AFARA GOVERNANCE INC

EIN: 921066073 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$175,000
Total Expenses
$187,248
Total Assets
$140,509
Net Assets
$140,509
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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
NC
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

Increase the pipeline of qualified women for corporate board of directors roles. Identify, train, and coach high-potential women to contribute effectively, first as board

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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 (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

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Governance

Voting Members
1
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
$118,835
Key Employees
0
$0
Highest Compensated
0
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
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