ISLAMIC SCHOOL OF RHODE ISLAND INC (EIN 050572455) - 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

2003

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

ISLAMIC SCHOOL OF RHODE ISLAND INC, founded in 2003, is a small nonprofit in the Education sector that reported $996K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATION TO STUDENTS FROM PRE-K TO GRADE 8

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,121,790

Program Service Revenue $336

Investment Income $646

Other Revenue $-127,236

TOTAL REVENUE $995,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,902

Fundraising Expenses $10,296

Program Expenses $840,237

Other Expenses $292,276

TOTAL EXPENSES $1,005,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,536	$858,091	+0.2%
Expenses	$1,005,178	$707,703	+0.4%
Net Income	$-9,642	$150,388	-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

N/A

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
AMJAD KINJAWI	DIRECTOR	1.25	Director	$0	$0	$0
TAREK BARAKAD	DIRECTOR	1.25	Director	$0	$0	$0
BASIMA SHEHADAH	SECRETARY	1.25	Officer Director	$0	$0	$0
MUNAWAR GHUMMAN	PRESIDENT	1.25	Officer Director	$0	$0	$0
SHAHZAD YAQOOB	TREASURERVP	1.25	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
2025	No data	No data	No data	No data
2024	$995,536	$1,005,178	$1,285,553	$-9,642
2023	$858,091	$707,703	$1,220,214	$150,388
2022	$780,104	$804,184	$987,407	$-24,080
2021	$616,125	$759,725	$935,530	$-143,600
2020	$670,927	$777,551	$978,845	$-106,624
2019	$735,023	$696,113	$956,003	$38,910

ISLAMIC SCHOOL OF RHODE ISLAND INC