AMERICAN ISLAMIC COLLEGE (EIN 363171297) - 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

1981

Legal Domicile

Principal Officer

TIMOTHY GIANOTTI

Phone

7732814700

Tax Period

2024-07-01 to 2025-06-30

AMERICAN ISLAMIC COLLEGE, founded in 1981, is a small nonprofit that reported $421K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 421% operating deficit.

Mission

EDUCATE THE CHICAGO COMMUNITY IN PARTICULAR AND THE AMERICAN COMMUNITY IN GENERAL IN ARABIC AND ISLAMIC STUDIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $452,025

Program Service Revenue $55,624

Investment Income $0

Other Revenue $-86,310

TOTAL REVENUE $421,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,392,751

Fundraising Expenses $68,738

Program Expenses $1,374,868

Other Expenses $801,308

TOTAL EXPENSES $2,194,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,339	$4,734,805	-0.9%
Expenses	$2,194,059	$1,939,662	+0.1%
Net Income	$-1,772,720	$2,795,143	-1.6%

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

N/A

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
HE HISSEIN BRAHIM TAHA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
AHMED EL-HATTAB	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
DR AISHA EL-AMIN	TRUSTEE	2.00	Director	$0	$0	$0
DR FARID I MUHAMMAD	TRUSTEE	2.00	Officer Director	$0	$0	$0
DR MARCIA HERMANSEN	TRUSTEE	2.00	Director	$0	$0	$0
NASSER ABDALLAH H AL ZAABI	TRUSTEE	2.00	Director	$0	$0	$0
DR ABDULAZIZ ALSEBAIL	TRUSTEE	2.00	Director	$0	$0	$0
DR ABDULLAH YAVAS	TRUSTEE	2.00	Director	$0	$0	$0
SHAHID HUSAIN	TRUSTEE	2.00	Director	$0	$0	$0
DR SALEH AL-SUHAIBANI	TRUSTEE	2.00	Director	$0	$0	$0
MAYOR MARCUS MUHAMMAD	TRUSTEE	2.00	Director	$0	$0	$0
NADINE KARACHI-ESTRADA	TRUSTEE	2.00	Director	$0	$0	$0
IMAM HASSAN ALY	TRUSTEE	2.00	Director	$0	$0	$0
MUDDASSAR AHMED	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY GIANOTTI	COLLEGE PRES	40.00	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
2025	$421,339	$2,194,059	$536,993	$-1,772,720
2024	$4,734,805	$1,939,662	$2,534,107	$2,795,143
2023	$1,790,021	$1,869,029	$1,317,720	$-79,008
2022	$882,823	$2,053,525	$1,775,602	$-1,170,702
2021	$554,306	$1,575,215	$1,853,207	$-1,020,909
2020	$213,893	$1,392,313	$2,374,396	$-1,178,420
2019	$215,877	$1,396,196	$2,421,436	$-1,180,319

AMERICAN ISLAMIC COLLEGE