NNAJI FAMILY FOUNDATION

EIN: 853847813 501(c)(3) Youth Development

EDEN PRAIRIE, MN

Total Revenue
$775,476
Total Expenses
$946,286
Total Assets
$427,000
Net Assets
$427,000
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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
MN
Principal Officer
APHAM NNAJI
Tax Period
2024-01-01 to 2024-12-31

NNAJI FAMILY FOUNDATION, founded in 2020, is a small nonprofit in the Youth Development sector that reported $775K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $946K exceeded revenue, resulting in a 22% operating deficit.

Mission

NNAJI FAMILY FOUNDATIONS MISSION IS TO POSITIVELY IMPACT THE LIVES OF YOUNG PEOPLE THROUGHOUT AFRICA AND THE UNITED STATES THROUGH EDUCATION AND ATHLETICS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $775,476
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $775,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $909,834
Other Expenses $946,286
TOTAL EXPENSES $946,286

Year-over-Year Comparison

2024 2023 Change
Revenue $775,476 $476,971 +0.6%
Expenses $946,286 $530,220 +0.8%
Net Income $-170,810 $-53,249 +2.2%
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
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
APHAM NNAJI DIRECTOR 0.00
Officer
$0 $0 $0
JANEL A NNAJI TREASURER 0.00
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
2024 $775,476 $946,286 $427,000 $-170,810
2024 $775,476 $946,286 $427,000 $-170,810
2024 $775,476 $946,286 $427,000 $-170,810
2023 $476,971 $530,220 $427,000 $-53,249
2022 $539,095 $100,264 $438,831 $438,831
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