MIDLANDS AFRICAN CHAMBER INC

EIN: 851935551 Community Improvement

OMAHA, NE

Total Revenue
$352,955
Total Expenses
$398,178
Total Assets
$149,615
Net Assets
$121,739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NE
Principal Officer
KARINE SOKPOH
Phone
4028810343
Tax Period
2023-01-01 to 2023-12-31

MIDLANDS AFRICAN CHAMBER INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $353K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $398K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO EMPOWER, CONNECT, AND CHAMPION THE AFRICAN AND AFRICAN AMERICAN BUSINESS COMMUNITIES IN NEBRASKA AND IN THE MIDWEST

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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 (2023)

Revenue Breakdown

Contributions & Grants $252,835
Program Service Revenue $100,120
Investment Income $0
Other Revenue $0
TOTAL REVENUE $352,955

Expense Breakdown

Grants Paid $29,500
Salaries & Benefits $202,248
Fundraising Expenses $85,887
Program Expenses $179,363
Other Expenses $166,430
TOTAL EXPENSES $398,178

Year-over-Year Comparison

2023 2022 Change
Revenue $352,955 $265,861 +0.3%
Expenses $398,178 $137,828 +1.9%
Net Income $-45,223 $128,033 -1.4%
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

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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
13
Independent Members
N/A
Employees
8
Volunteers
42

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
6
$35,178
Total Directors
14
$92,870
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARINE SOKPOH CEO 30.00
Director
$57,692 $0 $57,692
FIDELE MIENSO SECRETARY 10.00
Officer Director
$35,178 $0 $35,178
MARCO KPEGLO LEROC VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
OLUSEYI OLOWOLAFE BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN OUEDRAOGO BOARD MEMBER 5.00
Director
$0 $0 $0
LUPER AKOUGH BOARD MEMBER 5.00
Director
$0 $0 $0
MARTINE QUARTEY VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
ALI HUSSAIN BOARD MEMBER 5.00
Director
$0 $0 $0
PHILIPPE BRUCE BOARD MEMBER 5.00
Director
$0 $0 $0
JACK BEGUEDOU BOARD MEMBER 5.00
Director
$0 $0 $0
LATRICIA HARRIS BOARD MEMBER 5.00
Director
$0 $0 $0
EULOGE SEKLE TREASURER 5.00
Officer Director
$0 $0 $0
FOLLY GONAEL GNININVI VICE PRESIDENT 30.00
Officer Director
$0 $0 $0
LABAN HJUGUNA 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
2024 No data No data No data No data
2023 $352,955 $398,178 $149,615 $-45,223
2022 $265,861 $137,828 $190,382 $128,033
2021 $126,588 $62,863 $63,725 $63,725
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