ALMAGHRIB INSTITUTE INC

EIN: 270091991 501(c)(3) Religion

Houston, TX

Total Revenue
$3,845,691
Total Expenses
$3,519,334
Total Assets
$6,121,083
Net Assets
$6,004,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TX
Principal Officer
Sabina Seferagic
Phone
8882562447
Tax Period
2024-01-01 to 2024-12-31

ALMAGHRIB INSTITUTE INC, founded in 2004, is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 8% surplus.

Mission

Religious seminars and events

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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 $1,315,198
Program Service Revenue $2,479,498
Investment Income $50,995
Other Revenue $0
TOTAL REVENUE $3,845,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,113
Fundraising Expenses $60,466
Program Expenses $3,344,815
Other Expenses $3,312,221
TOTAL EXPENSES $3,519,334

Year-over-Year Comparison

2024 2023 Change
Revenue $3,845,691 $2,959,388 +0.3%
Expenses $3,519,334 $2,697,890 +0.3%
Net Income $326,357 $261,498 +0.2%
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
5
Independent Members
2
Employees
2
Volunteers
80

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
3
$188,813
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam A Ammar Creative Director 40
Director
$98,781 $0 $98,781
Sabina Seferagic CFO 40
Director
$90,032 $0 $90,032
Waleed Basyouni Vice President 40
Officer Director
$0 $0 $0
Sameera Suhrid Thakore Board Member 10
Officer
$0 $0 $0
Salman Ghani Board Member 5
Officer
$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 $3,845,691 $3,519,334 $6,121,083 $326,357
2023 $2,959,388 $2,697,890 $5,604,790 $261,498
2022 $3,216,305 $2,286,225 $4,822,940 $930,080
2021 $2,574,287 $1,787,220 $4,469,038 $787,067
2020 $2,580,651 $1,664,635 $3,365,813 $916,016
2019 $1,501,319 $1,569,749 $2,122,769 $-68,430
2018 $1,948,759 $1,898,107 $1,883,020 $50,652
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