Franchise Owners Association of Chicagoland (EIN 364410454) - 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

2000

Legal Domicile

Principal Officer

Rahul Patel

Phone

8479754578

Tax Period

2023-01-01 to 2023-12-31

Franchise Owners Association of Chicagoland, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $817K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 17% operating margin.

Mission

To assist Chicago area 7 Eleven franchisees

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,485

Program Service Revenue $637,661

Investment Income $66

Other Revenue $170,261

TOTAL REVENUE $817,473

Expense Breakdown

Grants Paid $27,844

Salaries & Benefits $64,214

Fundraising Expenses $0

Program Expenses $462,110

Other Expenses $583,119

TOTAL EXPENSES $675,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$817,473	$499,397	+0.6%
Expenses	$675,177	$542,966	+0.2%
Net Income	$142,296	$-43,569	-4.3%

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
Liaquat Ali	Director	001.00	Director	$0	$0	$0
Hardik Patel	Director	001.00	Director	$0	$0	$0
Nizarali Ladhani	Director	001.00	Director	$0	$0	$0
Kashyap Shukla	Director	001.00	Director	$0	$0	$0
Nishit Patel	Director	001.00	Director	$0	$0	$0
Nirav Patel	Director	001.00	Director	$0	$0	$0
Rahul Patel	Treasurer	001.00	Officer Director	$0	$0	$0
Saeed Ur Rahman	Director	001.00	Director	$0	$0	$0
Vyomesh Desai	Director	001.00	Director	$0	$0	$0
Jaimin Pandya	President	001.00	Officer Director	$0	$0	$0
Ronak Desai	Director	001.00	Director	$0	$0	$0
Katen Patel	Director	001.00	Director	$0	$0	$0
Hitesh Doshi	Vice President	001.00	Officer 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	No data	No data	No data	No data
2023	$817,473	$675,177	$881,332	$142,296
2022	$499,397	$542,966	$800,430	$-43,569
2021	$626,713	$424,304	$716,557	$202,409
2020	$342,278	$305,670	$518,396	$36,608
2019	$358,455	$398,283	$479,437	$-39,828
2018	$361,093	$466,070	$522,140	$-104,977

Franchise Owners Association of Chicagoland