ISLAMIC SOCIETY OF MIDWEST 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

2006

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $331,357 Revenue: $0

Masjid and Religious 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 $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

Governance

Voting Members

Independent Members

Employees

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
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