Mufid Academic Seminary

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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

Principal Officer

RASOUL NAGHAVI NIA

Phone

7032599885

Tax Period

2023-07-01 to 2024-06-30

Mufid Academic Seminary is a small nonprofit in the Religion sector that reported $364K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $320K left a modest 12% surplus.

Mission

TO EDUCATE MORALLY COMMITTED PROFESSIONALS WHO ARE ROOTED IN THE ISLAMIC SCHOLARLY TRADITION OF THE EAST AND THE WEST AND CONSCIOUS OF THE DIVERSITY OF THEIR MODERN SOCIETIES TO BECOME PROFESSORS AND SPIRITUAL LEADERS.

Program Service Accomplishments

Program 1

Expenses: $265,821 Revenue: $12,642

SCHOLARSHIP PROGRAM. THE ORGANIZATION PROVIDES SCHOLARSHIPS AND TUITION ASSISTANCE TO QUALIFIED INDIVIDUALS IN THE FIELDS OF ISLAMIC STUDIES. DURING FISCAL YEAR 6/30/2024 THE ORGANIZATION PROVIED...

SCHOLARSHIP PROGRAM. THE ORGANIZATION PROVIDES SCHOLARSHIPS AND TUITION ASSISTANCE TO QUALIFIED INDIVIDUALS IN THE FIELDS OF ISLAMIC STUDIES. DURING FISCAL YEAR 6/30/2024 THE ORGANIZATION PROVIED IN-HOUSE EDUCATION TO SIXTEEN INDIVIDUALS.

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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 $326,597

Program Service Revenue $12,642

Investment Income $0

Other Revenue $24,769

TOTAL REVENUE $364,008

Expense Breakdown

Grants Paid $67,360

Salaries & Benefits $183,460

Fundraising Expenses $10,833

Program Expenses $265,821

Other Expenses $68,981

TOTAL EXPENSES $319,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,008	$191,784	+0.9%
Expenses	$319,801	$291,507	+0.1%
Net Income	$44,207	$-99,723	-1.4%

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

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

$69,798

Total Directors