INSTITUTE FOR AFROURBANISM

EIN: 862964657 501(c)(3) Social Science

DETROIT, MI

Total Revenue
$1,536,284
Total Expenses
$496,934
Total Assets
$1,494,586
Net Assets
$1,450,467
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Principal Officer
LAUREN HOOD
Phone
3136106004
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR AFROURBANISM, founded in 2021, is a community nonprofit in the Social Science sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 68% operating margin.

Mission

THE INSTITUTE FOR AFROURBANISM ("IAU") IS A THINK TANK AND ACTION LAB WORKING AT THE INTERSECTION OF BLACK THRIVING AND COMMUNITY DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,450,030
Program Service Revenue $84,715
Investment Income $1,539
Other Revenue $0
TOTAL REVENUE $1,536,284

Expense Breakdown

Grants Paid $91,000
Salaries & Benefits $116,431
Fundraising Expenses $17,145
Program Expenses $447,410
Other Expenses $289,503
TOTAL EXPENSES $496,934

Year-over-Year Comparison

2023 2022 Change
Revenue $1,536,284 $782,181 +1.0%
Expenses $496,934 $319,058 +0.6%
Net Income $1,039,350 $463,123 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
15

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
$107,728
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN PITERA CHAIR 10.00
Director
$0 $0 $0
DR KHALID EL-HALIMA TREASURER 10.00
Director
$0 $0 $0
SHERINA SHARPE SECRETARY 10.00
Director
$0 $0 $0
LAUREN A HOOD EXECUTIVE DIRECTOR 40.00
Officer
$100,000 $7,728 $107,728
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
2023 $1,536,284 $496,934 $1,494,586 $1,039,350
2022 $782,181 $319,058 $429,727 $463,123
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INSTITUTE FOR AFROURBANISM with other nonprofits in Michigan and across the country.