SALMA KHATOON ACADEMY INC

EIN: 205151027 501(c)(3)

WALLINGFORD, CT

Total Revenue
$69,219
Total Expenses
$61,741
Total Assets
N/A
Net Assets
N/A
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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
2006
Legal Domicile
CT
Principal Officer
TARIQ FARID
Phone
2037748000
Tax Period
2018-08-01 to 2019-07-31

SALMA KHATOON ACADEMY INC, founded in 2006, is a micro nonprofit that reported $69K in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $62K left a modest 11% surplus.

Mission

TO PROVIDE HIGH CALIBER ELEMENTARY EDUCATION WITH A MIX OF RELIGIOUS EDUCATION AND AFTER SCHOOL, WEEKEND, AND ADULT ISLAMIC EDUCATION CLASSES.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $128,493
Program Service Revenue $0
Investment Income $-59,274
Other Revenue $0
TOTAL REVENUE $69,219

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $61,741
TOTAL EXPENSES $61,741

Year-over-Year Comparison

2018 2017 Change
Revenue $69,219 $55,099 +0.3%
Expenses $61,741 $61,504 +0.0%
Net Income $7,478 $-6,405 -2.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASMA FARID VICE CHAIRMAN & SECRETARY 0.0
Officer Director
$0 $0 $0
SOMIA FARID DIRECTOR 0.0
Director
$0 $0 $0
TARIQ FARID CHAIRMAN & DIRECTOR 0.0
Officer 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
2019 $69,219 $61,741 No data $7,478
2018 $55,099 $61,504 $1,148,753 $-6,405
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