Nora Chipaumire Inc (EIN 932146674) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$35,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nora Chipaumire	President	3.00	Officer Director	$28,500	$0	$28,500
Alla Kovgan	Treasurer	2.50	Officer Director	$7,000	$0	$7,000
Lori Jones	Trustee	1.00	Director	$0	$0	$0
Donna Faye Burchfield	Secretary	1.00	Officer Director	$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	$670,726	$399,002	$280,118	$271,724

Nora Chipaumire Inc