MERRIMACK VALLEY ISLAMIC ACADEMY IN THE ISLAMIC ACADEMY (EIN 043549933) - 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

2001

Legal Domicile

Principal Officer

RASHID KHAN

Phone

9789757335

Tax Period

2022-07-01 to 2023-06-30

MERRIMACK VALLEY ISLAMIC ACADEMY IN THE ISLAMIC ACADEMY, founded in 2001, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE AIM OF THE ISLAMIC ACADEMY IS TO GIVE OUR CHILDREN AN ISLAMIC IDENTITY AND A HIGH QUALITY EDUCATION. THIS INCLUDES STATE-OF-THE-ART TRAINING IN PHYSICAL AND SOCIAL SCIENCES, AND AT THE SAME TIME INCULCATION OF THE VALUES, WHICH MAKE INDIVIDUALS GOOD HUMAN BEINGS AND USEFUL MEMBERS OF SOCIETY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $194,898

Program Service Revenue $1,133,557

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,328,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $895,046

Fundraising Expenses $41,930

Program Expenses $1,095,259

Other Expenses $454,551

TOTAL EXPENSES $1,349,597

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,328,455	$1,060,128	+0.3%
Expenses	$1,349,597	$1,128,678	+0.2%
Net Income	$-21,142	$-68,550	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RASHID KHAN	PRESIDENT	2.00	Director	$0	$0	$0
ALAA ABOU MAHMOUD	CLERK	2.00	Director	$0	$0	$0
OMAR RAFIK	SECRETARY	2.00	Director	$0	$0	$0
ABUBAKKAR SIDDIQ	DIRECTOR	2.00	Director	$0	$0	$0
NADJETTE LAZZOUNI	PRINCIPAL	40.00	Officer	$0	$0	$0
ZAHEER SHAIK	TREASURER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,328,455	$1,349,597	$510,917	$-21,142
2022	$1,060,128	$1,128,678	$466,626	$-68,550
2021	$689,722	$842,924	$475,105	$-153,202
2020	$1,396,794	$1,125,556	$463,356	$271,238
2019	$1,220,945	$1,321,919	$199,199	$-100,974
2018	$1,214,698	$1,172,871	$271,545	$41,827

MERRIMACK VALLEY ISLAMIC ACADEMY IN THE ISLAMIC ACADEMY