AFARA GOVERNANCE INC

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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

2022

Legal Domicile

Principal Officer

TAMARA MULLINGS

Phone

9198335322

Tax Period

2023-01-01 to 2023-12-31

AFARA GOVERNANCE INC, founded in 2022, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

AFARA works to identify, prepare, place and coach high-potential, exceptionally-qualified women to provide valuable contributions to corporate boards, amplifying the economic, cultural and social benefits of diversity and representation in corporate governance.

Program Service Accomplishments

Program 1

AFARA works to identify, prepare, place and coach high-potential, exceptionally-qualified women to provide valuable contributions to corporate boards, amplifying the economic, cultural and social...

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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 $175,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $175,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,024

Fundraising Expenses $0

Other Expenses $48,224

TOTAL EXPENSES $187,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,000	$200,000	-0.1%
Expenses	$187,248	$45,713	+3.1%
Net Income	$-12,248	$154,287	-1.1%

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

$118,835

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMARA MULLINGS	CEO	30	Director	$118,835	$0	$118,835

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	$175,000	$187,248	$140,509	$-12,248
2022	$200,000	$47,243	$152,757	$152,757