QALAM SEMINARY INC (EIN 862960730) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

QALAM SEMINARY INC, founded in 2021, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $880K, a strong 49% operating margin.

Mission

THE QALAM SEMINARY STRIVES TO CREATE EDUCATED MUSLIMS AND COMMUNITY LEADERS BY MEANS OF RELIGIOUS EDUCATION, SPIRITUAL DEVELOPMENT, AND MENTORSHIP.

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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 $386,972

Program Service Revenue $1,392,898

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,779,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,580

Fundraising Expenses $0

Program Expenses $804,459

Other Expenses $320,288

TOTAL EXPENSES $899,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,779,870	$1,303,748	+0.4%
Expenses	$899,868	$808,076	+0.1%
Net Income	$880,002	$495,672	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IMRAN HAQ	SECRETARY	1.00	Officer Director	$0	$0	$0
TAUQEER ZAIDI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ABDUL NASIR JANGDA	PRESIDENT	1.00	Officer Director	$0	$0	$0
HUSSAIN KAMANI	DEAN	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$1,779,870	$899,868	$1,669,396	$880,002
2022	$1,303,748	$808,076	$1,926,867	$495,672

QALAM SEMINARY INC