National Able Network INC EIN 23-7339397 Form 990 (PDF) Claim this org

National Able Network INC

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Empowers individuals through education and job training for self-sufficiency and career advancement. For fiscal year 2025 it reported $20.1M in revenue, $19.5M in expenses, and $6.3M in net assets.Pt I

Founded
1976
Type
Public charity (501(c)(3)) · Nonprofit
Location
Chicago, IL
Website
www.nationalable.org
Filings
5 on file (2021–2025)
Revenue
$20.1MFY2025
Expenses
$19.5M
Net assets
$6.3M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7339397 Public charity (501(c)(3)) Chicago, IL Founded 1976
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Empowers individuals through education and job training for self-sufficiency and career advancement.
Leadership
Matthew C Weis · President & CEO · $305K
Money in and out
$20.1M revenue, $19.5M expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$20.1M
Pt VIII · Ln 12
Total expenses
$19.5M
Pt IX · Ln 25
Net assets
$6.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $577K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$20.1M
FY2025▲ +4%
Expenses
$19.5M
FY2025▲ +3%
Total assets
$14.6M
FY2025▲ +23%
Total liabilities
$8.3M
FY2025▲ +35%
Total revenue
$20.1M
Pt VIII · Ln 12
Total expenses
$19.5M
Pt IX · Ln 25
Net assets
$6.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$577K
Total assetsPt X · Ln 16$14.6M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $17.9M of program spending, described in the organization's own filed words · FY2024.
01

Client training provides vocational and on-the-job training provided to economically disadvantaged individuals including dislocated workers, low-income seniors, and veterans to prepare them for re-employment.

$9.7Mprogram expense
02

Employer services provide direct referrals of pre-screened and trained candidates including targeted hiring events and customized employment training services.

$8.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNational Able Network INC
EINHdr · item D23-7339397
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.nationalable.org
Year of formationHdr · item L1976
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$305,001Pt VII · Sec A
CFO Through 03/2025
$233,422Pt VII · Sec A
$183,875Pt VII · Sec A
Chief Program Officer
$177,529Pt VII · Sec A
Program Development VP
$155,122Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Matthew C Weis$305,001
Matt Weis$282,308
Bridget Altenburg$159,763$259,197$269,997$270,227
Khalid M Qazi$233,422$225,152$202,313$201,538$185,227
Mark a Rasmussen$183,875$170,905
Alajandra Sinecio$177,529$166,429
Matt C Weis$166,841
Gail Berrier$164,971$131,230$141,879$129,080

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$18.6M · 93%
Program service revenue$811K · 4%
Other revenue$599K · 3%
Contributions & grants93%$18.6M
Program service revenue4%$811K
Other revenue3%$599K
Investment income$94K
— government grantsLn 1e$18.2M
Total revenueLn 12$20.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program services91%$17.9M
Management & general7%$1.4M
Fundraising1%$220K
Total functional expensesLn 25$19.5M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$14.6M
Total liabilitiesLn 26$8.3M
Total net assetsLn 32$6.3M
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $19.5M
1.7 months
Where the money goes
Program services
Program services $17.9M · Total expenses $19.5M
91%
Management & General
Management & general $1.4M · Total expenses $19.5M
7%
Fundraising
Fundraising $220K · Total expenses $19.5M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $174K · Solicited contributions (3-yr avg) $584K
$0.30 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $18.6M · Total revenue $20.1M
93%
Government reliance
Government grants $18.2M · Total revenue $20.1M
90%
Earned-income share
Program service revenue $811K · Total revenue $20.1M
4%
Investment reliance
Investment income $94K · Total revenue $20.1M
+0.5%
Program self-sufficiency
Program service revenue $811K · Total expenses $19.5M
4%
Growth & trend
Revenue growth (YoY)
This year $20.1M · Prior year $19.3M
+4%
Revenue CAGR
FY2020 $27.8M · FY2024 $20.1M
-8%
Net-asset trend (YoY)
End of year $6.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.1M · Expenses $19.5M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $14.6M
Net-asset ratio
Net assets $6.3M · Total assets $14.6M
43%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew C Weis · Reported title PRESIDENT & CEO · Highest reported compensation $305K · Total expenses $19.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13.3M · Total expenses $19.5M
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 7%
Fundraising cost ratio 1%
Revenue growth 4%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Cwi Works INCFY2024$811K
Total grants receivedfrom 5 funders$5.1M
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$20.1M revenue · viewing · ⤓ 990 PDF
FY2024$19.3M revenue · ⤓ 990 PDF
FY2023$22.7M revenue · ⤓ 990 PDF
FY2022$25.1M revenue · ⤓ 990 PDF
FY2021$27.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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