UNITY ACADEMY OF CHICAGO

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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

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. OUR STUDENTS ARE TAUGHT TO VIEW AND UNDERSTAND THE WORLD THROUGH THE LIGHT OF THE GLORIOUS QURAN AND THE TEACHINGS OF OUR NOBLE PROPHET MUHAMMAD AND HIS PURE FAMILY. THROUGH A COMPREHENSIVE CURRICULUM AND COMPASSIONATE ENVIRONMENT, UNITY AVADEMY EQUIPS STUDENTS WITH THE KNOWLEDGE, VALUES AND MINDSET THEY NEED TO CONTRIBUT TO A BETTER WORLD.

Program Service Accomplishments

Program 1

Expenses: $770,045 Revenue: $621,194

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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