BETTER BOYS FOUNDATION

EIN: 362484473 501(c)(3) Youth Development

Chicago, IL

Total Revenue
$1,312,900
Total Expenses
$793,807
Total Assets
$540,599
Net Assets
$213,393
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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
1961
Legal Domicile
IL
Principal Officer
PAMELA BLACKMAN
Phone
7735427300
Tax Period
2023-07-01 to 2024-06-30

BETTER BOYS FOUNDATION, founded in 1961, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $519K, a strong 40% operating margin.

Mission

TO ENRICH AND IMPROVE THE QUALITY OF LIFE FOR NORTH LAWNDALE YOUTH AND THEIR FAMILIES BY PROVIDING SAFE, STABLE AND NURTURING EXPERIENCES

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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 $282,312
Program Service Revenue $1,016,473
Investment Income $14,115
Other Revenue $0
TOTAL REVENUE $1,312,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $793,807
Other Expenses $793,807
TOTAL EXPENSES $793,807

Year-over-Year Comparison

2023 2022 Change
Revenue $1,312,900 $1,243,875 +0.1%
Expenses $793,807 $1,000,459 -0.2%
Net Income $519,093 $243,416 +1.1%
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
12
Independent Members
11
Employees
N/A
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
3
$144,000
Total Directors
1
$80,000
Key Employees
1
$80,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA BLACKMAN CEO 40.00
Officer Director Key Emp Highest
$0 $80,000 $80,000
MARIA MEDINA COO 40.00
Officer
$0 $60,000 $60,000
JEFF GOLDBERG CFO 5.00
Officer
$0 $4,000 $4,000
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 $1,312,900 $793,807 $540,599 $519,093
2023 $1,243,875 $1,000,459 $38,387 $243,416
2021 No data No data $-198,830 No data
2020 No data No data $-198,830 No data
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