SURAD ACADEMY (EIN 872071145) - 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

Principal Officer

NAJAX SICIID

Phone

5083291223

Tax Period

2024-07-01 to 2025-06-30

SURAD ACADEMY, founded in 2021, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

OPERATE A CHARTER SCHOOL IN FARIBAULT, MINNESOTA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,550,362

Program Service Revenue $0

Investment Income $261

Other Revenue $90,063

TOTAL REVENUE $1,640,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,805

Fundraising Expenses $0

Program Expenses $1,298,927

Other Expenses $800,398

TOTAL EXPENSES $1,628,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,640,686	$1,149,812	+0.4%
Expenses	$1,628,203	$1,272,872	+0.3%
Net Income	$12,483	$-123,060	-1.1%

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

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

$69,685

Total Directors

$20,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL WENDT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DR ABDIRAHMAN MADAR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FAYSEL AHMED	MEMBER	1.00	Director	$0	$0	$0
SAID MOHAMED	MEMBER	1.00	Director	$0	$0	$0
ASMA MOHAMOUD	MEMBER/TEACHER	41.00	Director	$17,297	$3,094	$20,391
NAJAX SICIID	EXECUTIVE DIRECTOR	40.00	Officer	$59,372	$10,313	$69,685

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
2025	$1,640,686	$1,628,203	$1,308,529	$12,483
2024	$1,149,812	$1,272,872	$1,053,977	$-123,060
2023	$250,300	$102,412	$147,888	$147,888

SURAD ACADEMY