AL-FAROOQ COMMUNITY HEALTH CEN

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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

Principal Officer

BASHIRU HABIB

Phone

3129617642

Tax Period

2024-01-01 to 2024-12-31

AL-FAROOQ COMMUNITY HEALTH CEN is a micro nonprofit in the Health Care sector that reported $57K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION IS TO PROVIDE AFFORDABLE PRIMARY HEALTHCARE SERVICES FOR RESIDENTS OF CHICAGO SOUTHSIDE COMMUNITIES AND HELP TO IMPROVE HEALTH OUTCOMES THROUGH HIGH QUALITY AND BARRIER-FREE COMMUNITY

Program Service Accomplishments

Program 1

THE CORPORATION STARTED ITS OPERATIONS IN JUNE 2020 AND STILL IN THE

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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 (2024)

Revenue Breakdown

Contributions & Grants $46,995

Program Service Revenue $5,800

Investment Income $0

Other Revenue $4,129

TOTAL REVENUE $56,924

Expense Breakdown

Grants Paid $46,995

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,976

TOTAL EXPENSES $56,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,924	$56,026	+0.0%
Expenses	$56,971	N/A	N/A
Net Income	$-47	$56,026	-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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BASHIRU HABIB	PRESIDENT	12	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	$56,924	$56,971	$6,580	$-47
2023	$56,026	$56,971	$5,827	$-945
2022	$56,726	$58,110	$5,971	$-1,384
2021	$54,126	$51,057	$7,356	$3,069
2020	$1,000	$1,713	$4,287	$-713