QIYAM FOUNDATION FOR COMMUNITY DEVE

EIN: 883564250 501(c)(3) Religion

Tacoma, WA

Total Revenue
$653,962
Total Expenses
$750,235
Total Assets
$10,848,326
Net Assets
$-96,273
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
Principal Officer
NASSER AL-DOBASHI
Tax Period
2023-01-01 to 2023-12-31

QIYAM FOUNDATION FOR COMMUNITY DEVE, founded in 2022, is a small nonprofit in the Religion sector that reported $654K in total revenue in fiscal year 2023. Expenses of $750K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Qiyam Foundation mission is to promote, accept, and maximize private support for progroms, initiatives and properties of the Qiyam Foundation, and prudently manager, invest and steward the assets entrusted to it by organizations, friends, and donors. Qiyam is a relegious org.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $653,962
Investment Income $0
Other Revenue $0
TOTAL REVENUE $653,962

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $750,235
Other Expenses $750,235
TOTAL EXPENSES $750,235

Year-over-Year Comparison

2023 2022 Change
Revenue $653,962 N/A N/A
Expenses $750,235 N/A N/A
Net Income $-96,273 N/A N/A
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
7
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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUSANE ALDOBASHI MEMBER 0.00
Director
$0 $0 $0
MOHAMED DOBASHI MEMBER 0.00
Director
$0 $0 $0
SADIK ALI MEMBER 0.00
Director
$0 $0 $0
MOHAMED AL-AGI MEMBER 0.00
Director
$0 $0 $0
AWAD EL-HASSAN VICE CHAIRMAN 0.00
Director
$0 $0 $0
ABDULHAKIM MOHAMED EXECUTIVE DIRECTOR 0.00
Director
$0 $0 $0
AHMED ALDOBASHI MEMBER 0.00
Director
$0 $0 $0
NASSER AL-DOBASHI CHAIRMAN 0.00
Officer Director
$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
2023 $653,962 $750,235 $10,848,326 $-96,273
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