NEW AFRICA FUND INC (EIN 871432573) - 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

2021

Legal Domicile

Principal Officer

STEVEN BECK

Phone

5612881469

Tax Period

2023-01-01 to 2023-12-31

NEW AFRICA FUND INC, founded in 2021, is a small nonprofit that reported $654K in total revenue in fiscal year 2023. Revenue surged 4437% from the prior year, signaling strong growth momentum. Expenses of $557K left a modest 15% surplus.

Mission

The New Africa Fund is a registered US charity committed to supporting civil society organizations and social enterprises in Africa. We work through local partners by providing financial and technical support to organizations with a clear mission and established results.

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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 $605,640

Program Service Revenue $0

Investment Income $48,050

Other Revenue $0

TOTAL REVENUE $653,690

Expense Breakdown

Grants Paid $433,904

Salaries & Benefits $941

Fundraising Expenses $1,462

Program Expenses $555,327

Other Expenses $122,133

TOTAL EXPENSES $556,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$653,690	$14,407	+44.4%
Expenses	$556,978	$300,821	+0.9%
Net Income	$96,712	$-286,414	-1.3%

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
STEVEN BECK	President & CEO	30.00	Officer Director	$0	$0	$0
EVAN WOLFSON	Director	1.00	Director	$0	$0	$0
ABDOU SALAM GUEYE	Director	1.00	Director	$0	$0	$0
MARIE BAPTISTE	Director	1.00	Director	$0	$0	$0
WINNIE TAY	Director	1.00	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
2024	No data	No data	No data	No data
2023	$653,690	$556,978	$1,157,654	$96,712
2022	$14,407	$300,821	$962,393	$-286,414
2021	$1,009,820	$1,343	$1,008,477	$1,008,477

NEW AFRICA FUND INC