IQRA ACADEMY OF THE TWIN CITIES

EIN: 814384306 501(c)(3) Youth Development

Minneapolis, MN

Total Revenue
$239,669
Total Expenses
$233,944
Total Assets
$78,658
Net Assets
$81,593
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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
2016
Legal Domicile
MN
Phone
6122454239
Tax Period
2024-01-01 to 2024-12-31

IQRA ACADEMY OF THE TWIN CITIES, founded in 2016, is a small nonprofit in the Youth Development sector that reported $240K in total revenue in fiscal year 2024.

Mission

IQRA ACADEMY is a nonprofit cultural and educational institute that has been formed exclusively for basic Islamic education. The center plays vital role in the lives of Muslim children in South Minneapolis, Minnesota.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $239,561
Investment Income $108
Other Revenue $0
TOTAL REVENUE $239,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,884
Fundraising Expenses $0
Program Expenses $192,596
Other Expenses $177,060
TOTAL EXPENSES $233,944

Year-over-Year Comparison

2024 2023 Change
Revenue $239,669 $245,663 0.0%
Expenses $233,944 $204,837 +0.1%
Net Income $5,725 $40,826 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
2
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOHAMED GALAL Board Member 1.00
Officer
$0 $0 $0
MOHAMED AHMED Board Member 1.00
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 $239,669 $233,944 $78,658 $5,725
2023 $245,663 $204,837 $88,283 $40,826
2022 $421,939 $332,486 No data $89,453
2021 $69,882 $68,179 No data $1,703
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