Coafrica (EIN 843824286) - 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

2020

Legal Domicile

Principal Officer

Marci Romney

Phone

5038039099

Tax Period

2024-01-01 to 2024-12-31

Coafrica, founded in 2020, is a small nonprofit in the International Affairs sector that reported $662K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Unleash the power of education for all African children by constructing classrooms in partnership with local communities. By creating an international coalition of sponsors, local mentors, and community, Coafrica facilitates the construction of needed classrooms. Our goal is to enable every interested community to meet the classroom needs of their children.

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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 $641,265

Program Service Revenue $0

Investment Income $20,589

Other Revenue $0

TOTAL REVENUE $661,854

Expense Breakdown

Grants Paid $572,635

Salaries & Benefits $78,142

Fundraising Expenses $1,403

Program Expenses $652,538

Other Expenses $38,089

TOTAL EXPENSES $688,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,854	$609,019	+0.1%
Expenses	$688,866	$1,561,603	-0.6%
Net Income	$-27,012	$-952,584	-1.0%

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

$40,114

Total Directors

$49,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stan Wilson	Asst Treasurer	5.00	Director	$0	$0	$0
Laura Eyi	Member	1.00	Director	$0	$0	$0
Wil Eyi	Member	1.00	Director	$0	$0	$0
Matthew Romney	Board Chair	2.00	Officer Director	$0	$0	$0
Isaac Wilson	Treasurer	1.00	Officer Director	$0	$0	$0
Vimbai Tembo	Member	3.00	Director	$9,870	$0	$9,870
Marci Romney	Director	20.00	Officer Director	$40,114	$0	$40,114

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	$661,854	$688,866	$629,615	$-27,012
2023	$609,019	$1,561,603	$656,614	$-952,584
2022	$2,352,884	$844,536	$1,609,091	$1,508,348
2021	$665,315	$593,049	$102,758	$72,266

Coafrica