AT-TAKAFUL ISLAMIC SOCIETY (EIN 363701681) - 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

1990

Legal Domicile

Phone

7739899330

Tax Period

2023-01-01 to 2023-12-31

AT-TAKAFUL ISLAMIC SOCIETY, founded in 1990, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 39% operating margin.

Mission

RELIGIOUS AFFAIRS

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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 $1,010,967

Program Service Revenue $0

Investment Income $26,985

Other Revenue $0

TOTAL REVENUE $1,037,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,004

Fundraising Expenses $0

Program Expenses $439,635

Other Expenses $439,204

TOTAL EXPENSES $634,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,037,952	$725,033	+0.4%
Expenses	$634,208	$573,396	+0.1%
Net Income	$403,744	$151,637	+1.7%

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

N/A

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
MASOOD ALI	President	10.00	Director	$0	$0	$0
MAHBOOB ALI WARISI	Secretary	10.00	Director	$0	$0	$0
SYED A RAHMAN	Treasurer	10.00	Director	$0	$0	$0
MOHAMMED A HAI	Director	40.00	Director	$0	$0	$0
MAZHER SHAH KHAN	Director	10.00	Director	$0	$0	$0
MOHAMMED A ABUSHALBAK	Director	10.00	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	$1,037,952	$634,208	$4,180,664	$403,744
2022	$725,033	$573,396	$3,763,967	$151,637
2021	$561,184	$489,244	$3,582,956	$71,940
2020	$849,911	$889,554	$3,443,643	$-39,643
2019	$839,436	$762,405	$3,401,506	$77,031
2018	$866,250	$708,585	$3,294,979	$157,665

AT-TAKAFUL ISLAMIC SOCIETY