AFRIKIN FOUNDATION INC (EIN 852592611) - 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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

AFRIKIN FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $470K in total revenue in fiscal year 2023. Expenses of $779K exceeded revenue, resulting in a 66% operating deficit.

Mission

Through Art and enrichment activities and events we create safe spaces where individuals can discover contextual perspectives and useful resources for their own lives and within their communities. Provide an insightful hub for associations creatives interconnected families companies collectives and institutions. Develop programs that inform invigorate and invest in the participants as we step together in advancement and growth. Support a new identity created by a generation of future-focused global citizens through transcultural exchange

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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 (2023)

Revenue Breakdown

Contributions & Grants $163,086

Program Service Revenue $306,925

Investment Income $0

Other Revenue $0

TOTAL REVENUE $470,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $154,977

Program Expenses $499,329

Other Expenses $623,980

TOTAL EXPENSES $778,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$470,011	N/A	N/A
Expenses	$778,957	N/A	N/A
Net Income	$-308,946	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

N/A

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
Nicola Edman	Director	1.00	Director	$0	$0	$0
Micah Brooks	Director	1.00	Director	$0	$0	$0
Cordella Brooks	Director	1.00	Director	$0	$0	$0
Alfonso Brooks	Chairman	2.00	Officer	$0	$0	$0
Violet Asmara Tafari	Secretary	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$470,011	$778,957	$778,957	$-308,946

AFRIKIN FOUNDATION INC