RISING SUN FOUNDATION INC

EIN: 871026398 501(c)(3) Civil Rights & Advocacy

Newark, NJ

Total Revenue
$338,769
Total Expenses
$332,866
Total Assets
$32,662
Net Assets
$32,662
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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
NJ
Principal Officer
AUSTIN ODIMMEGWA
Tax Period
2022-01-01 to 2022-12-31

RISING SUN FOUNDATION INC, founded in 2020, is a small nonprofit in the Civil Rights & Advocacy sector that reported $339K in total revenue in fiscal year 2022. Revenue surged 81% from the prior year, signaling strong growth momentum.

Mission

A charitable social services focused on promoting civic and community services to the community. And to engage in advocacy, and grassroot activities for the fundamental human rights of the oppressed indigenes of Biafra.

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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 $338,769
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $338,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $332,866
Other Expenses $332,866
TOTAL EXPENSES $332,866

Year-over-Year Comparison

2022 2021 Change
Revenue $338,769 $187,600 +0.8%
Expenses $332,866 $160,841 +1.1%
Net Income $5,903 $26,759 -0.8%
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
4
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIDGET OKAFOR PRESIDENT 030.00
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
2022 $338,769 $332,866 $32,662 $5,903
2021 $187,600 $160,841 $26,759 $26,759
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