MERIDIAN QUBE FITNESS CENTER INC

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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

2022

Legal Domicile

Principal Officer

Nino Abboushi

Tax Period

2024-01-01 to 2024-12-31

MERIDIAN QUBE FITNESS CENTER INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $847K in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROMOTE ISLAMIC VALUES BY UPLIFTING AND INSPIRING THE SPIRITUAL, SOCIAL, HEALTH AND WELL-BEING OF OUR COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $788,061 Revenue: $435,941

PROVIDING A SPACE ACCESSIBLE BY MEMBERSHIP FOR THE COMMUNITY TO ADVANCE THEIR SPIRITUAL HEALTH AND WELL BEING.

Program 2

Expenses: $506,699 Revenue: $411,142

PROVIDING LEASED SPACE FOR COMMUNITY ORGANIZATIONS AND BUSINESS TO HOST EVENTS AND COURSES.

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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 $0

Program Service Revenue $847,083

Investment Income $0

Other Revenue $0

TOTAL REVENUE $847,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $471,768

Fundraising Expenses $0

Program Expenses $1,294,760

Other Expenses $825,452

TOTAL EXPENSES $1,297,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,083	N/A	N/A
Expenses	$1,297,220	N/A	N/A
Net Income	$-450,137	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

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
Sana Khan	VICE PRESIDENT	2.00	Officer	$0	$0	$0
Nino Abboushi	PRESIDENT	2.00	Officer	$0	$0	$0
Owaiz Dadabhoy	BOARD MEMBER	0.00	Officer	$0	$0	$0
Taher Dadabhoy	TREASURER	0.00	Officer	$0	$0	$0
Samer Soubra	BOARD MEMBER	0.00	Officer	$0	$0	$0
Azzra Bholat	SECRETARY	2.00	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
2024	$847,083	$1,297,220	$68,866	$-450,137
2023	$727,091	$999,364	$65,218	$-272,273