AFRICA FUTURE FOUNDATION

EIN: 834396614 501(c)(3) International Affairs

Fullerton, CA

Total Revenue
$591,516
Total Expenses
$540,569
Total Assets
$204,104
Net Assets
$204,104
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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
CA
Tax Period
2024-01-01 to 2024-12-31

AFRICA FUTURE FOUNDATION, founded in 2019, is a small nonprofit in the International Affairs sector that reported $592K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $541K left a modest 9% surplus.

Mission

PROVIDING MEDICAL, EDUCATIONAL, CHARITABLE SUPPORT TO AFRICAN PEOPLE AND HEALTHCARE ORGANIZATIONS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $591,516
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $591,516

Expense Breakdown

Grants Paid $363,788
Salaries & Benefits $13,268
Fundraising Expenses $0
Program Expenses $521,650
Other Expenses $163,513
TOTAL EXPENSES $540,569

Year-over-Year Comparison

2024 2023 Change
Revenue $591,516 $358,743 +0.6%
Expenses $540,569 $292,956 +0.8%
Net Income $50,947 $65,787 -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

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Governance

Voting Members
2
Independent Members
2
Employees
1
Volunteers
6

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
3
$12,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM JIN NA CFO 15.00
Officer
$12,000 $0 $12,000
HONG SIK KIM CEO 5.00
Officer
$0 $0 $0
SAM JIN NA SECRETARY 5.00
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 $591,516 $540,569 $204,104 $50,947
2023 $358,743 $292,956 $153,157 $65,787
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