IQRA ACADEMY OF UTAH (EIN 562678354) - 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

2000

Legal Domicile

Phone

8019646470

Tax Period

2024-01-01 to 2024-12-31

IQRA ACADEMY OF UTAH, founded in 2000, is a small nonprofit in the Education sector that reported $508K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 20% operating margin.

Mission

TO PROVIDE STUDENTS WITH AN EXCELLENT ACADEMIC AND QUALITY EDUCATION AND A FIRM FOUNDATION OF MORAL AND ETHICAL VALUES.TO DEVELOP IN EVERY STUDENT A POSITIVE AMERICAN -MUSLIM IDNTITY PREPARE TODAYS STUDENTS TO BA TOMMOROWS LEADERS.

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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 $31,020

Program Service Revenue $476,987

Investment Income $0

Other Revenue $0

TOTAL REVENUE $508,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,426

Fundraising Expenses $0

Program Expenses $406,501

Other Expenses $123,075

TOTAL EXPENSES $406,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,007	$348,004	+0.5%
Expenses	$406,501	$276,808	+0.5%
Net Income	$101,506	$71,196	+0.4%

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
SYED I NABI	CHAIRMAN	4.00	Director	$0	$0	$0
ASJAD KALEEM MOHAMMED	ACADEMIC DIRECTOR	5.00	Director	$0	$0	$0
GHULAM PATEL	PRESIDENT	4.00	Officer	$0	$0	$0
ABED ABOUHASSAN	TREASURER	5.00	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
2024	$508,007	$406,501	$768,186	$101,506
2023	$348,004	$276,808	$666,680	$71,196
2022	$222,202	$216,209	$677,513	$5,993
2021	$181,246	$156,088	$671,520	$25,158
2020	$192,681	$158,699	$646,362	$33,982
2019	$246,744	$223,019	$612,380	$23,725
2018	$217,306	$174,753	$587,120	$42,553

IQRA ACADEMY OF UTAH