ANALISIS KINERJA KEUANGAN LAZ SIDOGIRI 2021-2024 BERBASIS ISZM INTERNATIONAL

Abstract

This study aims to analyze the financial performance of LAZ Sidogiri during the 2021–2024 period by examining efficiency and capacity using the International Standard of Zakat Management (ISZM). A quantitative descriptive method was employed, utilizing financial reports of LAZ Sidogiri as the primary instrument, while data analysis was conducted through ratio calculations involving program expense ratios, operational expense ratios, fundraising efficiency, revenue growth, program expenditure growth, and working capital ratios. The results indicate that financial performance fluctuated across the period, with efficiency performing strongly in 2021, declining in 2022–2023 due to rising operational costs, and recovering in 2024 as program allocations increased and administrative expenses decreased. Capacity analysis shows negative revenue growth and unstable working capital in 2021-2022, a significant improvement in 2023 driven by digital fundraising expansion, and stable, balanced financial capacity in 2024. Overall, the findings highlight that LAZ Sidogiri experienced a positive upward trend, particularly in the last two years, supported by strengthened governance, improved digital systems, and enhanced transparency aligned with PSAK 109. The study concludes that although challenges remain such as fluctuating working capital and rising fundraising expenses LAZ Sidogiri demonstrates sustainable financial management and increasing institutional resilience.