TRUE BELIEVERS COMMUNITY CONNECTIONS

EIN: 463479313 501(c)(3) Education

CHICAGO, IL

Total Revenue
$543,657
Total Expenses
$368,443
Total Assets
$219,314
Net Assets
$33,954
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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
2013
Legal Domicile
IL
Principal Officer
DR CAROL Y COLLUM
Phone
7739665651
Tax Period
2025-01-01 to 2025-06-30

TRUE BELIEVERS COMMUNITY CONNECTIONS, founded in 2013, is a small nonprofit in the Education sector that reported $544K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $175K, a strong 32% operating margin.

Mission

Established to empower underserved, improverished, and underrepresented individuals and families.

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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 (2025)

Revenue Breakdown

Contributions & Grants $543,657
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $543,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,199
Fundraising Expenses $0
Program Expenses $203,108
Other Expenses $83,244
TOTAL EXPENSES $368,443

Year-over-Year Comparison

2025 2024 Change
Revenue $543,657 $709,071 -0.2%
Expenses $368,443 $727,324 -0.5%
Net Income $175,214 $-18,253 -10.6%
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
10
Independent Members
7
Employees
14
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
0
$0
Total Directors
9
$0
Key Employees
1
$157,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN PAUL PARKS BOARD CHAIRMAN 1
Director
$0 $0 $0
DR BLESSING BAMIRO BOARD TREASURER 1
Director
$0 $0 $0
BETTIE COLLUM BOARD MEMBER 1
Director
$0 $0 $0
JERRY COLLUM SR BOARD MEMBER 1
Director
$0 $0 $0
DR FRANCIS MORKEH BOARD MEMBER 1
Director
$0 $0 $0
JOHN TRIBBLE BOARD MEMBER 1
Director
$0 $0 $0
DR WINNIE WILLIAM HALL BOARD MEMBER 1
Director
$0 $0 $0
DR LACRETIA BERNSTEN BOARD MEMBER 1
Director
$0 $0 $0
DR CAROL Y COLLUM EXECUTIVE DIRECTOR AND BOARD MEMB 40
Key Emp
$157,000 $0 $157,000
BETTIE COLLUM BOARD MEMBER 2
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 $543,657 $368,443 $219,314 $175,214
2024 $709,071 $727,324 $168,239 $-18,253
2023 $452,205 $517,887 $160,703 $-65,682
2022 $479,517 $404,511 $241,995 $75,006
2021 $262,955 $270,086 $69,736 $-7,131
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