SHANAHAN EDUCATION FOUNDATION INCORPORATED (EIN 934242085) - 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

NKIRUKA C OKAFOR

Phone

3172784494

Tax Period

2024-01-01 to 2024-12-31

SHANAHAN EDUCATION FOUNDATION INCORPORATED, founded in 2023, is a small nonprofit in the Education sector that reported $417K in total revenue in fiscal year 2024. The organization ran a surplus of $105K, a strong 25% operating margin.

Mission

TO ENSURE THAT SHANAHAN UNIVERSITY, ONITSHA, HAS THE FINANCIAL RESOURCES TO CONFIDENTLY SAFEGUARD AND EXPAND THE CHURCHS LEADERSHIP ROLE IN PROVIDING QUALITY AND AFFORDABLE EDUCATION, AND RESEARCH FOR PRESENT AND FUTURE GENERATIONS.

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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 $416,741

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $416,750

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,814

Other Expenses $11,552

TOTAL EXPENSES $311,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,750	N/A	N/A
Expenses	$311,552	N/A	N/A
Net Income	$105,198	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

Employees

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INNOCENT AMASIORAH	SECRETARY	4.00	Officer Director	$0	$0	$0
MARIA CHIBUANURIM CHUKWUMA	TREASURER	5.00	Officer Director	$0	$0	$0
NKIRUKA C OKAFOR	ADMINISTRATO	10.00	Officer Director	$0	$0	$0
PATRICK CHUDI OKAFOR	PRESIDENT	3.00	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	$416,750	$311,552	$105,698	$105,198

SHANAHAN EDUCATION FOUNDATION INCORPORATED