AKNEW APPROACH INCORPORATED

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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

KEELAN WILSON

Phone

2815204991

Tax Period

2022-01-01 to 2022-12-31

AKNEW APPROACH INCORPORATED, founded in 2020, is a micro nonprofit in the Unknown sector that reported $66K in total revenue in fiscal year 2022. The organization ran a surplus of $20K, a strong 31% operating margin.

Mission

We aim to empower and equip Black and Brown youth and their families who have been impacted by the Criminal Justice System.

Program Service Accomplishments

Program 1

Expenses: $45,430 Revenue: $65,502

We aim to empower and equip Black and Brown youth and their families who have been impacted by the Criminal Justice System.

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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 (2022)

Revenue Breakdown

Contributions & Grants $65,502

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $65,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,306

Fundraising Expenses $0

Program Expenses $45,430

Other Expenses $35,124

TOTAL EXPENSES $45,430

Year-over-Year Comparison

	2022	2021	Change
Revenue	$65,516	N/A	N/A
Expenses	$45,430	N/A	N/A
Net Income	$20,086	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

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

$9,998

Total Directors

Key Employees

$8,638

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEELAN	WILSON	30.00	Officer	$9,998	$0	$9,998
DANIELLE	SHIMFARR	20.00	Key Emp	$4,998	$0	$4,998
RAMEKA	BLAKELY	20.00	Key Emp	$3,640	$0	$3,640

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
2022	$65,516	$45,430	No data	$20,086