ISLAMIC SOCIETY OF MIDWEST INC

EIN: 205837494 501(c)(3) Religion

Mount Prospect, IL

Total Revenue
$325,677
Total Expenses
$333,850
Total Assets
$64,511
Net Assets
$64,511
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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
2006
Legal Domicile
IL
Principal Officer
Hakkan Bahadir
Phone
8476407272
Tax Period
2024-01-01 to 2024-12-31

ISLAMIC SOCIETY OF MIDWEST INC, founded in 2006, is a small nonprofit in the Religion sector that reported $326K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

The advancement of Religion and the elimination of prejudice and discrimination based on religious beliefs

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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 (2024)

Revenue Breakdown

Contributions & Grants $325,677
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $325,677

Expense Breakdown

Grants Paid $141,955
Salaries & Benefits $78,226
Fundraising Expenses $0
Program Expenses $331,357
Other Expenses $113,669
TOTAL EXPENSES $333,850

Year-over-Year Comparison

2024 2023 Change
Revenue $325,677 $223,651 +0.5%
Expenses $333,850 $193,241 +0.7%
Net Income $-8,173 $30,410 -1.3%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
20

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bekmurat Amirakul President/Member 2.00
Officer Director
$0 $0 $0
Mehmet Azmaz Secretary/Member 2.00
Officer Director
$0 $0 $0
Hakkan Bahadir Treasurer/Member 2.00
Officer Director
$0 $0 $0
Ayse Uysaler Member 2.00
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 $325,677 $333,850 $64,511 $-8,173
2023 $223,651 $193,241 $72,635 $30,410
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