MAAFA Redemption Project (EIN 833525168) - 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

Marshall Hatch

Phone

7732875051

Tax Period

2024-01-01 to 2024-12-31

MAAFA Redemption Project, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 12% surplus.

Mission

The MAAFA Redemption Project is a faith based residential institute serving high risk young men in west Garfield Park Chicago, IL. Its purpose is to invest in young men, enhance their quality of life, and develop the communities in which they live.

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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 $2,253,985

Program Service Revenue $0

Investment Income $8,780

Other Revenue $0

TOTAL REVENUE $2,262,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,329,593

Fundraising Expenses $0

Program Expenses $1,582,880

Other Expenses $651,363

TOTAL EXPENSES $1,980,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,262,765	N/A	N/A
Expenses	$1,980,956	N/A	N/A
Net Income	$281,809	N/A	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

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

$97,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marshall Hatch	Board President	10.00	Officer	$0	$0	$0
Warren Riley	Director	10.00	Director	$0	$0	$0
Timothy Ervin	Treasurer	10.00	Officer	$0	$0	$0
Marshall Hatch Jr	Executive Director	10.00	Officer	$97,500	$0	$97,500
Billy Carson	Director	10.00	Director	$0	$0	$0
Zina Riley	Secretary	10.00	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
2024	$2,262,765	$1,980,956	$2,171,060	$281,809
2024	No data	No data	No data	No data
2023	$1,510,862	$1,206,639	$1,404,513	$304,223
2022	$1,954,671	$1,384,214	$1,041,779	$570,457
2021	$265,137	No data	$415,137	No data

MAAFA Redemption Project