IJEBU ALARE ASSOCIATION INC NFP

EIN: 770720464 501(c)(3) Arts, Culture & Humanities

Hanover Park, IL

Total Revenue
$32,437
Total Expenses
$9,738
Total Assets
$85,720
Net Assets
$85,720
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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
1999
Legal Domicile
IL
Tax Period
2023-01-01 to 2023-12-31

IJEBU ALARE ASSOCIATION INC NFP, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2023. The organization ran a surplus of $23K, a strong 70% operating margin.

Mission

Promote Education & Culture. Food drive, collect food, clothes for battered women, infantshelter in Chicago.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,437
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $32,437

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,738
Other Expenses $9,738
TOTAL EXPENSES $9,738

Year-over-Year Comparison

2023 2022 Change
Revenue $32,437 $30,964 +0.0%
Expenses $9,738 $19,766 -0.5%
Net Income $22,699 $11,198 +1.0%
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
5
Independent Members
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOMI ADEOYE DIRECTOR 20.00
Director
$0 $0 $0
BABS LAWAL DIRECTOR 20.00
Director
$0 $0 $0
FUNMI ONAYEMI VICE CHAIRMAN 20.00
Director
$0 $0 $0
BOLA ODEDINA CHAIRMAN 40.00
Director
$0 $0 $0
TITILOLA TURTON DIRECTOR 40.00
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
2023 $32,437 $9,738 $85,720 $22,699
2022 $30,964 $19,766 $63,021 $11,198
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