ISLAMIC SHIA ITHNA ASHERI JAMAAT OF ALBANY (EIN 141783334) - 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

IMDAD IMAM

Phone

5188691492

Tax Period

2024-01-01 to 2024-12-31

ISLAMIC SHIA ITHNA ASHERI JAMAAT OF ALBANY, founded in 2001, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $924K, a strong 71% operating margin.

Mission

TO PROVIDE ISLAMIC EDUCATIONAL, RELIGIOUS AND CULTURAL SERVICES

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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 $1,179,966

Program Service Revenue $0

Investment Income $124,196

Other Revenue $0

TOTAL REVENUE $1,304,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,411

Fundraising Expenses $0

Program Expenses $186,963

Other Expenses $157,117

TOTAL EXPENSES $380,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,304,162	$992,048	+0.3%
Expenses	$380,624	$381,980	0.0%
Net Income	$923,538	$610,068	+0.5%

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
DR IMDAD IMAM	PRESIDENT	10.00	Officer	$0	$0	$0
IMRAN ALI	TREASURER	5.00	Officer	$0	$0	$0
HAIDER KHWAJA	SECRETARY	5.00	Officer	$0	$0	$0
TURAB JAFRI	OFFICER	5.00	Director	$0	$0	$0
SYED HUSSNAIN	OFFICER	5.00	Director	$0	$0	$0
JARRAR HUSSAIN	OFFICER	5.00	Director	$0	$0	$0
HINA JAFRI	OFFICER	5.00	Director	$0	$0	$0
MALIKA HAIDER	OFFICER	5.00	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
2024	$1,304,162	$380,624	$4,688,525	$923,538
2023	$992,048	$381,980	$3,371,874	$610,068
2022	$680,875	$323,226	$2,725,072	$357,649
2021	$747,010	$197,406	$2,556,710	$549,604
2020	$420,779	$148,974	$1,891,376	$271,805
2019	$351,766	$342,790	$1,196,280	$8,976
2018	$297,253	$246,308	$1,212,446	$50,945

ISLAMIC SHIA ITHNA ASHERI JAMAAT OF ALBANY