FURQAN INSTITUTE (EIN 465708280) - 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

Legal Domicile

Principal Officer

HAITHAM AL-MEDANI

Phone

2483592305

Tax Period

2023-01-01 to 2023-12-31

FURQAN INSTITUTE is a micro nonprofit in the Religion sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $13K exceeded revenue, resulting in a 17% operating deficit.

Mission

FURQAN INSTITUTE DELIVER A HIGH QUALITY LEARNING EXPERINCE IN THE FIELD OF RECITATION AND MEMORIZATION OF THE HOLY QUR'AN. THE MISSION OF FURQAN INSTITUTEIS TO PROMOTE AND PROVIDE RELIEF, ASSISTANCE OR EDUCATION, IN CONNECTION WITH QUR'ANIC TEACHING AND CHARITY SERVICES.

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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 $11,000

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $11,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,750

Other Expenses $12,900

TOTAL EXPENSES $12,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,011	$15,610	-0.3%
Expenses	$12,900	$17,166	-0.2%
Net Income	$-1,889	$-1,556	+0.2%

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

Governance

Voting Members

Independent Members

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
HAITHAM AL-MEDANI	PRESIDENT	1.00	Officer	$0	$0	$0
RAGHEED AL-MIDANI	VICE PRESIDE	1.00	Officer	$0	$0	$0
RAZAN AL-MIDANI	TREASURER	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	$11,011	$12,900	$109,952	$-1,889
2022	$15,610	$17,166	$111,841	$-1,556
2021	$65,112	$54,613	$113,397	$10,499
2020	$55,265	$55,425	$102,898	$-160
2019	$109,408	$93,372	$103,058	$16,036
2018	$26,537	$43,121	$87,022	$-16,584

FURQAN INSTITUTE