A CONTINUOUS CHARITY

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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

2012

Legal Domicile

Phone

6262213969

Tax Period

2023-01-01 to 2023-12-31

A CONTINUOUS CHARITY, founded in 2012, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $959K, a strong 37% operating margin.

Mission

EDUCATE STUDENTS IN FINANCIAL NEED

Program Service Accomplishments

Program 1

Expenses: $872,081

THE ORGANIZATION PROVIDES NON-INTEREST BASED LOANS TO STUDENTS TO HELP PAY FOR COLLEGE EDUCATION. AS LOANS ARE REPAID THE ORGANIZATION DOES NOT EXPECT, COLLECT, OR RECORD INTEREST. THE ORGANIZATION DOES NOT PROFIT FROM THESE LOANS, AS LOANS ARE REPAID, THE CAPITAL IS RE-AWARDED TO NEW APPLICATS. THIS IS THE ORGANIZATIONS SOLE PROGRAM SERVICE. ___ RECEIPIENTS WERE SERVICED THIS YEAR

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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 $2,187,122

Program Service Revenue $0

Investment Income $0

Other Revenue $372,662

TOTAL REVENUE $2,559,784

Expense Breakdown

Grants Paid $204,147

Salaries & Benefits $938,823

Fundraising Expenses $372,662

Program Expenses $872,081

Other Expenses $440,427

TOTAL EXPENSES $1,600,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,559,784	$1,568,378	+0.6%
Expenses	$1,600,496	$1,087,609	+0.5%
Net Income	$959,288	$480,769	+1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATHAR HAQ	PRESIDENT	25.00	Officer Director	$0	$0	$0
OLABIS RIDWAN AKANO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMMAR AHMED	TREASURER	1.00	Officer	$0	$0	$0
SAFEER MOHIUDDIN	SECRETARY	1.00	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	$2,559,784	$1,600,496	$5,287,705	$959,288
2023	$2,559,784	$1,600,496	$5,287,705	$959,288
2022	$1,568,378	$1,087,609	$4,446,205	$480,769
2021	$1,736,802	$603,934	$4,021,708	$1,132,868
2020	$1,188,163	$553,773	$2,851,103	$634,390
2019	$871,926	$157,869	$2,194,644	$714,057
2018	$607,280	$163,094	$1,272,271	$444,186