THE OPTIONS INITATIVE INC

EIN: 854161312 501(c)(3)

OAK PARK, IL

Total Revenue
$209,598
Total Expenses
$144,269
Total Assets
$65,731
Net Assets
$65,731
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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
2021
Legal Domicile
IL
Principal Officer
ADAM TAYLOR
Phone
7082204739
Tax Period
2024-01-01 to 2024-12-31

THE OPTIONS INITATIVE INC, founded in 2021, is a small nonprofit that reported $210K in total revenue in fiscal year 2024. The organization ran a surplus of $65K, a strong 31% operating margin.

Mission

OUR ORGANIZATION AIMS TO EXPAND THE SCOPE OF CAREER CHOICES FOR BLACK YOUTH BY PROVIDING IMPACTFUL EXPERIENCES, RESOURCES, AND EXPOSURE TO VARIOUS INDUSTRIES.

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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 $0
Program Service Revenue $209,598
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,598

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,384
Fundraising Expenses $1,623
Program Expenses $119,741
Other Expenses $99,885
TOTAL EXPENSES $144,269

Year-over-Year Comparison

2024 2023 Change
Revenue $209,598 N/A N/A
Expenses $144,269 N/A N/A
Net Income $65,329 N/A N/A
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
3
Independent Members
3
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
3
$10,250
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM TAYLOR PRESIDENT 25.00
Officer
$10,250 $0 $10,250
ELEANOR TAYLOR SECRETARY 1.00
Officer
$0 $0 $0
WILLIAM TAYLOR TREASURER 1.50
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 $209,598 $144,269 $65,731 $65,329
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