ASSOCIATION OF SPIRITUAL RENEWAL (EIN 474346236) - 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

2015

Legal Domicile

Principal Officer

AHMAD CHARARA

Phone

3139499293

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF SPIRITUAL RENEWAL, founded in 2015, is a small nonprofit in the Religion sector that reported $925K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $848K left a modest 8% surplus.

Mission

TO PROVIDE RELIGOUS SPIRITUAL EDUCATION, FAMILY COUNSELING, AND EDUCATION ON BEING GOOD MUSLIM CITIZENS WHO ARE KNOWLEDGABLE ABOUT THEIR RIGHTS AND DUTIES THROUGH REGULAR PROGRAMS, SEMINAR AND EDUCATIONAL SESSIONS.

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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 $925,015

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $925,015

Expense Breakdown

Grants Paid $2,275

Salaries & Benefits $495,582

Fundraising Expenses $0

Program Expenses $848,396

Other Expenses $350,539

TOTAL EXPENSES $848,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$925,015	$696,789	+0.3%
Expenses	$848,396	$640,033	+0.3%
Net Income	$76,619	$56,756	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NASIR ABBAS	TREASURER	5.00	Officer	$0	$0	$0
SYED SADIQ M JAFRI	SECRETARY	5.00	Officer	$0	$0	$0
AHMAD CHARARA	PRESIDENT	8.00	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	$925,015	$848,396	$1,271,213	$76,619
2024	$696,789	$640,033	$1,294,000	$56,756
2023	$779,385	$609,833	$1,293,298	$169,552
2022	$609,381	$450,197	$1,212,571	$159,184
2021	$366,132	$339,110	$951,607	$27,022
2020	$457,279	$235,799	$926,216	$221,480
2019	$304,192	$194,659	$141,492	$109,533

ASSOCIATION OF SPIRITUAL RENEWAL