BENNET OMALU FOUNDATION (EIN 841984953) - 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

BENNET OMALU

Phone

9165135253

Tax Period

2023-01-01 to 2023-12-31

BENNET OMALU FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $196K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum.

Mission

EDUCATION FINANCE AND SCHOLARSHIP AWARDS AT ALL LEVELS OF EDUCATION INCLUDING SCHOOL FEES AND TUITION, SCHOOL SUPPLIIES, AND BOOKS AND LIVING ALLOWANCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $196,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $196,000

Expense Breakdown

Grants Paid $193,970

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $195,822

Other Expenses $1,852

TOTAL EXPENSES $195,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,000	$128,000	+0.5%
Expenses	$195,822	$125,422	+0.6%
Net Income	$178	$2,578	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNET OMALU	PRESIDENT & CEO	2.00	Officer Director	$0	$0	$0
PREMA MUTISO	TRUSTEE	2.00	Director	$0	$0	$0
UCHENNA NNEBE-AGUMADU	TRUSTEE	2.00	Director	$0	$0	$0
MIRIAN KENECHUKWU KACHIKWU	TRUSTEE	2.00	Director	$0	$0	$0
THEODORE OMALU	TRUSTEE	2.00	Director	$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	No data	No data	No data	No data
2023	$196,000	$195,822	$1,231	$178
2022	$128,000	$125,422	$1,054	$2,578
2021	$165,500	$180,904	$-1,524	$-15,404
2020	$206,000	$192,120	$13,880	$13,880
2019	No data	No data	No data	No data

BENNET OMALU FOUNDATION