FORGING OPPORTUNITIES FOR REFUGEES IN AMERICA INC NFP

EIN: 832337377 501(c)(3) Education

CHICAGO, IL

Total Revenue
$2,240,056
Total Expenses
$1,294,899
Total Assets
$3,440,773
Net Assets
$3,376,481
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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
2018
Legal Domicile
IL
Principal Officer
MICHAEL O'CONNOR
Phone
3123759689
Tax Period
2024-09-01 to 2025-08-31

FORGING OPPORTUNITIES FOR REFUGEES IN AMERICA INC NFP, founded in 2018, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $945K, a strong 42% operating margin.

Mission

ENSURE THAT REFUGEE FAMILIES ARE PROVIDED ACCESS TO AN EDUCATION SUFFICIENT TO PREPARE THEM TO BECOME ECONOMICALLY SELF SUFFICIENT AND ROBUSTLY ENGAGED IN AMERICAN CIVIC LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,214,224
Program Service Revenue $0
Investment Income $27,304
Other Revenue $-1,472
TOTAL REVENUE $2,240,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $844,937
Fundraising Expenses $180,554
Program Expenses $752,008
Other Expenses $449,962
TOTAL EXPENSES $1,294,899

Year-over-Year Comparison

2024 2023 Change
Revenue $2,240,056 $1,646,180 +0.4%
Expenses $1,294,899 $895,493 +0.4%
Net Income $945,157 $750,687 +0.3%
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
15
Independent Members
15
Employees
77
Volunteers
500

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELIKE ONCU PRESIDENT 2.00
Officer Director
$0 $0 $0
FARAH NOOR CHEEMA DIRECTOR 1.00
Director
$0 $0 $0
SHAIK KALEEM DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL O'CONNOR MANAGING DIRECTOR 55.00
Director
$0 $0 $0
WENDY MILLER DIRECTOR 1.00
Director
$0 $0 $0
LENA JESSEN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
DAIONE MITCHELL SECRETARY 1.00
Officer Director
$0 $0 $0
KATHLEEN O'CONNOR CHIEF EDUCATION OFFICER 55.00
Director
$0 $0 $0
JULIE HALBOWER DIRECTOR 1.00
Director
$0 $0 $0
ZAINAB BAIG DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SPEARS TREASURER 1.00
Officer Director
$0 $0 $0
NAUSHEEN ZAIDI DIRECTOR 1.00
Director
$0 $0 $0
BILL FORSYTH DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE MCMANUS DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN VARELA DIRECTOR 1.00
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
2025 $2,240,056 $1,294,899 $3,440,773 $945,157
2024 $1,646,180 $895,493 $3,010,563 $750,687
2023 $2,043,235 $714,404 $2,364,899 $1,328,831
2022 $749,849 $586,651 $1,780,369 $163,198
2021 $515,202 $369,083 $212,804 $146,119
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