IGBO ASSOCIATION OF CHICAGO INC

EIN: 364665744 501(c)(3)

Chicago, IL

Total Revenue
$22,150
Total Expenses
$21,472
Total Assets
$10,617
Net Assets
$10,617
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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
2010
Legal Domicile
IL
Tax Period
2019-01-01 to 2019-12-31

IGBO ASSOCIATION OF CHICAGO INC, founded in 2010, is a micro nonprofit that reported $22K in total revenue in fiscal year 2019. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $21K left a modest 3% surplus.

Mission

TO PROMOTE THE SOCIAL ADVANCEMENT UNIFICATION OF ALL IGBOS

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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 (2019)

Revenue Breakdown

Contributions & Grants $22,150
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $22,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,472
Other Expenses $21,472
TOTAL EXPENSES $21,472

Year-over-Year Comparison

2019 2018 Change
Revenue $22,150 $19,125 +0.2%
Expenses $21,472 $18,350 +0.2%
Net Income $678 $775 -0.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$0
Total Directors
7
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS EUCHARIA NTAMERE TREASURER 20.00
Officer Director
$0 $0 $0
LADY DR TINA UKAIGWE SECRETARY 20.00
Officer Director
$0 $0 $0
OKEY AZUBUIKE FINANCIAL SECRETARY 20.00
Officer Director
$0 $0 $0
CHIEF MICHAEL ILOEGBUNAM BOARD CHAIRMAN 10.00
Director
$0 $0 $0
MRS NKECHI OKEH BOARD VICE CHAIRMAN 10.00
Director
$0 $0 $0
MAZI FRIDAY NWOKOMA PRESIDENT 25.00
Director Key Emp
$0 $0 $0
CHARLES NKUKU VICE PRESIDENT 25.00
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
2019 $22,150 $21,472 $10,617 $678
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