Islamic American Society of Connecticut INC (EIN 261161174) - 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

2007

Legal Domicile

Principal Officer

MAGDY GALAL

Phone

2035977676

Tax Period

2025-01-01 to 2025-12-31

Islamic American Society of Connecticut INC, founded in 2007, is a small nonprofit that reported $247K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $235K left a modest 5% surplus.

Mission

PROVIDED PRAYER SERVICES TO COMMUNITY MEMBERS. PROVIDED RECREATIONAL AND SPORTS ACTIVITIES. PROVIDED YOUTH PROGRAMS

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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 (2025)

Revenue Breakdown

Contributions & Grants $247,074

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $247,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,740

Fundraising Expenses $0

Program Expenses $234,610

Other Expenses $165,870

TOTAL EXPENSES $234,610

Year-over-Year Comparison

	2025	2024	Change
Revenue	$247,074	$289,899	-0.1%
Expenses	$234,610	$226,546	+0.0%
Net Income	$12,464	$63,353	-0.8%

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

N/A

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
NAVEED KHAN	TRUSTEE	15.00	Director	$0	$0	$0
SULTAN ALI	TRUSTEE	5.00	Director	$0	$0	$0
MAGDY GALAL	BOT CHAIRMAN	15.00	Officer Director	$0	$0	$0
MALICK DIOP	EXECUTIVE COUNCIL	20.00	Officer	$0	$0	$0
YOUSEF UDDIN MD	EXECUTIVE COUNCIL	20.00	Officer	$0	$0	$0
ARTIM SELMANI	EXECUTIVE COUNCIL	20.00	Officer	$0	$0	$0
FARRUKH FARID	DUAL ROLE	5.00	Officer Director	$0	$0	$0
MOHAMED NDIAYE	DUAL ROLE	5.00	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	$247,074	$234,610	$4,717,280	$12,464
2024	$289,899	$226,546	$4,704,816	$63,353
2023	$301,645	$229,916	$4,641,461	$71,729
2022	$304,495	$200,578	$4,569,733	$103,917
2021	$235,867	$138,514	$4,465,816	$97,353
2020	$195,930	$195,428	$4,368,463	$502
2019	$239,846	$320,819	$4,369,162	$-80,973
2018	$359,742	$365,958	$4,450,135	$-6,216

Islamic American Society of Connecticut INC