LABAKCARE ORGANIZATION 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

2012

Legal Domicile

Principal Officer

OMOLABAKE FADEYIBI

Tax Period

2022-01-01 to 2022-12-31

LABAKCARE ORGANIZATION INC, founded in 2012, is a small nonprofit in the International Affairs sector that reported $147K in total revenue in fiscal year 2022.

Mission

The efforts of Labakcare have increased the knowledge of screened participants in understanding their diagnosed health issues. Participants are taught to recognize the signs and symptoms of their health problems and what to look for if their conditions deteriorate.

Program Service Accomplishments

Program 1

Expenses: $136,357 Revenue: $137,348

Covid 19 Vaccination and Education Program. Programs for underserved communities delivered services to both sheltered and unsheltered Homeless residents in participation with various communities such...

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,510

Program Service Revenue $137,348

Investment Income $0

Other Revenue $0

TOTAL REVENUE $146,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,232

Fundraising Expenses $0

Program Expenses $136,357

Other Expenses $107,079

TOTAL EXPENSES $144,311

Year-over-Year Comparison

	2022	2021	Change
Revenue	$146,858	N/A	N/A
Expenses	$144,311	N/A	N/A
Net Income	$2,547	N/A	N/A

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

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
OMOLABAKE FADEYIBI	PRESIDENT	025.00	Officer Director Key Emp	$0	$0	$0
OLORUNTOSIN ADEYANJU	MEDICAL DIRECTOR	005.00	Director	$0	$0	$0
BITRUS GWAMNA	EXECUTIVE DIRECTOR	005.00	Director	$0	$0	$0
ENYIN NWAMUO	VICE PRESIDENT	005.00	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
2022	$146,858	$144,311	$44,643	$2,547