Garden State Islamic Center (EIN 201010075) - 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

2004

Legal Domicile

Principal Officer

Hassan Salah

Phone

2152669377

Tax Period

2024-01-01 to 2024-12-31

Garden State Islamic Center, founded in 2004, is a small nonprofit in the Religion sector that reported $177K in total revenue in fiscal year 2024. Expenses of $238K exceeded revenue, resulting in a 34% operating deficit.

Mission

Quality Islamic Education

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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 $177,061

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $177,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,793

Fundraising Expenses $0

Program Expenses $148,579

Other Expenses $213,268

TOTAL EXPENSES $238,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,061	$164,252	+0.1%
Expenses	$238,061	$243,407	0.0%
Net Income	$-61,000	$-79,155	-0.2%

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
Wasique Narvel	Chairman	010.00	Officer Director	$0	$0	$0
Hassan Salah	Vice Chairman	010.00	Officer Director	$0	$0	$0
Abdul-Azeem Ahmad	Seretary / Treasurer	010.00	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
2024	$177,061	$238,061	$3,160,473	$-61,000
2023	$164,252	$243,407	$3,221,473	$-79,155
2022	$129,447	$161,870	$3,300,659	$-32,423
2021	$254,112	$170,256	$3,333,082	$83,856
2020	$83,211	$112,956	$3,226,007	$-29,745
2019	$77,874	$111,978	$2,905,752	$-34,104
2018	$86,499	$109,373	$2,939,856	$-22,874

Garden State Islamic Center