NAAS WELFARE FOUNDATION INC

EIN: 475008669 501(c)(3) Human Services

Sugar Land, TX

Total Revenue
$1,141,478
Total Expenses
$617,493
Total Assets
$1,029,569
Net Assets
$895,971
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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
TX
Phone
4079890510
Tax Period
2025-01-01 to 2025-12-31

NAAS WELFARE FOUNDATION INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2025. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $524K, a strong 46% operating margin.

Mission

our mission is to empower individuals to rise out of poverty through relief and development.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,125,869
Program Service Revenue $0
Investment Income $15,609
Other Revenue $0
TOTAL REVENUE $1,141,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $617,493
Other Expenses $617,493
TOTAL EXPENSES $617,493

Year-over-Year Comparison

2025 2024 Change
Revenue $1,141,478 $470,582 +1.4%
Expenses $617,493 $309,225 +1.0%
Net Income $523,985 $161,357 +2.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
25

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HICHAM BELKASMI TRUSTEE 0.00
Director
$0 $0 $0
UMAR QASMI TRUSTEE 0.00
Director
$0 $0 $0
TAYYAB QASMI PRESIDENT 0.00
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 $1,141,478 $617,493 $1,029,569 $523,985
2024 $470,582 $309,225 $506,372 $161,357
2023 $724,702 $701,355 $345,257 $23,347
2022 $734,618 $571,509 $329,182 $163,109
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