NIGERIAN ISLAMIC ASSOCIATION OF USA (EIN 363677382) - 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

1984

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NIGERIAN ISLAMIC ASSOCIATION OF USA, founded in 1984, is a small nonprofit that reported $359K in total revenue in fiscal year 2019. The organization ran a surplus of $97K, a strong 27% operating margin.

Mission

The Corporation was formed to promote and cater for Nigerian Muslim community in the United States by operating a religious organization according to the principles of Islmic faith.

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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 $0

Program Service Revenue $763,065

Investment Income $0

Other Revenue $0

TOTAL REVENUE $763,065

Expense Breakdown

Grants Paid $19,800

Salaries & Benefits $0

Fundraising Expenses $18,819

Program Expenses $448,512

Other Expenses $473,412

TOTAL EXPENSES $493,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$763,065	$319,098	+1.4%
Expenses	$493,212	$146,062	+2.4%
Net Income	$269,853	$173,036	+0.6%

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

N/A

Independent Members

N/A

Employees

N/A

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
OLANREWAJU I ABAYOMI	CHAIRMAN	0.00	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	$763,065	$493,212	$2,835,029	$269,853
2022	$319,098	$146,062	$2,563,213	$173,036
2021	$215,309	$117,310	$2,402,218	$97,999
2020	$278,834	$106,547	$2,296,230	$172,287
2019	$358,701	$261,343	$2,042,199	$97,358

NIGERIAN ISLAMIC ASSOCIATION OF USA