Imani Works Inc

Nonprofit profile at a glance

EIN
810686083
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Chicago, IL, USA
Phone
7735307985
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$27,493
Expenses
$169,348
Assets
$88,983
Liabilities
$3,939

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Patricia Eggleston (President)
  • Kevin Tyson (Vice President)

Highest reported compensation

  • Kevin Tyson (Vice President): $20,004 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empower underserved persons and families through four overall principals: Economic Development Health Equity Environmental Eco Justice Creation Care and Addressing the Impact of Mass Incarceration of Black and Brown People.

What it reported doing in 2024

Solar Energy Jobs Training Program. Solar Energy Jobs Training is a 52-hour training program that uses classroom training and hands-on lab activities to prepare students for work in the solar industry. This certificate program establishes entry-level competency and appeals to employers in the renewable energy field. Coursework helps students work toward various industry credentials including those through the North American Board of Energy Certified Energy Practitioners NABCEP. We trained 20 people in the following areas related to construction for solar projects. Included areas of study included: NCCR Core: Intro to Basic Construction Skills NCCR Electrical Level One NCCR Introduction to Solar PhotoVoltaics.

Operating model

Revenue model
Grant-funded. 67% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 57
  • Sustainability: 13
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 53.2%; rating input score 53
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 27th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -516%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 11.8%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -96.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -175.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -99.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 53.2% of spending went to programs
  • Governance: 8 of 9 board members independent · 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $90K in reported program spending
  • Leadership: top reported pay $20K · 9 people listed
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 8 not reported.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.