MAHDAVIA ISLAMIC CENTER OF CHICAGO

EIN: 363719503 501(c)(3)

CHICAGO, IL

Total Revenue
$233,698
Total Expenses
$167,276
Total Assets
$427,144
Net Assets
$427,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Principal Officer
SHAKEEL A KHAN
Phone
7738168977
Tax Period
2023-01-01 to 2023-12-31

MAHDAVIA ISLAMIC CENTER OF CHICAGO, founded in 1991, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 28% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO CARRY ON RELIGIOUS, CHARITABLE AND EDUCATIONAL ACTIVITIES. WE OFFER SERVICES SUCH AS DAILY PRAYERS, FRIDAY PRAYER, EID PRAYER AND OTHER RELIGIOUS ACTIVITIES. WE OFFER HELP TO POOR FAMILIES.WE PROVIDE AVENUES FOR MEMBERS TO LEARN QURAN AND ARABIC LANGUAGES. WE ALSO PROVIDE SCHOLARSHIPS TO STUDENTS TO HELP WITH THEIR EDUCATION

Program Service Accomplishments

Program 1

THIS RELATES TO OUR TOTAL EXPENSES FOR SERVICES PROVIDED TO THE WORSHIPERS AND MASJID CHURCH OPERATING EXPENSES OUR MISSION IS TO SUPPORT THE MUSLIM POPULATION IN PRAYERS TEACH ALL MUSLIMS TO LIVE BY...

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THIS RELATES TO OUR TOTAL EXPENSES FOR SERVICES PROVIDED TO THE WORSHIPERS AND MASJID CHURCH OPERATING EXPENSES OUR MISSION IS TO SUPPORT THE MUSLIM POPULATION IN PRAYERS TEACH ALL MUSLIMS TO LIVE BY THE TEACHINGS OF HOLY QUARAN HELP IMMIGRANT MUSLIMS TO SETTLE IN THE AMERICAN CULTURE

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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 $147,448
Program Service Revenue $86,250
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,698

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $155,276
TOTAL EXPENSES $167,276

Year-over-Year Comparison

2023 2022 Change
Revenue $233,698 $187,588 +0.2%
Expenses $167,276 $147,733 +0.1%
Net Income $66,422 $39,855 +0.7%
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

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Governance

Voting Members
6
Independent Members
6
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAHMAT A KHAN President 008.00
Officer
$0 $0 $0
LIAQUAT A KHAN SENIOR Vice President 014.00
Officer
$0 $0 $0
LATEEF SYED General Secretary 014.00
Officer
$0 $0 $0
MOHAMMED A KHAN VICE PRESIDENT 014.00
Officer
$0 $0 $0
SYED A ATHER SECRETARY 008.00
Officer
$0 $0 $0
SHAKEEL A KHAN TREASURER 014.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $233,698 $167,276 $427,144 $66,422
2022 $187,588 $147,733 $393,723 $39,855
2021 $193,848 $146,968 $385,362 $46,880
2020 $231,410 $141,109 $391,902 $90,301
2019 $149,562 $107,347 $342,752 $42,215
2018 $155,159 $121,220 $355,136 $33,939
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