	$583,600	$664,027	$627,606	$-80,427
2021	$893,875	$540,011	$641,725	$353,864
2020	$526,869	$502,664	$287,861	$24,205
2019	$477,981	$214,325	$263,656	$263,656

AFRICA MINIGRID DEVELOPERS ASSOCIATION INC