AFRICAN AMERICAN CULTURAL ASSOC (EIN 850411062) - 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

2009

Legal Domicile

Principal Officer

LOVIE MCGEE

Tax Period

2021-01-01 to 2021-12-31

AFRICAN AMERICAN CULTURAL ASSOC, founded in 2009, is a micro nonprofit that reported $3K in total revenue in fiscal year 2021. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $6K exceeded revenue, resulting in a 97% operating deficit.

Mission

OUR MAIN PURPOSE IS TO PROVIDE MUCH NEEDED SERVICES TO THE HOMELESS POPULATION, MAINLY STUDENTS. WE ALSO TRY TO PROVIDE TUTORING AND MENTORING SERVICES FOR AT-RISK STUDENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,869

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,046

Other Expenses $5,646

TOTAL EXPENSES $5,646

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,869	$26,612	-0.9%
Expenses	$5,646	$26,135	-0.8%
Net Income	$-2,777	$477	-6.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENNIE CARDWELL	MEMBER AT LARGE	7.00	Officer Director	$0	$0	$0
RAYMOND SMITH	SECRETARY TREASURER	20.00	Officer Director	$0	$0	$0
LOVIE MCGEE	PRESIDENT	20.00	Officer Director	$0	$0	$0
DORIS FOSTER	VICE PRESIDENT	10.00	Officer 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
2021	$2,869	$5,646	$6,134	$-2,777
2020	$26,612	$26,135	$8,911	$477
2019	$33,566	$32,656	$8,434	$910
2018	$30,210	$32,606	$2,366	$-2,396

AFRICAN AMERICAN CULTURAL ASSOC