IQA FOUNDATION INC (EIN 261300145) - 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

2007

Legal Domicile

Principal Officer

KAMRAN HOSAIN

Phone

9728497182

Tax Period

2024-08-01 to 2025-07-31

IQA FOUNDATION INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 8% surplus.

Mission

CULTIVATING THE NEXT GENERATION OF AMERICAN MUSLIM SCHOLARS

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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 (2024)

Revenue Breakdown

Contributions & Grants $375,993

Program Service Revenue $2,712,116

Investment Income $0

Other Revenue $13,380

TOTAL REVENUE $3,101,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,100,916

Fundraising Expenses $43,435

Program Expenses $2,812,545

Other Expenses $760,695

TOTAL EXPENSES $2,861,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,101,489	$2,956,558	+0.0%
Expenses	$2,861,611	$2,619,661	+0.1%
Net Income	$239,878	$336,897	-0.3%

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
SYED HUQ	CHAIRMAN	10.00	Director	$0	$0	$0
KAMRAN HOSAIN	TREASURER	15.00	Officer Director	$0	$0	$0
CYNTHIA SIDDIQUI	SECRETARY	10.00	Director	$0	$0	$0
AAMIR PANJWANI	TRUSTEE	10.00	Director	$0	$0	$0
SHAFIQ DHARAMSI	TRUSTEE	10.00	Director	$0	$0	$0
TALHA HASHMI	TRUSTEE	10.00	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
2025	$3,101,489	$2,861,611	$8,510,529	$239,878
2024	$2,956,558	$2,619,661	$6,551,755	$336,897
2023	$3,092,515	$2,423,603	$4,977,506	$668,912
2022	$2,469,464	$1,888,410	$4,752,473	$581,054
2021	$2,375,665	$1,905,960	$4,534,791	$469,705
2020	$2,465,572	$2,054,183	$4,036,800	$411,389
2019	$2,175,756	$1,866,094	$4,519,758	$309,662

IQA FOUNDATION INC