IQRA ACADEMY OF VIRGINIA

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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

2004

Legal Domicile

Principal Officer

SAMIRA SURANI

Phone

8043304888

Tax Period

2024-08-01 to 2025-07-31

IQRA ACADEMY OF VIRGINIA, founded in 2004, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO NBSP;PROVIDE NBSP;EDUCATION NBSP;CONSISTENT NBSP;WITHIN NBSP;ISLAMIC NBSP;TRADITION

Program Service Accomplishments

Program 1

Expenses: $1,050,629 Revenue: $1,004,330

EDUCATION CURRICULUM DELIVERY UNIFORMS AND MEALS

Program 2

Expenses: $50,891 Revenue: $42,905

STUDENT TRANSPORTATION/BUSING

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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 $90,725

Program Service Revenue $1,047,235

Investment Income $57,431

Other Revenue $8,563

TOTAL REVENUE $1,203,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $931,648

Fundraising Expenses $0

Program Expenses $1,101,520

Other Expenses $386,512

TOTAL EXPENSES $1,318,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,203,954	$1,360,651	-0.1%
Expenses	$1,318,160	$1,144,486	+0.2%
Net Income	$-114,206	$216,165	-1.5%

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
ANITA ELCOCK	CHAIRPERSON	004.00	Officer Director	$0	$0	$0
TAREK ELGANAINY	VICE CHAIRPERSON	003.00	Officer Director	$0	$0	$0
AMIR SAEED	FUNDRAISING COMMUNITY RELATIONS	003.00	Officer Director	$0	$0	$0
SAIMA SALEEM	SECRETARY	003.00	Officer Director	$0	$0	$0
SAMIRA SURANI	TREASURER	002.00	Director	$0	$0	$0
ANNETTE KHAN	CURRICULUM AND ACCREDITATION	002.00	Director	$0	$0	$0
NAUMAN CHAUDHRY	STRATEGIC PLANNING	002.00	Director	$0	$0	$0
JAMIEL ADEYOLA	BUILDING MANAGEMENT	002.00	Director	$0	$0	$0
JAFAR BARAKA	EDUCATION AND ACCREDITATION	002.00		$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	$1,203,954	$1,318,160	$1,250,516	$-114,206
2024	No data	No data	No data	No data
2023	$1,163,024	$1,078,669	$1,133,780	$84,355
2022	$1,199,112	$947,222	$1,005,725	$251,890
2021	$1,233,668	$762,804	$750,623	$470,864
2020	$1,033,423	$931,372	$435,042	$102,051
2019	$1,059,598	$1,021,798	$263,017	$37,800
2017	$798,506	$854,752	$991,703	$-56,246