AKRON RITES OF PASSAGE INSTITUTE (EIN 833512394) - 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

2021

Legal Domicile

Principal Officer

Charmaine Thurman

Phone

3307011963

Tax Period

2024-01-01 to 2024-12-31

AKRON RITES OF PASSAGE INSTITUTE, founded in 2021, is a small nonprofit in the Education sector that reported $442K in total revenue in fiscal year 2024.

Mission

Rebuild, restore, reclaim through education and training to empowers the Black community in African centered rituals principals and culture to include the Legacy Building Project

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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 $442,480

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $442,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $439,642

Other Expenses $439,642

TOTAL EXPENSES $439,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$442,480	N/A	N/A
Expenses	$439,642	N/A	N/A
Net Income	$2,838	$0	N/A

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

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
Ted Thompson	CoPresident	1	Director	$0	$0	$0
Sondra Bryant	Secretary	1	Officer Director	$0	$0	$0
Terrence Shelton	Dir	2	Director	$0	$0	$0
Johnny Osby	Director	1	Director	$0	$0	$0
Deb Calhoun	Dir	1	Director	$0	$0	$0
Gwen Petway	Dir	1	Director	$0	$0	$0
Dr Goggins II	Dir	1	Director	$0	$0	$0
John Fuller	Dir	1	Director	$0	$0	$0
Earl Holmes	Dir	1	Director	$0	$0	$0
Victor Daniel	Treasurer	3	Director	$0	$0	$0
Bev Woolrildge	Copresident	1		$0	$0	$0
Char Thurman	CoTreasurer	3	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
2024	$442,480	$439,642	$11,693	$2,838

AKRON RITES OF PASSAGE INSTITUTE