IRUSA WAQF (EIN 471666091) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

AHMED SHEHATA

Phone

7037207202

Tax Period

2023-01-01 to 2023-12-31

IRUSA WAQF, founded in 2014, is a micro nonprofit in the International Affairs sector that reported $12K in total revenue in fiscal year 2018. Revenue surged 1252% from the prior year, signaling strong growth momentum. Expenses of $164K exceeded revenue, resulting in a 1247% operating deficit.

Mission

ESTABLISH A POOL OF CAPITAL THAT ENSURES THE LONG-TERM SUSTAINABILITY OF ISLAMIC RELIEF USA (IRUSA) AND ENABLES THE CHARITY IN ACHIEVING ITS OBJECTIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $753,608

Program Service Revenue $0

Investment Income $966,526

Other Revenue $192,766

TOTAL REVENUE $1,912,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,614

Fundraising Expenses $466,041

Other Expenses $193,427

TOTAL EXPENSES $466,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,912,900	$-928,827	-3.1%
Expenses	$466,041	$629,164	-0.3%
Net Income	$1,446,859	$-1,557,991	-1.9%

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

$927,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAQIB RASHID	BOARD CHAIRMAN	3.00	Officer Director	$0	$0	$0
SAMI SHABAN	DIRECTOR	3.00	Director	$0	$0	$0
AMIR MEMON	DIRECTOR	3.00	Director	$0	$0	$0
KHALED ALBADAWI	DIRECTOR BEG 11/23	3.00	Director	$0	$0	$0
KHALED LAMADA	DIRECTOR THRU 10/21/23	3.00	Director	$0	$0	$0
FAISAL KHAN	PRESIDENT THRU 6/2/23	40.00	Officer	$94,138	$17,867	$112,005
SHARIF ALY	CEO OF IRUSA THRU 6/23	3.00	Officer	$0	$27,423	$147,385
TAREQ OSMAN	CONTROLLER	3.00	Officer	$0	$34,930	$219,204
ARAIF YUSUFF	INTERIM CEO THRU 12/31/23	3.00	Officer	$0	$36,277	$221,102
MOHAMMAD DANDASHI	INTERIM COO THRU 12/31/23	3.00	Officer	$0	$52,283	$227,442
ASHAR AKHTAR	GENERAL COUNSEL	10.00	Highest	$31,200	$49,306	$240,598

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	$1,912,900	$466,041	$15,291,521	$1,446,859
2022	$-928,827	$629,164	$15,482,332	$-1,557,991
2021	$3,720,978	$518,588	$17,701,945	$3,202,390
2020	$1,805,223	$358,706	$11,899,562	$1,446,517
2019	$86,621	$364,925	$8,463,751	$-278,304
2018	$12,181	$164,076	$8,038,830	$-151,895

IRUSA WAQF