AFRIKANA CORPORATION (EIN 932592894) - 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

2023

Legal Domicile

Principal Officer

Adama Bah

Phone

6466859108

Tax Period

2023-08-01 to 2024-07-31

AFRIKANA CORPORATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $173K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 580% operating deficit.

Mission

Afrikanas mission is to enable Harlem, Bronx, and Brooklyn community members particularly Black immigrants and migrants to secure resources and services with care and compassion. We connect individuals and families to public benefits, legal support, housing, workforce programs, language access, and healing spaces, all rooted in dignity, respect, and cultural understanding.

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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 $173,229

Program Service Revenue $0

Investment Income $0

Other Revenue $10

TOTAL REVENUE $173,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,500

Fundraising Expenses $577

Program Expenses $1,051,579

Other Expenses $1,164,790

TOTAL EXPENSES $1,178,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,239	N/A	N/A
Expenses	$1,178,290	N/A	N/A
Net Income	$-1,005,051	N/A	N/A

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

200

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

$13,500

Total Directors

$13,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adama Bah	Executive Dir.	40.00	Officer Director	$12,000	$0	$12,000
Mariama Bah	COO	40.00	Officer Director	$1,500	$0	$1,500
Mamadou Bah	CFO	40.00	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	$173,239	$1,178,290	$74,949	$-1,005,051

AFRIKANA CORPORATION