AKNEW APPROACH INCORPORATED

EIN: 851806632 501(c)(3) Unknown

HOUSTON, TX

Total Revenue
$65,516
Total Expenses
$45,430
Total Assets
N/A
Net Assets
N/A
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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
TX
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.

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
25

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
1
$9,998
Total Directors
0
$0
Key Employees
2
$8,638
Highest Compensated
0
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
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