UNITY ACADEMY OF CHICAGO

EIN: 862218168 501(c)(3) Education

STREAMWOOD, IL

Total Revenue
$758,585
Total Expenses
$778,290
Total Assets
$724,816
Net Assets
$641,936
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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
IL
Principal Officer
MOHAMEDBAQUIR NURMOHAMED
Phone
6307931301
Tax Period
2024-07-01 to 2025-06-30

UNITY ACADEMY OF CHICAGO, founded in 2020, is a small nonprofit in the Education sector that reported $759K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

UNITY ACADEMY OF CHICAGO PROVIDES ITS STUDENTS WITH AN EDUCATION THAT INSTILLS A LIFELONG LOVE FOR LEARNING AND EXCELLENCE.

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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 $131,981
Program Service Revenue $621,194
Investment Income $0
Other Revenue $5,410
TOTAL REVENUE $758,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $519,653
Fundraising Expenses $0
Program Expenses $770,045
Other Expenses $258,637
TOTAL EXPENSES $778,290

Year-over-Year Comparison

2024 2023 Change
Revenue $758,585 $663,024 +0.1%
Expenses $778,290 $652,757 +0.2%
Net Income $-19,705 $10,267 -2.9%
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
7
Independent Members
7
Employees
26
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HI SHAYKH AMIR MUKTHAR FAEZI BOARD MEMBER 5.00
Officer
$0 $0 $0
ABBAS KANJI BOARD MEMBER 5.00
Officer
$0 $0 $0
SAJJAD ZAIDI BOARD MEMBER 5.00
Officer
$0 $0 $0
JAFFER SYED BOARD MEMBER 5.00
Officer
$0 $0 $0
MOHAMEDBAQUIR NURMOHAMED BOARD MEMBER 5.00
Officer
$0 $0 $0
HEENA MUSABJI BOARD MEMBER 5.00
Officer
$0 $0 $0
JAWAD HUSSAIN BOARD MEMBER 5.00
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
2025 $758,585 $778,290 $724,816 $-19,705
2024 $663,024 $652,757 $658,860 $10,267
2023 $526,075 $394,480 $602,521 $131,595
2022 $484,854 $212,609 $457,275 $272,245
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