THE QURAN INSTITUTE OF AMERICA (EIN 203293913) - 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

2005

Legal Domicile

Principal Officer

MOSTAFA TOLBA

Tax Period

2023-01-01 to 2023-12-31

THE QURAN INSTITUTE OF AMERICA, founded in 2005, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO SERVE ALLAH BY TEACHING THE RECITATION, TAJWEED, AND MEMORIZATION OF THE HOLY QURAN TO ALL PEOPLE.

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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 $920,787

Program Service Revenue $979,235

Investment Income $0

Other Revenue $29,731

TOTAL REVENUE $1,929,753

Expense Breakdown

Grants Paid $53,509

Salaries & Benefits $891,767

Fundraising Expenses $194,064

Program Expenses $1,244,153

Other Expenses $1,002,417

TOTAL EXPENSES $1,947,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,929,753	$1,680,135	+0.1%
Expenses	$1,947,693	$1,662,464	+0.2%
Net Income	$-17,940	$17,671	-2.0%

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

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
GAMAL ALJAHMI	PRESIDENT	1.00	Director	$0	$0	$0
KAID OMAR	SECRETARY	1.00	Director	$0	$0	$0
ADEL ALSOOFI	REP MEMBER	2.00	Director	$0	$0	$0
MOHAMMAD FARAH	TREASURER	1.00	Director	$0	$0	$0
MOSTAFA TOLBA	EXECUTIVE DIRECTOR	50.00	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
2024	No data	No data	No data	No data
2023	$1,929,753	$1,947,693	$2,207,328	$-17,940
2022	$1,680,135	$1,662,464	$1,887,159	$17,671
2021	$1,131,374	$1,116,969	$1,918,932	$14,405
2020	$654,648	$750,523	$1,989,009	$-95,875
2019	$1,176,202	$1,150,872	$2,102,656	$25,330
2018	$1,056,308	$1,045,752	$2,067,296	$10,556
2017	$918,226	$1,055,674	$2,068,980	$-137,448

THE QURAN INSTITUTE OF AMERICA