Minnesota Africans United (EIN 833173658) - 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

2019

Legal Domicile

Principal Officer

Basil T Ajuo

Phone

5052045927

Tax Period

2024-01-01 to 2024-12-31

Minnesota Africans United, founded in 2019, is a small nonprofit in the Employment sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $306K left a modest 8% surplus.

Mission

Benefit Minnesotas African immigrant communities

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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 $334,008

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,008

Expense Breakdown

Grants Paid $40,369

Salaries & Benefits $108,017

Fundraising Expenses $0

Program Expenses $33,334

Other Expenses $157,731

TOTAL EXPENSES $306,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,008	$248,785	+0.3%
Expenses	$306,117	$214,127	+0.4%
Net Income	$27,891	$34,658	-0.2%

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
BASIL T AJUO	CEO	60.00	Highest	$82,278	$10,987	$93,265
NELIMA S MUNENE	Board Chair	0.00	Officer	$0	$0	$0
MARK RITCHIE	Board Secretary	0.00	Officer	$0	$0	$0
YAO SHI	Board Treasurer	0.00	Officer	$0	$0	$0
DANIEL ABEBE	Board Member at Large	0.00	Officer	$0	$0	$0
IBUCHWA KISONGO	Board Member at Large	0.00	Officer	$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
2025	No data	No data	No data	No data
2024	$334,008	$306,117	$93,393	$27,891
2023	$248,785	$214,127	$32,896	$34,658
2022	$125,432	$193,161	$4,575	$-67,729

Minnesota Africans United