I AM ABLE CENTER FOR FAMILY DEVELO… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DR CAROLYN VESSEL

Phone

7738262929

Tax Period

2024-07-01 to 2025-06-30

I AM ABLE CENTER FOR FAMILY DEVELOPMENT, founded in 1992, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024.

Mission

I AM ABLES PURPOSE IS TO ENHANCE OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES TO EXPERIENCE OPTIMAL SOCIAL, PSYCHOLOGICAL AND EMOTIONAL OUTCOMES BY OFFERING AN ARRAY OF INTEGRATED SERVICES TO MEET THE NEEDS OF THE CHILD WELFARE POPULATION.

Program Service Accomplishments

Program 1

Expenses: $800,104 Revenue: $2,253,095

PROVIDE SOCIAL AND PSYCHOLOGICAL COUNSELING SERVICES FOR FAMILIES AND CHILDREN ON THE WESTSIDE OF CHICAGO. OVER 225 CLIENTS SERVED. ALSO, DCFS FLEX FUND GRANT SERVED CHILDREN IN THE SYSTEM...

PROVIDE SOCIAL AND PSYCHOLOGICAL COUNSELING SERVICES FOR FAMILIES AND CHILDREN ON THE WESTSIDE OF CHICAGO. OVER 225 CLIENTS SERVED. ALSO, DCFS FLEX FUND GRANT SERVED CHILDREN IN THE SYSTEM FACILITATED BY I AM ABLE CASEWORKERS. OVER 500 CLIENTS SERVED

Program 2

Expenses: $800,104

TRIM COMPRISES A SEAMLESS NETWORK OF COMMUNITY MEMBERS WHO AGREE TO ADDRESS TRAUMATIC EXPERIENCES AT ANY STAGE OF DEVELOPMENT THROUGH A COMMITTEE TO TRAUMA INFORMED CARE. (TIC) OUR GOAL IS TO BRING TOGETHER AND ENGAGE COMMUNITY MEMBERS/PROVIDERS TO ADDRESS CHILDHOOD AND FAMILY TRAUMA 8-BLOCKS AT A TIME THROUGH PREVENTION, INTERVENTION, AND AFTER CARE SERVICES.CLIENTS SERVED 211.

Program 3

Expenses: $800,104

WELLNESS HEALS IS A CRISIS RESPONSE SYSTEM FOR THE NORTH LAWNDALE COMMUNITY IN CHICAGO THAT IS DESIGNED TO REDUCE EMERGENCY ROOM VISITS AND PSYCHIATRIC HOSPITALIZATION RESULTING IN IMPROVED HEALTH...

WELLNESS HEALS IS A CRISIS RESPONSE SYSTEM FOR THE NORTH LAWNDALE COMMUNITY IN CHICAGO THAT IS DESIGNED TO REDUCE EMERGENCY ROOM VISITS AND PSYCHIATRIC HOSPITALIZATION RESULTING IN IMPROVED HEALTH OUTCOMES. RESIDENTS SERVED 85

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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 $2,278,391

Program Service Revenue $0

Investment Income $0

Other Revenue $1,704

TOTAL REVENUE $2,280,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,798,162

Fundraising Expenses $0

Program Expenses $2,400,312

Other Expenses $653,339

TOTAL EXPENSES $2,451,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,280,095	$2,253,095	+0.0%
Expenses	$2,451,501	$2,275,831	+0.1%
Net Income	$-171,406	$-22,736	+6.5%

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

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

$130,000

Total Directors

$130,000

Key Employees

$168,668

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAROLYN VESSEL	CEO	40.00	Officer Director Highest	$130,000	$0	$130,000
KATLYNN DALLMAN	PROGRAM DIRECTOR	40.00	Key Emp	$87,580	$0	$87,580
KIMBERLY LEWIS	PROGRAM SUPERVISOR	40.00	Key Emp	$81,088	$0	$81,088
VINCENT OSAGHAE	TREASURER	5.00	Officer Director	$0	$0	$0
LISA KENNER	BOARD CHAIR	0.00	Director	$0	$0	$0
BRENDA PALMS-BARBER	DIRECTOR	5.00	Director	$0	$0	$0
SHIRLEY VESSEL	DIRECTOR	5.00	Director	$0	$0	$0
SHERNERON HILLIARD	DIRECTOR	5.00	Director	$0	$0	$0
CLAY B WORTHAM	DIRECTOR	5.00	Director	$0	$0	$0
DR RESHORNA FITZPATRICK	DIRECTOR	5.00	Director	$0	$0	$0
JOHN ZEIGLER	DIRECTOR	5.00	Director	$0	$0	$0
JEFF LIESENDAHL	EMERITUS	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
2025	$2,280,095	$2,451,501	$892,659	$-171,406
2024	$2,253,095	$2,275,831	$1,100,337	$-22,736
2023	$2,347,372	$2,357,581	$1,050,442	$-10,209
2022	$2,798,972	$2,697,562	$954,278	$101,410
2021	$2,156,447	$2,177,048	$975,751	$-20,601

I AM ABLE CENTER FOR FAMILY DEVELOPMENT