NOVA ELM ACADEMY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

NOVA ELM ACADEMY INC, founded in 2019, is a small nonprofit that reported $239K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 38% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $147,643 Revenue: $149,327

NOVA ELM ACADEMY NEA IS AN EARLY CHILDHOOD THROUGH 10TH GRADE ISLAMIC ACADEMY. THE GOAL IS TO PROVIDE A SUCCESSFUL EDUCATION SO THEY CAN EMPOWERING THE YOUTH TO BECOME A SOCIAL ASSET FOR SOCIETY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EBADULLAH EBAD	SECRETARY TREASURY BOARD ME	Officer	$0	$0	$0
ABUOBIDA A KARAR	OFFICER BOARD MEMBER	Officer	$0	$0	$0
WASEEM NADIR	OFFICER BOARD MEMBER	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