ISLAMIC FOUNDATION OF SOUTH FLORIDA INC

EIN: 350522362 501(c)(3)

SUNRISE, FL

Total Revenue
$3,192,757
Total Expenses
$2,197,287
Total Assets
$7,746,524
Net Assets
$7,746,524
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
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

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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 (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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Governance

Voting Members
5
Independent Members
5
Employees
36
Volunteers
50

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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