Madina Academy Inc (EIN 061589428) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

Madina Academy Inc, founded in 2001, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $573K, a strong 28% operating margin.

Mission

Madina Academy is a private elementary, middle and high school. Our mission is to provide education that is based upon the noblest traditions. This education will in turn produce model citizens.

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,748

Program Service Revenue $1,557,842

Investment Income $219

Other Revenue $287,582

TOTAL REVENUE $2,029,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,052,085

Fundraising Expenses $0

Program Expenses $1,456,867

Other Expenses $404,782

TOTAL EXPENSES $1,456,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,029,391	$1,395,232	+0.5%
Expenses	$1,456,867	$1,392,064	+0.0%
Net Income	$572,524	$3,168	+179.7%

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
Raymond Cooper	Principal	40.00	Highest	$84,000	$0	$84,000
Ahsan Saghir	Secretary & Treasurer	2.00	Director	$0	$0	$0
Naeem Khalid	Trustee	2.00	Director	$0	$0	$0
Rubina Ali	Director	2.00	Director	$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	$2,029,391	$1,456,867	$3,432,652	$572,524
2023	$1,395,232	$1,392,064	$2,851,851	$3,168
2022	$1,352,178	$734,191	$2,879,938	$617,987
2021	$1,322,413	$1,025,082	$2,232,043	$297,331
2020	$1,029,942	$963,803	$2,095,036	$66,139
2019	$1,075,900	$1,004,708	$1,856,408	$71,192
2018	$964,976	$951,632	$1,786,046	$13,344

Madina Academy Inc