ISLAMIC FOUNDATION OF SOUTH FLORID… - 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

1989

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ISLAMIC FOUNDATION OF SOUTH FLORIDA INC, founded in 1989, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $995K, a strong 31% operating margin.

Mission

CHILDREN ARE RECEIVING EDUCATION ON THE RELIGION OF ISLAM, ITS PRAYERS, ANDBASIC PRINCIPLES. TEACHERS, PARENTS, TAPES, AND CAMPS ARE BEING USED TOACHIEVE THESE OBJECTIVES

Program Service Accomplishments

Program 1

Expenses: $1,902,110 Revenue: $1,649,708

PART TIME AND FULL TIME SCHOOL

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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 $474,692

Program Service Revenue $2,718,065

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,192,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,021,541

Fundraising Expenses $10,753

Program Expenses $1,902,110

Other Expenses $1,175,746

TOTAL EXPENSES $2,197,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,192,757	$3,271,406	0.0%
Expenses	$2,197,287	$2,034,291	+0.1%
Net Income	$995,470	$1,237,115	-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

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
ZAHID QURESHI	PRESIDENT	15.00	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	No data	No data	No data	No data
2023	$3,192,757	$2,197,287	$7,746,524	$995,470
2022	$3,271,406	$2,034,291	$6,968,479	$1,237,115
2022	$3,271,406	$2,034,291	$6,968,479	$1,237,115
2021	$3,093,080	$1,811,109	$6,859,464	$1,281,971
2020	$2,878,168	$2,051,527	$6,755,675	$826,641
2018	$2,082,028	$1,948,198	$7,032,999	$133,830

ISLAMIC FOUNDATION OF SOUTH FLORIDA INC