BOSNIAN AMERICAN ISLAMIC CULTURAL CENTER INC

EIN: 201800387 501(c)(3) Religion

Hartford, CT

Total Revenue
$835,021
Total Expenses
$456,718
Total Assets
$1,711,827
Net Assets
$1,711,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CT
Principal Officer
DAMIR HASANOVIC
Phone
8608692979
Tax Period
2025-01-01 to 2025-12-31

BOSNIAN AMERICAN ISLAMIC CULTURAL CENTER INC, founded in 2004, is a small nonprofit in the Religion sector that reported $835K in total revenue in fiscal year 2025. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $378K, a strong 45% operating margin.

Mission

RELIGIOUS WORSHIP SEVEN DAYS A WEEK, ON WEEKEND RELIGIOUS AND CULTURAL ACTIVITIES FOR ADULTS AND CHILDREN

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $835,021
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $835,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,452
Fundraising Expenses $0
Program Expenses $401,657
Other Expenses $377,266
TOTAL EXPENSES $456,718

Year-over-Year Comparison

2025 2024 Change
Revenue $835,021 $518,657 +0.6%
Expenses $456,718 $512,283 -0.1%
Net Income $378,303 $6,374 +58.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
N/A
Employees
2
Volunteers
12

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
7
$0
Total Directors
7
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fikret Korkutovic PRESIDENT 007.00
Officer Director
$0 $0 $0
Serif Delic Imam 040.00
Officer Director Key Emp Highest
$0 $0 $0
Damir Hasanovic Treasurer 007.00
Officer Director
$0 $0 $0
Sead Alihodzic Board Member 007.00
Officer Director
$0 $0 $0
Fadil Gobeljic Secretary 007.00
Officer Director
$0 $0 $0
Sanel Sejfic Board Member 007.00
Officer Director
$0 $0 $0
Hasan Avdic Vice President 007.00
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 $835,021 $456,718 $1,711,827 $378,303
2024 No data No data No data No data
2023 $581,860 $643,672 $1,327,150 $-61,812
2022 $455,379 $684,745 $1,121,030 $-229,366
2021 $339,130 $290,902 $1,350,396 $48,228
2020 $319,517 $373,441 $1,302,168 $-53,924
2019 $334,945 $345,219 $1,356,092 $-10,274
2018 $479,672 $401,407 $1,366,366 $78,265
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