I AM ABEL FOUNDATION

EIN: 474115154 501(c)(3) Human Services

Chicago, IL

Total Revenue
$806,870
Total Expenses
$721,920
Total Assets
$785,934
Net Assets
$748,242
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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
2015
Legal Domicile
IL
Principal Officer
LaMenta Conway
Phone
8006006959
Tax Period
2025-01-01 to 2025-12-31

I Am Able Foundation, founded in 2015, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $175K left a modest 13% surplus.

Mission

Preparing future physicians and physician scientist to advance equitable healthcare access.

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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 $806,870
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $806,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,327
Fundraising Expenses $0
Program Expenses $721,920
Other Expenses $545,593
TOTAL EXPENSES $721,920

Year-over-Year Comparison

2025 2024 Change
Revenue $806,870 $1,029,257 -0.2%
Expenses $721,920 $483,702 +0.5%
Net Income $84,950 $545,555 -0.8%
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
22
Independent Members
22
Employees
N/A
Volunteers
30

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
3
$76,545
Total Directors
1
$76,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr L Conway President 20.00
Officer
$0 $0 $0
Trena Burke Secretary 10.00
Officer
$0 $0 $0
Cornelius Conway Executive Director / Treasurer N/A
Officer Director
$76,545 $0 $76,545
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 $806,870 $721,920 $785,934 $84,950
2024 $1,029,257 $483,702 $673,980 $545,555
2023 $445,467 $423,021 $133,150 $22,446
2022 $254,197 $273,954 $56,056 $-19,757
2021 $201,864 $174,976 $72,321 $26,888
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