BROOKLYN ISLAMIC 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

2002

Legal Domicile

Phone

9173554538

Tax Period

2024-01-01 to 2024-12-31

BROOKLYN ISLAMIC CENTER INC, founded in 2002, is a small nonprofit in the Religion sector that reported $420K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $281K, a strong 67% operating margin.

Mission

PLACES OF WORSHIP FOR MUSLIM FAITH

Program Service Accomplishments

Program 1

DAILY PRAYER SERVICES, AVERAGE ATTENDENCE IS ABOUT 30 PEOPLE FRIDAY NOON PRAYER, AVERAGE ATTENDENCE 100 PEOPLE MONTHLY ISLAMIC DISCUSSION AND LECTURE, AVERAGE ATTENDENCE IS ABOUT 200

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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 $420,386

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $420,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,500

Fundraising Expenses $0

Other Expenses $69,229

TOTAL EXPENSES $139,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,386	$487,234	-0.1%
Expenses	$139,729	$161,246	-0.1%
Net Income	$280,657	$325,988	-0.1%

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

N/A

Independent Members

N/A

Employees

N/A

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
SAIFUL ALAM	PRESIDENT	10.00	Officer Director	$0	$0	$0
MD SIRAJUL ISLAM	SECRETARY	10.00	Officer Director	$0	$0	$0
FAKHRUL ISLAM	TREASURER	10.00	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	$420,386	$139,729	$5,320,198	$280,657
2023	$487,234	$161,246	$4,774,659	$325,988
2022	$556,347	$123,366	$1,482,151	$432,981
2022	$556,347	$123,366	$1,482,151	$432,981