GREATER WORKS CHARITIES INC

EIN: 842378132 501(c)(3) Human Services

Chicago, IL

Total Revenue
$440,055
Total Expenses
$437,492
Total Assets
$303,290
Net Assets
$-266,110
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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
2019
Phone
3123882296
Tax Period
2024-01-01 to 2024-12-31

GREATER WORKS CHARITIES INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $440K in total revenue in fiscal year 2024.

Mission

The Charity strives to strenghten our immediate community. It also seeks to feed families, empower lives and restore purpose

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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 $440,055
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $440,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $315,515
Other Expenses $437,492
TOTAL EXPENSES $437,492

Year-over-Year Comparison

2024 2023 Change
Revenue $440,055 $421,371 +0.0%
Expenses $437,492 $388,045 +0.1%
Net Income $2,563 $33,326 -0.9%
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
6
Independent Members
6
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adebayo Adeyemo Trustee 10
Director
$0 $0 $0
Oluremi Kuti Officer 10
Officer
$0 $0 $0
Felix Umanah Officer 10
Officer
$0 $0 $0
Adenike Efunbajo Officer N/A
Officer
$0 $0 $0
Oluwatoyin Babadiya Officer N/A
Officer
$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
2024 $440,055 $437,492 $303,290 $2,563
2023 $421,671 $388,045 $475,943 $33,626
2022 $404,163 $401,171 $495,068 $2,992
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