Tidewater African Cultural Alliance
Nonprofit profile at a glance
- EIN
- 352644613
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2020
- Location
- Virginia Beach, VA, USA
- Phone
- 7577771564
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $152,149
- Expenses
- $140,179
- Assets
- $37,074
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Rita Addico Cohen (Executive Director)
People named in this filing
- Rita Addico Cohen (Executive Director)
- Bewditu Tadesse (Secretary)
- Moses Asomoah (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance and unite the Tidewater community
What it reported doing in 2024
The Tidewater African Cultural Alliance develops and presents programming that enhances and unites the Tidewater, Virginia community. The major program is the dance ensemble and the other community events held throughout the year
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.1%; rating input score 92
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.9%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 7.1%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 41.6% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: -16.3% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 92.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $140K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 22/100.