Acon Services (EIN 320169844) - 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

2005

Legal Domicile

Phone

3133402500

Tax Period

2024-01-01 to 2024-12-31

Acon Services, founded in 2005, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $511K, a strong 40% operating margin.

Mission

Acon Services primary purpose is to provide specialised care 24/7 to adults 18yrs and older who are mentally ill and developmentally disabled in a decent, safe residential setting that include housing, food, transportation, medication administration,supervision,basic selfcare,etc

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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 $1,293,074

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,293,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,186

Fundraising Expenses $0

Program Expenses $781,780

Other Expenses $199,594

TOTAL EXPENSES $781,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,293,074	$1,136,606	+0.1%
Expenses	$781,780	$729,139	+0.1%
Net Income	$511,294	$407,467	+0.3%

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

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
Stephen Ndukwe	Chairperson	0.00	Director	$0	$0	$0
Moore Wachuku	Board member	0.00	Director	$0	$0	$0
Mercy Owhor	Board member	0.00	Director	$0	$0	$0
Chukwuma Ezeanya	Vice PresidentSecretary	40.00	Officer	$0	$0	$0
Anthony Ezeanya	PresidentTreasurer	60.00	Officer	$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	$1,293,074	$781,780	$1,151,541	$511,294
2023	$1,136,606	$729,139	$640,306	$407,467
2022	$770,983	$707,339	$238,594	$63,644
2021	$685,773	$625,913	$176,936	$59,860
2020	$527,014	$452,266	$115,154	$74,748
2019	$432,225	$417,976	$39,309	$14,249
2018	$227,138	$210,483	$26,605	$16,655

Acon Services