SCHOOL OF LEADERSHIP-AFGHANISTAN I… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

SHABANA BASIJ-RASIKH

Phone

6172130425

Tax Period

2024-07-01 to 2025-06-30

SCHOOL OF LEADERSHIP-AFGHANISTAN INC, founded in 2011, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $19.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE AFGHAN GIRLS A RIGOROUS EDUCATION THAT PROMOTES CRITICAL THINKING, A SENSE OF PURPOSE, AND RESPECT FOR SELF AND OTHERS.

Program Service Accomplishments

Program 1

Expenses: $15,801,712 Revenue: $0

SOLA RWANDA IS A BOARDING SCHOOL OF AFGHAN GIRLS IN GRADES PRE-6 THROUGH 10. FROM 2016 THROUGH 2021, WE OPERATED IN KABUL; SINCE 2021 AND THE TALIBAN'S RETURN, WE HAVE OPERATED IN RWANDA. WE OFFER...

SOLA RWANDA IS A BOARDING SCHOOL OF AFGHAN GIRLS IN GRADES PRE-6 THROUGH 10. FROM 2016 THROUGH 2021, WE OPERATED IN KABUL; SINCE 2021 AND THE TALIBAN'S RETURN, WE HAVE OPERATED IN RWANDA. WE OFFER OUR STUDENTS AN ENVIRONMENT WHERE THEY CAN FOCUS ON THEIR EDUCATION AND POTENTIAL IN A WAY THAT CANNOT BE FOUND ANYWHERE ELSE ON EARTH: A PLACE WHERE THEY'LL BE CHALLENGED BY A RIGOROUS CURRICULUM AND ENCOURAGED TO TAKE ON LEADERSHIP ROLES AT SCHOOL AND AMONG EACH OTHER.

Program 2

Expenses: $380,741 Revenue: $0

SOLAX IS SOLA INC.'S DIGITAL WHATSAPP-BASED PROGRAMMING. STUDENTS NEED ONLY A SMARTPHONE AND A BASIC CELLULAR CONNECTION TO TAKE PART AND ACCESS FREE, DAILY, ASYNCHRONOUS CLASSWORK IN THREE LANGUAGES (ENGLISH, DARI, AND PASHTO). WHILE OPEN TO ANY STUDENT ANYWHERE IN THE WORLD, SOLAX WAS SPECIFICALLY DESIGNED FOR AFGHAN LEARNERS IN GENERAL AND AFGHAN GIRLS IN PARTICULAR, AND IS A KEY COMPONENT OF SOLA'S RESPONSE TO THE TALIBAN'S EDUCATION BAN THAT FORBIDS GIRLS FROM ATTENDING SCHOOL BEYOND 6TH GRADE IN AFGHANISTAN.

Program 3

Expenses: $615,058 Revenue: $110,000

SCHOLARS ABROAD IS A PROGRAM DESIGNED TO GIVE ACCESS TO AFGHAN GIRLS TO CONTINUE THEIR STUDIES AT INTERNATIONAL SCHOOL ACROSS THE WORLD.

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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 $12,720,529

Program Service Revenue $110,000

Investment Income $3,770,946

Other Revenue $5,045

TOTAL REVENUE $16,606,520

Expense Breakdown

Grants Paid $15,907,464

Salaries & Benefits $1,549,794

Fundraising Expenses $978,296

Program Expenses $16,797,511

Other Expenses $1,677,995

TOTAL EXPENSES $19,135,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,606,520	$23,523,857	-0.3%
Expenses	$19,135,253	$7,272,478	+1.6%
Net Income	$-2,528,733	$16,251,379	-1.2%

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

$524,538

Total Directors

$402,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHABANA BASIJ-RASIKH	PRESIDENT & CO-FOUNDER	40.00	Officer Director	$369,799	$32,283	$402,082
ELIZABETH BERRY GIPS	CHAIR	5.00	Officer Director	$0	$0	$0
DEBORAH HAZELL	TREASURER	20.00	Officer Director	$0	$0	$0
KATHERINE FREED-JENNINGS	SECRETARY	5.00	Officer Director	$0	$0	$0
MATIULLAH AMIN	DIRECTOR	40.00	Director	$0	$0	$0
JAMES BULLION	DIRECTOR	2.00	Director	$0	$0	$0
ANA PINCUS	DIRECTOR	2.00	Director	$0	$0	$0
ZOLAYKHA SHERZAD	DIRECTOR	2.00	Director	$0	$0	$0
WENDY CUSHMAN	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
VICKI CRAVER	DIRECTOR	2.00	Director	$0	$0	$0
PETER QUIMBY	DIRECTOR	2.00	Director	$0	$0	$0
JANEL VERTZ	FINANCE DIRECTOR	40.00	Officer	$111,904	$10,552	$122,456
KEVIN JONES	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$113,239	$13,531	$126,770

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	$16,606,520	$19,135,253	$47,838,217	$-2,528,733
2024	No data	No data	No data	No data
2023	$2,395,484	$2,291,143	$26,462,368	$104,341
2023	$3,929,973	$2,567,297	$26,496,158	$1,362,676
2022	$7,228,068	$3,572,014	$20,931,427	$3,656,054
2022	$5,153,284	$3,504,363	$23,738,190	$1,648,921
2021	$9,621,061	$2,672,897	$18,498,696	$6,948,164
2020	$2,858,296	$1,924,215	$10,601,813	$934,081
2019	$4,413,588	$1,535,922	$8,353,885	$2,877,666
2018	$1,508,597	$1,392,519	$5,480,658	$116,078

SCHOOL OF LEADERSHIP-AFGHANISTAN INC