NUR ACADEMY INC

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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

2015

Legal Domicile

Principal Officer

ZAFIR KHAN

Tax Period

2023-07-01 to 2024-06-30

NUR ACADEMY INC, founded in 2015, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $423K exceeded revenue, resulting in a 21% operating deficit.

Mission

Provide quality academic and Islamic education

Program Service Accomplishments

Program 1

Expenses: $422,707 Revenue: $348,777

The purpose of the academy is to provide academic education in an Islamic environment that prepares students to become strong, ethically and morally responsible leaders and members of the community...

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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 $121,212

Program Service Revenue $227,524

Investment Income $41

Other Revenue $0

TOTAL REVENUE $348,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,443

Fundraising Expenses $0

Program Expenses $422,707

Other Expenses $105,264

TOTAL EXPENSES $422,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$348,777	$299,751	+0.2%
Expenses	$422,707	$270,425	+0.6%
Net Income	$-73,930	$29,326	-3.5%

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

N/A

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
ASHFAQ FATMI	DIRECTOR	6.00	Director	$0	$0	$0
IBRAHIM ALNADI	VP	6.00	Officer	$0	$0	$0
ZAFIR KHAN	TREASURER	6.00	Officer	$0	$0	$0
AHMED ETYEM	SECRETARY	6.00	Officer	$0	$0	$0
ADRIS KHAN	PRESIDENT	6.00	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	$348,777	$422,707	$192,107	$-73,930
2023	$299,751	$270,425	$267,590	$29,326
2022	$281,818	$201,429	$184,671	$80,389
2021	$208,897	$182,184	$95,979	$26,713
2020	$209,426	$261,345	$56,900	$-51,919
2019	$259,627	$276,510	$55,447	$-16,883
2018	$245,827	$315,863	$67,632	$-70,036