NOVA ELM ACADEMY INC

EIN: 842302481 501(c)(3)

STERLING, VA

Total Revenue
$239,327
Total Expenses
$148,931
Total Assets
$315,455
Net Assets
$315,455
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Tax Period
2022-01-01 to 2022-12-31

NOVA ELM ACADEMY INC, founded in 2019, is a small nonprofit that reported $203K in total revenue in fiscal year 2019. The organization ran a surplus of $161K, a strong 79% operating margin.

Mission

NOVA ELM ACADEMY NEA IS AN EARLY CHILDHOOD 10TH GRADE ISLAMIC ACADEMY

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $90,000
Program Service Revenue $149,327
Investment Income $0
Other Revenue $0
TOTAL REVENUE $239,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,224
Fundraising Expenses $0
Program Expenses $147,643
Other Expenses $33,707
TOTAL EXPENSES $148,931

Year-over-Year Comparison

2022 2021 Change
Revenue $239,327 $175,174 +0.4%
Expenses $148,931 $127,173 +0.2%
Net Income $90,396 $48,001 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EBADULLAH EBAD SECRETARY TREASURY BOARD ME 0.00
Officer
$0 $0 $0
ABUOBIDA A KARAR OFFICER BOARD MEMBER 0.00
Officer
$0 $0 $0
WASEEM NADIR OFFICER BOARD MEMBER 0.00
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
2022 $239,327 $148,931 $315,455 $90,396
2021 $175,174 $127,173 $225,059 $48,001
2020 $212,868 $196,673 $177,058 $16,195
2019 $202,863 $42,000 No data $160,863
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