ILM ACADEMY INC (EIN 800200534) - 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

2008

Legal Domicile

Phone

6786241157

Tax Period

2023-08-01 to 2024-07-31

ILM ACADEMY INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $712K, a strong 17% operating margin.

Mission

ILM ACADEMYS MISSION IS TO PROVIDE RELIGIOUS BASED EDUCATIONAL SERVICES TO CHILDREN IN THE METROPOLITAN ATANTA GEORGIA AREA. ILM PROVIDES SERVICES FOR CHILDREN PRE-KINDERGARTEN THROUGH EIGHTH GRADE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,140,959

Program Service Revenue $2,966,153

Investment Income $0

Other Revenue $3,235

TOTAL REVENUE $4,110,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,198,880

Fundraising Expenses $6,125

Program Expenses $2,968,963

Other Expenses $1,199,955

TOTAL EXPENSES $3,398,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,110,347	$2,594,451	+0.6%
Expenses	$3,398,835	$2,055,805	+0.7%
Net Income	$711,512	$538,646	+0.3%

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
IMRAN BALKHI	GOVERNING BOARD - CHAIRMAN	2.00	Officer	$0	$0	$0
SAMEER SHAIKH	BOARD MEMBER	2.00	Director	$0	$0	$0
DR OMAR ALRAWI	TREASURER	2.00	Officer	$0	$0	$0
MIR AHMED	BOARD MEMBER	2.00	Director	$0	$0	$0
LAEEQ SIDDIQUE	SECRETARY	2.00	Officer	$0	$0	$0
SIRAJ GHAFFAR	BOARD MEMBER	2.00	Director	$0	$0	$0
AMIL HAQUE	BOARD MEMBER	2.00	Director	$0	$0	$0
ALI RIZVI	TRUSTEE - CHAIRMAN	2.00	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	$4,110,347	$3,398,835	$3,573,712	$711,512
2023	$2,594,451	$2,403,052	$3,242,530	$191,399
2022	$2,483,503	$2,055,805	$2,444,479	$427,698
2021	$1,473,806	$1,619,530	$2,125,600	$-145,724
2019	$2,120,775	$1,958,160	$2,095,430	$162,615
2018	$1,516,735	$1,654,176	$2,503,852	$-137,441

ILM ACADEMY INC