Mufid Academic Seminary (EIN 842025131) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 $389K in total revenue in fiscal year 2021. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 28% operating margin.

Mission

CONTRIBUTE SCHOLARS TO WESTERN ACADEMIA AND SPRITUAL LEADERS TO SERVE U.S. MUSLIM COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

$69,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rasoul Naghavi Nia	President	20.0	Officer Director	$64,999	$4,799	$69,798
Soloman Hassan	Vice President	4.0	Officer Director	$0	$0	$0
Cyrus Ali Zargar	Secretary	4.0	Officer Director	$0	$0	$0
Mohammad B Naghavi	Board Member	4.0	Director	$0	$0	$0
Syed Mohammad Rizvi	Board Member	4.0	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	$364,008	$319,801	$51,087	$44,207
2023	$191,784	$291,507	$10,839	$-99,723
2022	$389,071	$281,228	$105,704	$107,843

Mufid Academic Seminary