Youth for A Better Future

EIN: 274324993 501(c)(3) Youth Development

CHICAGO, IL

Total Revenue
$312,309
Total Expenses
$312,309
Total Assets
N/A
Net Assets
N/A
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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
2010
Legal Domicile
IL
Principal Officer
ADEM A ALUKA
Phone
7736695007
Tax Period
2024-01-01 to 2024-12-31

YOUTH FOR A BETTER FUTURE, founded in 2010, is a small nonprofit in the Youth Development sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $243K left a modest 9% surplus.

Mission

To improve education and development of young people, who reach their full potential, to become better & responsible citizen

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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 (2024)

Revenue Breakdown

Contributions & Grants $307,493
Program Service Revenue $0
Investment Income $3,000
Other Revenue $1,816
TOTAL REVENUE $312,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,859
Fundraising Expenses $422
Program Expenses $280,474
Other Expenses $208,450
TOTAL EXPENSES $312,309

Year-over-Year Comparison

2024 2023 Change
Revenue $312,309 $267,548 +0.2%
Expenses $312,309 $243,314 +0.3%
Net Income $0 $24,234 -1.0%
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
5
Independent Members
N/A
Employees
6
Volunteers
10

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
1
$64,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADEM ALUKA EXECUTIVE DIRECTOR 50.00
Officer
$64,000 $0 $64,000
KODJO ALUKA TREASURER 5.00
Director
$0 $0 $0
MICHAEL SMITH DIRECTOR 5.00
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
2024 $312,309 $312,309 No data No data
2023 $267,548 $243,314 $45,716 $24,234
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