The CABET Group Inc

EIN: 362757763 501(c)(3) Employment

Chicago, IL

Total Revenue
$709,890
Total Expenses
$684,412
Total Assets
$416,649
Net Assets
$278,194
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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
1972
Legal Domicile
IL
Principal Officer
R Tyrone Farris
Tax Period
2022-07-01 to 2023-06-30

The CABET Group Inc, founded in 1972, is a small nonprofit in the Employment sector that reported $710K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $684K left a modest 4% surplus.

Mission

The CABET Group is a non-profit organization created in 1972 by Chicago business leaders to help break the cycle of poverty for individuals and families through job preparation and sustained employment.

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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 (2022)

Revenue Breakdown

Contributions & Grants $665,128
Program Service Revenue $0
Investment Income $200
Other Revenue $44,562
TOTAL REVENUE $709,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500,750
Fundraising Expenses $0
Program Expenses $627,051
Other Expenses $183,662
TOTAL EXPENSES $684,412

Year-over-Year Comparison

2022 2021 Change
Revenue $709,890 $628,658 +0.1%
Expenses $684,412 $558,609 +0.2%
Net Income $25,478 $70,049 -0.6%
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
9
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maya Broussard Director 1.00
Director
$0 $0 $0
Alice Daniels Director 1.00
Director
$0 $0 $0
Vicki Pasley Director 1.00
Director
$0 $0 $0
Samuel Woods Director 1.00
Director
$0 $0 $0
Louise King Chairperson 1.00
Officer Director
$0 $0 $0
Osceola Gibson Vice Chairperson 1.00
Officer Director
$0 $0 $0
R Tyrone Farris PresidentCEO 40.00
Officer Highest
$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 $709,890 $684,412 $416,649 $25,478
2022 $628,658 $568,594 $261,122 $60,064
2021 $1,263,484 $1,247,874 $199,353 $15,610
2020 $564,410 $544,017 $260,352 $20,393
2019 $486,616 $499,416 $188,414 $-12,800
2018 $476,923 $520,213 $214,807 $-43,290
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