PURPOSEFUL LIFE INC (EIN 471290579) - 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

ARIF UR REHMAN

Phone

3214384891

Tax Period

2024-01-01 to 2024-12-31

PURPOSEFUL LIFE INC, founded in 2014, is a micro nonprofit in the Religion sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO EDUCATE MUSLIMS AND NON-MUSLIMS ACCORDING WITH THE TEACHINGS OF QURAN. ALSO TO BUILD BRIDGES OF UNDERSTANDING BETWEEN MUSLIMS AND OTHER FAITHS

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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 $24,247

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,262

Other Expenses $36,262

TOTAL EXPENSES $36,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,247	$101,318	-0.8%
Expenses	$36,262	$30,095	+0.2%
Net Income	$-12,015	$71,223	-1.2%

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

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
ARIF UR REHMAN	PRESIDENT	N/A	Officer	$0	$0	$0
SAIF UR REHMAN	SECRETARY	N/A	Officer	$0	$0	$0
WAJAHAT KHAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
SANA CHAUDRY	TREASURER	N/A	Officer	$0	$0	$0
DAWOOD SYED	I T DIRECTOR	N/A	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	$24,247	$36,262	$493,944	$-12,015
2023	$101,318	$30,095	$505,958	$71,223
2022	$198,871	$42,429	$443,400	$156,442
2021	$120,350	$24,301	$286,959	$96,049
2020	$50,245	$57,464	$190,798	$-7,219

PURPOSEFUL LIFE INC