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 ABEL FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $807K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $722K left a modest 11% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $721,920 Revenue: $806,870

Corporate and sponsorship contribuitons we received allowed the Foundation to pay one of our Board Members to serve as Media Event Manager. Also, with the same donations received, the Foundation was...

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Corporate and sponsorship contribuitons we received allowed the Foundation to pay one of our Board Members to serve as Media Event Manager. Also, with the same donations received, the Foundation was able to bring former mentees/students that had successfully completed the program to serve as MCAT Instructors, Coaches, and Tutors.

Program 2
Expenses: $0 Revenue: $0

N/A

Program 3
Expenses: $0 Revenue: $0

N/A

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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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