ANACOSTIA ENTREPRENEURSHIP CENTER INC (EIN 873827062) - 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

SHANNAN HERBERT

Phone

2025295505

Tax Period

2024-01-01 to 2024-12-31

ANACOSTIA ENTREPRENEURSHIP CENTER INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $992K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $892K left a modest 10% surplus.

Mission

TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, WACIF.

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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 (2024)

Revenue Breakdown

Contributions & Grants $621,716

Program Service Revenue $370,528

Investment Income $0

Other Revenue $0

TOTAL REVENUE $992,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,664

Fundraising Expenses $0

Program Expenses $891,755

Other Expenses $433,091

TOTAL EXPENSES $891,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$992,244	$602,578	+0.6%
Expenses	$891,755	$628,904	+0.4%
Net Income	$100,489	$-26,326	-4.8%

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

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

$328,316

Total Directors

$568,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN FRYATT	CFOO & COO-INTERIM CEO UNTIL 5/3/24	2.00	Officer Director	$0	$11,988	$94,825
MICHAEL JOHNS	SECRETARY	2.00	Director	$0	$482	$89,017
SHANNAN HERBERT	BOARD CHAIR AND CEO	2.00	Officer Director	$0	$23,544	$233,491
DAVID MALEY	VICE CHAIR AND TREASURER	2.00	Director	$0	$12,460	$151,569
MESSAY DEREBE	DIR., GENERAL ANACOSTIA ARTS CENTER	12.00	Highest	$0	$14,950	$161,686

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	$992,244	$891,755	$174,397	$100,489
2022	$454,676	$413,902	$115,753	$40,774

ANACOSTIA ENTREPRENEURSHIP CENTER INC