INTERNATIONAL INSTITUTE OF ISLAMIC… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

DR HISHAM ALTALIB

Phone

7034711133

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT THE FAIRFAX INSTITUTE, founded in 1980, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $9.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

IIIT IS DEDICATED TO THE REVIVAL AND REFORM OF ISLAMIC THOUGHT AND ITS METHODOLOGY IN ORDER TO ENABLE THE UMMAH TO DEAL EFFECTIVELY WITH PRESENT CHALLENGES AND CONTRIBUTE TO THE PROGRESS OF HUMAN CIVILIZATION IN WAYS THAT WILL GIVE IT MEANING AND DIRECTION.

Program Service Accomplishments

Program 1

Expenses: $3,170,500

STRATEGIC OUTREACH AND ENGAGEMENT - IIIT PROVIDES SCHOLARSHIP AID TO STUDENTS WORLDWIDE AND CONTRIBUTES TO EXEMPT ORGANIZATIONS AND CHARITABLE CAUSES FOR THE PUBLICATION, TEACHING, SEMINARS AND...

STRATEGIC OUTREACH AND ENGAGEMENT - IIIT PROVIDES SCHOLARSHIP AID TO STUDENTS WORLDWIDE AND CONTRIBUTES TO EXEMPT ORGANIZATIONS AND CHARITABLE CAUSES FOR THE PUBLICATION, TEACHING, SEMINARS AND DISTRIBUTION OF SCHOLARLY BOOKS, JOURNALS AND FILMS.

Program 2

Expenses: $2,973,924

RESEARCH, TFI, ACADEMIC SUPPORT AND LIBRARY - IIIT CONDUCTS EDUCATIONAL RESEARCH, HOLDS SEMINARS, CONFERENCES, AND WORKSHOPS, AND FUNDS CLASSROOM INSTRUCTION ON TOPICS OF INTEREST FROM ISLAMIC...

RESEARCH, TFI, ACADEMIC SUPPORT AND LIBRARY - IIIT CONDUCTS EDUCATIONAL RESEARCH, HOLDS SEMINARS, CONFERENCES, AND WORKSHOPS, AND FUNDS CLASSROOM INSTRUCTION ON TOPICS OF INTEREST FROM ISLAMIC PERSPECTIVE.

Program 3

Expenses: $3,432,589

GLOBAL POLICY RESEARCH - THE POLICY RESEARCH PROGRAM RESEARCHES AND ISSUES PUBLICATIONS COVERING FOREIGN POLICY ISSUES RELATED TO VARIOUS COUNTRIES AND REGIONS, MOST NOTABLY THE MIDDLE EAST, ASIA AND EASTERN EUROPE. IN 2019, THE PROGRAM ALSO HELD PUBLIC AND PRIVATE ROUND-TABLE DISCUSSIONS, PANELS, PRESENTATIONS AND BOOK TALKS WITH KEY US AND INTERNATIONAL POLICY MAKERS, EXPERTS AND AUTHORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,928,813

Program Service Revenue $0

Investment Income $0

Other Revenue $27,105

TOTAL REVENUE $8,955,918

Expense Breakdown

Grants Paid $6,144,424

Salaries & Benefits $1,823,365

Fundraising Expenses $0

Program Expenses $9,577,013

Other Expenses $1,950,561

TOTAL EXPENSES $9,918,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,955,918	$16,355,779	-0.5%
Expenses	$9,918,350	$15,758,286	-0.4%
Net Income	$-962,432	$597,493	-2.6%

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
DR HISHAM ALTALIB	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
DR AHMED ALWANI	VICE PRESIDENT/DIRECTOR	20.00	Officer Director	$0	$0	$0
DR AHMAD TOTONJI	TRESURER/DIRECTOR	10.00	Officer Director	$0	$0	$0
DR OMAR HASAN KASULE	GENERAL SECRETARY/DIRECTOR	15.00	Officer Director	$0	$0	$0
DR ANAS AL-SHAIKH-ALI	DIRECTOR/ DIRECTOR OF PUBL	40.00	Director	$0	$0	$0
DR TAWFIC AWJI	DIRECTOR	8.00	Director	$0	$0	$0
HASAN ALTALIB	DIRECTOR	8.00	Director	$0	$0	$0
MOHAMMAD TOTONJI	DIRECTOR	8.00	Director	$0	$0	$0
BEDDY EBNOU	DIRECTOR	8.00	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
2023	$8,955,918	$9,918,350	$551,681	$-962,432
2022	$16,355,779	$15,758,286	$1,838,139	$597,493
2021	$10,094,733	$15,016,577	$897,003	$-4,921,844
2020	$13,730,769	$12,469,118	$5,579,404	$1,261,651
2019	$15,290,625	$13,154,437	$3,405,988	$2,136,188
2018	$9,283,550	$8,947,797	$1,125,320	$335,753

INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT THE FAIRFAX INSTITUTE