Omar Welfare Association

EIN: 854388623 501(c)(3) Crime & Legal

Houston, TX

Total Revenue
$610,584
Total Expenses
$594,482
Total Assets
$77,802
Net Assets
$24,170
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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
2020
Legal Domicile
TX
Phone
2812298883
Tax Period
2024-01-01 to 2024-12-31

Omar Welfare Association, founded in 2020, is a small nonprofit in the Crime & Legal sector that reported $611K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

Omar Welfare Association (OWA) mission is to empower low income families have access to affordable legal representaion.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $610,584
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $610,584

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,884
Fundraising Expenses $0
Program Expenses $108,796
Other Expenses $453,598
TOTAL EXPENSES $594,482

Year-over-Year Comparison

2024 2023 Change
Revenue $610,584 $322,043 +0.9%
Expenses $594,482 $320,031 +0.9%
Net Income $16,102 $2,012 +7.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
10

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
2
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kiran Ahmed FounderCEO 40.00
Officer
$0 $0 $0
Farhat Raoufi Receptionist 0.00
Officer
$0 $0 $0
Hua Wang Legal Analyst 0.00
Key Emp
$0 $0 $0
Veronica Fadel Receptionist 0.00
$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 $610,584 $594,482 $77,802 $16,102
2023 $322,043 $320,031 $111,517 $2,012
2022 $266,284 $262,945 $48,135 $3,339
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