THE FARIS FOUNDATION (EIN 833109684) - 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

2019

Legal Domicile

Principal Officer

ASHA VIRANI

Phone

2816884569

Tax Period

2024-01-01 to 2024-12-31

THE FARIS FOUNDATION, founded in 2019, is a community nonprofit in the Diseases & Disorders sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $389K, a strong 22% operating margin.

Mission

CARE PACKAGES - PROVIDING CURATED CARE PACKAGES NATIONWIDE TO CHILDREN WITH CANCER.

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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 $1,827,760

Program Service Revenue $0

Investment Income $77,058

Other Revenue $-103,936

TOTAL REVENUE $1,800,882

Expense Breakdown

Grants Paid $916,667

Salaries & Benefits $257,297

Fundraising Expenses $0

Program Expenses $1,354,988

Other Expenses $237,473

TOTAL EXPENSES $1,411,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,800,882	$1,578,814	+0.1%
Expenses	$1,411,437	$1,265,575	+0.1%
Net Income	$389,445	$313,239	+0.2%

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

199

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
ASHA JAMAL VIRANI	PRESIDENT	40.00	Officer Director	$0	$0	$0
FARID VIRANI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTA BABINE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BLANEY	DIRECTOR	1.00	Director	$0	$0	$0
NAUSHAD KERMALLY	DIRECTOR	1.00	Director	$0	$0	$0
BONNA KOL	DIRECTOR	1.00	Director	$0	$0	$0
LORI VETTERS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE BIGGS	TREASURER	2.00	Officer Director	$0	$0	$0
ZAHRA DOSSA	SECRETARY	1.00	Officer Director	$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	$1,800,882	$1,411,437	$5,749,984	$389,445
2024	$1,800,882	$1,411,437	$5,749,984	$389,445
2023	$1,578,814	$1,265,575	$4,782,664	$313,239
2023	$1,578,814	$1,265,575	$4,782,664	$313,239
2022	$1,703,325	$1,251,812	$4,552,759	$451,513
2021	$1,439,177	$505,708	$3,963,783	$933,469
2020	$2,344,708	$337,239	$3,055,314	$2,007,469
2019	$1,142,384	$119,539	$1,022,845	$1,022,845

THE FARIS FOUNDATION