FOUNDATION FOR SELF LEADERSHIP

EIN: 201318139 501(c)(3) Education

OAK PARK, IL

Total Revenue
$396,141
Total Expenses
$510,080
Total Assets
$331,989
Net Assets
$320,238
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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
2007
Legal Domicile
IL
Principal Officer
TOUFIC HAKIM
Phone
9083088531
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR SELF LEADERSHIP, founded in 2007, is a small nonprofit in the Education sector that reported $396K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $510K exceeded revenue, resulting in a 29% operating deficit.

Mission

RESEARCH, PROGRAM DEVELOPMENT AND ADVOCACY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $395,210
Program Service Revenue $0
Investment Income $391
Other Revenue $540
TOTAL REVENUE $396,141

Expense Breakdown

Grants Paid $143,052
Salaries & Benefits $186,079
Fundraising Expenses $0
Program Expenses $447,658
Other Expenses $180,949
TOTAL EXPENSES $510,080

Year-over-Year Comparison

2023 2022 Change
Revenue $396,141 $318,071 +0.2%
Expenses $510,080 $452,547 +0.1%
Net Income $-113,939 $-134,476 -0.2%
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

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
35

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
3
$105,000
Total Directors
7
$105,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKI MCCOY MA CHAIR 1.50
Officer Director
$0 $0 $0
TOUFIC HAKIM PHD EXECUTIVE DIRECTOR 25.00
Officer Director
$105,000 $0 $105,000
REQUINA BARNES LICSW DIRECTOR 1.00
Director
$0 $0 $0
STEWART BROWN PHD DIRECTOR 1.00
Director
$0 $0 $0
LES FAGAN MA JD TREASURER 1.50
Officer Director
$0 $0 $0
KELLY GAULE CAP DIRECTOR 1.00
Director
$0 $0 $0
TARA UNVERZAGT DIRECTOR 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $396,141 $510,080 $331,989 $-113,939
2022 $318,071 $452,547 $453,896 $-134,476
2021 $567,079 $274,808 $589,740 $292,271
2020 $317,041 $226,063 $298,976 $90,978
2019 $385,520 $214,813 $251,566 $170,707
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