THE FREE IRAQ FOUNDATION (EIN 521750875) - 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

1991

Legal Domicile

Principal Officer

BASMA FAKRI

Phone

2023474662

Tax Period

2022-10-01 to 2023-09-30

THE FREE IRAQ FOUNDATION, founded in 1991, is a small nonprofit that reported $235K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE IRAQ FOUNDATION WORKS FOR DEMOCRACY AND HUMAN RIGHTS IN IRAQ AND FOR IMPROVING THE LIVES OF IRAQIS. THE FOUNDATION WORKS LARGELY WITH IRAQI NGO'S AND COOPERATE WITH RELEVANT GOVERNMENT INSTITUTIONS. TO ACHIVE OUR GOALS WE UTILIZE A VARIETY OF TOOLS SUCH AS TRAINING WORKSHOPS, CONFERENCES, PUBLICATION AND RADIO AND TV PROGRAMS. WE AIM TO BE INCLUSIVE IN ALL REGIONS OF IRAQ.

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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 (2022)

Revenue Breakdown

Contributions & Grants $232,113

Program Service Revenue $0

Investment Income $0

Other Revenue $3,029

TOTAL REVENUE $235,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,785

Fundraising Expenses $0

Program Expenses $204,198

Other Expenses $179,850

TOTAL EXPENSES $341,635

Year-over-Year Comparison

	2022	2021	Change
Revenue	$235,142	$1,125,503	-0.8%
Expenses	$341,635	$1,021,879	-0.7%
Net Income	$-106,493	$103,624	-2.0%

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

$70,180

Total Directors

$4,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN DAKAK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REND AL'RAHIM-FRANCKE	PRESIDENT	5.00	Officer Director	$3,820	$189	$4,009
RAYA BARAZANJI	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMIR SHAKIR MAHMOOD SUMAIDA'IE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR AZZAM ALWASH	BOARD MEMBER	1.00	Director	$0	$0	$0
BASMA FAKRI	EXECUTIVE DIRECTOR	20.00	Officer	$59,508	$6,663	$66,171

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
2023	$235,142	$341,635	$161,655	$-106,493
2022	$1,125,503	$1,021,879	$488,259	$103,624
2021	$1,664,384	$1,596,613	$797,405	$67,771
2020	$1,220,860	$1,201,665	$671,607	$19,195
2019	$1,434,920	$1,450,550	$220,802	$-15,630
2018	$204,800	$288,601	$522,484	$-83,801

THE FREE IRAQ FOUNDATION