AKARAMA FOUNDATION INC

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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

1980

Legal Domicile

Phone

7733636220

Tax Period

2024-01-01 to 2024-12-31

AKARAMA FOUNDATION INC, founded in 1980, is a small nonprofit that reported $663K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $614K left a modest 7% surplus.

Mission

TO PROMOTE COMMUNITY SERVICE THROUGH VOLUNTEERISM AND SOCIALLY CONSCIOUS ACTIVITIES. THE GOAL OF THE FOUNDATIONS PROGRAMS ARE DESIGNED TO STRENGTHEN THE ECONOMIC, EDUCATIONAL, SOCIAL AND EMOTIONAL HEALTH OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $195,734 Revenue: $0

SCHOLARSHIPS AND GRANTS ARE AWARDED UPON LETTERS OF REFERENCES, ACT SCORES, AND GPAS. THE STUDENT MUST BE ENROLLED IN AN ACCREDITED COLLEGE OR UNIVERSITY AND MUST BE IN GOOD ACADEMIC STANDING...

SCHOLARSHIPS AND GRANTS ARE AWARDED UPON LETTERS OF REFERENCES, ACT SCORES, AND GPAS. THE STUDENT MUST BE ENROLLED IN AN ACCREDITED COLLEGE OR UNIVERSITY AND MUST BE IN GOOD ACADEMIC STANDING. EDUCATIONAL PROGRAMS THAT PROVIDE ACADEMIC ENRICHMENT TO STUDENTS THROUGHOUT THE CHICAGO AREA. MENTORING PROGRAMS THAT PROVIDE AT RISK TEENAGERS AN OPPORTUNITY TO BUILD SELF-ESTEEM AND ENCOURAGE ACADEMIC PURSUITS.

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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 $523,470

Program Service Revenue $0

Investment Income $0

Other Revenue $139,467

TOTAL REVENUE $662,937

Expense Breakdown

Grants Paid $60,838

Salaries & Benefits $0

Fundraising Expenses $177,540

Program Expenses $195,734

Other Expenses $553,290

TOTAL EXPENSES $614,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$662,937	$406,567	+0.6%
Expenses	$614,128	$473,270	+0.3%
Net Income	$48,809	$-66,703	-1.7%

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

N/A

Volunteers

300

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
FELICIA STANTON GRAY	PRESIDENT	2.00	Director	$0	$0	$0
KIMBERLY COLLIER	VICE PRESIDENT	2.00	Director	$0	$0	$0
KIMBERLY JACKSON	SECRETARY	2.00	Director	$0	$0	$0
MARYLN EVANS	TREASURER	2.00	Director	$0	$0	$0
KEESHA TYLER	ASSISTANT TREASURER	2.00	Director	$0	$0	$0
MONICA EDWARDS JONES	CORRESPONDING SECRETARY	2.00	Director	$0	$0	$0
NICOLE STEVENS	FINANCIAL SECRETARY	2.00	Director	$0	$0	$0
AUDREY COOPER-STANTON	PARLAMETARIAN	2.00	Director	$0	$0	$0
DENISE GRESHAM KNOX	CORPORATE & COMMUNITY RELATIONS	2.00	Director	$0	$0	$0
ELAINE SMITH-SINGH	GRANTS	2.00	Director	$0	$0	$0
DOROTHY RAGSDALE TRIPLETT	HUMAN RESOURCES	2.00	Director	$0	$0	$0
LYNNE HAIRSTON	MARKETING & COMMUNICATIONS	2.00	Director	$0	$0	$0
IONA CALHOUN BATISTE	RESOURCE DEVELOPMENT	2.00	Director	$0	$0	$0
MICHELLE PARAMORE	BUILDING & PROPERTY	2.00	Director	$0	$0	$0
ROCHELLE BRYANT	STRENGTHEN OUR SISTERHOOD	2.00	Director	$0	$0	$0
ANGELA TUCKER	STRENGTHEN OUR SISTERHOOD	2.00	Director	$0	$0	$0
OUIDA DYER-BRADFORD	EMPOWER OUR FAMILIES	2.00	Director	$0	$0	$0
ERIS RUDD	BUILD OUR ECONOMIC WEALTH	2.00	Director	$0	$0	$0
ANNA M HORN	ENHANCE OUR ENVIRONMENT	2.00	Director	$0	$0	$0
TANYA WOODS ESQ	ADVOCATE FOR SOCIAL JUSTICE	2.00	Director	$0	$0	$0
MICHELLE HARTON	SCHOLARSHIP	2.00	Director	$0	$0	$0
SOJOURNER CAIN	YYI/ACENDING YOUNG PEARL	2.00	Director	$0	$0	$0
YOLANDA BAILEY	UPLIFT OUR LOCAL COMMUNITY	2.00	Director	$0	$0	$0
VYNESSA ALEXANDER	TRUSTEE	2.00	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	$662,937	$614,128	$1,457,718	$48,809
2023	$406,585	$473,270	$1,422,406	$-66,685
2022	$350,072	$371,848	$1,428,614	$-21,776
2021	$509,804	$301,799	$1,516,656	$208,005
2020	$295,217	$286,746	$1,563,998	$8,471
2019	$357,564	$393,522	$1,613,148	$-35,958
2018	$359,437	$264,088	$1,773,033	$95,349
2017	$370,161	$410,765	$1,714,259	$-40,604