STAR OF THE NORTH ACADEMY (EIN 464542126) - 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

2014

Legal Domicile

Principal Officer

EMAN IBRAHIM

Phone

7634505560

Tax Period

2023-07-01 to 2024-06-30

STAR OF THE NORTH ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 4% surplus.

Mission

OPERATION OF A CHARTER SCHOOL IN EAST BETHEL, MINNESOTA.

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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 $3,773,560

Program Service Revenue $12,777

Investment Income $0

Other Revenue $3,129

TOTAL REVENUE $3,789,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,268,263

Fundraising Expenses $0

Program Expenses $2,905,547

Other Expenses $2,357,286

TOTAL EXPENSES $3,625,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,789,466	$3,099,505	+0.2%
Expenses	$3,625,549	$3,205,617	+0.1%
Net Income	$163,917	$-106,112	-2.5%

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

$40,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAVED MOHAMMAD	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
ABDUL KHADEER	BOARD MEMBER	2.00	Director	$0	$0	$0
ZEENAT AHMED	BOARD MEMBER/TEACHER	42.00	Director	$36,911	$3,104	$40,015
NATOLI UMBER	BOARD MEMBER	2.00	Director	$0	$0	$0
FIKRET AJDINOVIC	BOARD MEMBER	2.00	Director	$0	$0	$0
EMAN IBRAHIM	EXECUTIVE DIRECTOR	42.00	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
2025	No data	No data	No data	No data
2024	$3,789,466	$3,625,549	$4,388,556	$163,917
2023	$3,099,505	$3,205,617	$4,400,505	$-106,112
2022	$2,730,055	$2,576,076	$4,716,499	$153,979
2021	$1,863,218	$1,851,375	$1,485,617	$11,843
2020	$1,999,161	$1,969,048	$1,410,118	$30,113
2019	$1,981,143	$2,026,296	$1,844,791	$-45,153
2018	$1,760,983	$2,323,112	$1,992,272	$-562,129

STAR OF THE NORTH ACADEMY