Nora Chipaumire 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

2023

Legal Domicile

Principal Officer

Alla Kovgan

Phone

6175714742

Tax Period

2024-01-01 to 2024-12-31

Nora Chipaumire Inc, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $671K in total revenue in fiscal year 2024. Revenue surged 13208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 41% operating margin.

Mission

The specific and primary purpose of nora inc. is to engage in educational and charitable activities within the meaning of Section 501(c)(3) of the Code, including, but not limited to, (a) educating the public about Zimbabwean art and culture, stereotypes regarding Africa and the Black performing body, and the pernicious history and legacy of colonialism (the ?Educational Purposes?), and (b) providing charitable services to artists throughout the world, including in Harare, Zimbabwe, via a female-run cultural space.

Program Service Accomplishments

Program 1

Expenses: $117,023

The nora chipaumire nhereraHUB is a female-run cultural space in Zimbabwe offering creative people a safe and vibrant place to explore aesthetic processes of thinking accessed with and through the...

The nora chipaumire nhereraHUB is a female-run cultural space in Zimbabwe offering creative people a safe and vibrant place to explore aesthetic processes of thinking accessed with and through the body. Finding intellectual space within individual and collective movement, the HUB supports creative practice as a form of communal ritual and critical inquiry. Founded in 2022, it provides access to residency space, a sound studio, a growing library archive, and land-based practices like gardening and traditional cooking. Each year, the HUB welcomes 3?6 resident researchers and guests. In 2024, these included Luis Alba Rincon, Haman Mpadire, Lara Barzon.

Program 2

Expenses: $117,021

DAMBUDZO is a new anti-genre work by nora chipaumire exploring colonial legacies and the revolutionary potential of performance. Combining sound, painting, sculpture, and embodied performance, it...

DAMBUDZO is a new anti-genre work by nora chipaumire exploring colonial legacies and the revolutionary potential of performance. Combining sound, painting, sculpture, and embodied performance, it takes audiences through an immersive experience of resistance and awakening. It premiered in Vienna in 2024 and will tour the U.S. and Europe through 2025. The work features a cast of eight performers and is staged in a shabini?a reimagined bar space of political and social gathering. DAMBUDZO is a commission of Wiener Festwochen and Festival d?Automne ? Paris, produced by nora chipaumire inc. and developed in residency with Callie?s in Berlin, Germany. It is funded by the Visual Arts Project Fund of the Goethe-Institut. nora chipaumire inc. is supported by the Mellon Foundation

Program 3

Expenses: $117,021

International Artistic Engagements and Research Development: In Fall 2024, nora chipaumire engaged in multiple public dialogues and research-based activities aligned with the values of nora inc. She was a guest speaker at Performance Space New York during Bintou Demb?l??s Palabre/s en mode marron convening, and led workshops at ?cole des Sables in Dakar and with Aerowaves/Moving Borders in Dublin. She also began developing her next major work, acontinua ? an obituary, a manual for a life lived chasing LIFE, which is set to premiere at MITsp in Brazil in 2025. In December 2024, she was invited to speak about the nhereraHUB at Southnord, a webinar series spotlighting arts spaces across the African continent, offering a platform for exchange on local creative ecosystems

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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 $311,252

Program Service Revenue $359,474

Investment Income $0

Other Revenue $0

TOTAL REVENUE $670,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,680

Fundraising Expenses $0

Program Expenses $351,065

Other Expenses $361,322

TOTAL EXPENSES $399,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,726	$5,040	+132.1%
Expenses	$399,002	N/A	N/A
Net Income	$271,724	$5,040	+52.9%

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

$35,500

Total Directors