THE FOUNDATION OF THE ISLAMIC CENTER OF GREATER TOLEDO INC (EIN 311549667) - 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

MRAZI RAFEEQ

Phone

4193490457

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION OF THE ISLAMIC CENTER OF GREATER TOLEDO INC, founded in 2007, is a small nonprofit in the Religion sector that reported $578K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $146K, a strong 25% operating margin.

Mission

OPERATE FOR THE ADVANCEMENT OF ISLAM AND ISLAMIC EDUCATION, THE PERPETUAL MAINTENANCE OF THE MOSQUE OF THE ISLAMIC CENTER OF GREATER TOLEDO AND ITS GROUNDS, AND FOR OTHER

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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 $466,678

Program Service Revenue $0

Investment Income $111,586

Other Revenue $0

TOTAL REVENUE $578,264

Expense Breakdown

Grants Paid $315,894

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $315,894

Other Expenses $116,688

TOTAL EXPENSES $432,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,264	$730,896	-0.2%
Expenses	$432,582	$424,001	+0.0%
Net Income	$145,682	$306,895	-0.5%

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
NADIA ASHRAF-MOGHAL	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMEEL BURKETT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SALEEM ZAFAR	SECRETARY	5.00	Officer Director	$0	$0	$0
M RAZI RAFEEQ	TRUSTEE	5.00	Director	$0	$0	$0
NAVEED AHMED	TRUSTEE	5.00	Director	$0	$0	$0
RITA MANSOUR	TRUSTEE	5.00	Director	$0	$0	$0
NASIR ALI	TRUSTEE	5.00	Director	$0	$0	$0
AGHA SHAHID	TRUSTEE	5.00	Director	$0	$0	$0
STEVEN ARISS	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$578,264	$432,582	$2,646,605	$145,682
2022	$730,896	$424,001	$2,441,650	$306,895
2021	$418,970	$194,413	$2,460,310	$224,557
2020	$311,987	$230,822	$2,072,761	$81,165
2019	$142,793	$103,534	$1,877,157	$39,259
2018	$173,937	$93,046	$1,645,082	$80,891

THE FOUNDATION OF THE ISLAMIC CENTER OF GREATER TOLEDO INC