African American Cultural Festival of Raleigh Wake County Inc (EIN 900636941) - 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

2009

Legal Domicile

Principal Officer

Pamela Smith

Tax Period

2024-01-01 to 2024-12-31

African American Cultural Festival of Raleigh Wake County Inc, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $417K in total revenue in fiscal year 2024. Expenses of $459K exceeded revenue, resulting in a 10% operating deficit.

Mission

To promote, preserve and celebrate African American cultural and heritage through artistic expression and education culminating in a cultural festival held in downtown Raleigh, see schdule O for more info.

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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 $318,928

Program Service Revenue $97,843

Investment Income $0

Other Revenue $0

TOTAL REVENUE $416,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,636

Fundraising Expenses $0

Program Expenses $367,198

Other Expenses $298,553

TOTAL EXPENSES $459,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,771	$416,625	+0.0%
Expenses	$459,189	$387,307	+0.2%
Net Income	$-42,418	$29,318	-2.4%

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

Employees

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
Laura Bethea-Lewis	Chair	006.00	Officer	$0	$0	$0
Dr Deborah Royals Mizerk	Member	001.00	Officer	$0	$0	$0
Tori Darensburg	Secretary	002.00	Officer	$0	$0	$0
Anthony Pope	Member	001.00	Officer	$0	$0	$0
Donna Harris	Member	001.00	Officer	$0	$0	$0
Allen Mason	Vice Chair	002.50	Officer	$0	$0	$0
Pierre Olds	Treasurer	002.00	Officer	$0	$0	$0
Cheniqua Lassiter	Member	001.00	Officer	$0	$0	$0
Ayana Simons	Member	001.00	Officer	$0	$0	$0
Marcus Farrar	Member	001.00	Officer	$0	$0	$0
Damion McCullers	Member	001.00	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	$416,771	$459,189	$1,773	$-42,418
2023	$416,625	$387,307	$92,272	$29,318
2022	$319,571	$280,253	$54,122	$39,318
2019	$266,315	$264,312	$16,064	$2,003

African American Cultural Festival of Raleigh Wake County Inc