Chi-Care (EIN 850613223) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Chi-Care, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 939% from the prior year, signaling strong growth momentum.

Mission

Chi-Care is an organization that provides food, water and shelter help for Chicagolands homeless and extremely needy. What makes Chi-Care a unique organization is the fact that they go directly to the needy and the areas in need. They serve the most underserved.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,728,032

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,728,032

Expense Breakdown

Grants Paid $4,273,924

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,661,303

Other Expenses $394,396

TOTAL EXPENSES $4,668,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,728,032	$454,892	+9.4%
Expenses	$4,668,320	$325,670	+13.3%
Net Income	$59,712	$129,222	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

267

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Ozaki	Board Memeber	0.00	Director	$0	$0	$0
Ali Suleman	Board Mmeber	0.00	Director	$0	$0	$0
Cindy Adriani	Board Member	0.00	Director	$0	$0	$0
Zio Pekovic	Board Member	0.00	Director	$0	$0	$0
Meraj Alam	Board Member	0.00	Director	$0	$0	$0
Farhan Ahmed	President	20.00	Officer	$0	$0	$0
Oliver Stone	Treasurer	20.00	Officer	$0	$0	$0
Faraz Sardharia	Secretary	20.00	Officer	$0	$0	$0
Basheer Hassan	Vice President	20.00	Officer	$0	$0	$0
Asif Iqbal	Vice President	20.00	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	No data	No data	No data	No data
2023	$4,728,032	$4,668,320	$788,373	$59,712
2022	$454,892	$325,670	$316,420	$129,222
2021	$326,998	$244,751	$182,623	$82,247

Chi-Care