FRIENDS OF AFRICA (EIN 954344047) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

GROESBECK PARHAM

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF AFRICA, founded in 1993, is a micro nonprofit that reported $1K in total revenue in fiscal year 2018. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $343K exceeded revenue, resulting in a 34106% operating deficit.

Mission

HEALTH EDUCATION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $721

Other Revenue $0

TOTAL REVENUE $721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,260

Other Expenses $304,533

TOTAL EXPENSES $304,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$721	$1,003,806	-1.0%
Expenses	$304,533	$21,402	+13.2%
Net Income	$-303,812	$982,404	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODERICK SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
KATHERINE PARHAM	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GROESBECK PARHAM	PRESIDENT	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	No data	No data	No data	No data
2023	$721	$304,533	$683,969	$-303,812
2022	$1,003,806	$21,402	$987,781	$982,404
2021	$256	$570	$5,377	$-314
2020	$5,695	$145,468	$7,499	$-139,773
2020	$5,695	$145,468	$7,499	$-139,773
2020	$5,695	$145,468	$7,499	$-139,773
2019	$10,225	$33,338	$146,864	$-23,113
2019	$10,225	$33,338	$146,864	$-23,113
2018	$1,003	$343,085	$170,291	$-342,082

FRIENDS OF AFRICA