IQRA ACADEMY OF VIRGINIA (EIN 562525403) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

AMIR SAEED

Phone

8043304888

Tax Period

2022-08-01 to 2023-07-31

IQRA ACADEMY OF VIRGINIA, founded in 2004, is a small nonprofit in the Education sector that reported $799K in total revenue in fiscal year 2016. Revenue surged 299% from the prior year, signaling strong growth momentum.

Mission

PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $130,407

Program Service Revenue $785,797

Investment Income $105,316

Other Revenue $141,504

TOTAL REVENUE $1,163,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,747

Fundraising Expenses $0

Program Expenses $897,581

Other Expenses $375,922

TOTAL EXPENSES $1,078,669

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,163,024	$1,199,112	0.0%
Expenses	$1,078,669	$947,222	+0.1%
Net Income	$84,355	$251,890	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
TAREK ELGANAINY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SAIMA SALEEM	SECRETARY	2.00	Officer Director	$0	$0	$0
SAMIRA SURANI	TREASURER	2.00	Officer Director	$0	$0	$0
DR NAUMAN CHAUDHARY	DIRECTOR	2.00	Director	$0	$0	$0
JAMIEL ADEYOLA	DIRECTOR	2.00	Director	$0	$0	$0
AMIR SAEED	DIRECTOR	2.00	Director	$0	$0	$0
ANNETTE KHAN	DIRECTOR	2.00	Director	$0	$0	$0
N/A	CURRICULUM DIRECTOR	2.00	Director	$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
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

IQRA ACADEMY OF VIRGINIA