THE ZAKAT FOUNDATION OF AMERICA (EIN 364476244) - 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

2001

Legal Domicile

Principal Officer

HALIL DEMIR

Phone

7082330555

Tax Period

2022-07-01 to 2023-06-30

THE ZAKAT FOUNDATION OF AMERICA, founded in 2001, is a community nonprofit in the Unknown sector that reported $9.2M in total revenue in fiscal year 2017. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION FOSTERS CHARITABLE GIVING TO ALLEVIATE THE IMMEDIATE NEEDS OF POOR COMMUNITIES AND TO ESTABLISH LONG-TERM DEVELOPMENT PROJECTS THAT ENSURE INDIVIDUAL AND COMMUNITY GROWTH AND QUICKLY RESPOND TO EMERGENCIES AND DISASTERS ANYWHERE IN THE WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $29,480,326

Program Service Revenue $0

Investment Income $-6,226

Other Revenue $23,954

TOTAL REVENUE $29,498,054

Expense Breakdown

Grants Paid $11,317,726

Salaries & Benefits $3,781,216

Fundraising Expenses $1,064,737

Program Expenses $17,349,000

Other Expenses $4,108,378

TOTAL EXPENSES $19,207,320

Year-over-Year Comparison

	2022	2021	Change
Revenue	$29,498,054	$19,208,557	+0.5%
Expenses	$19,207,320	$15,054,708	+0.3%
Net Income	$10,290,734	$4,153,849	+1.5%

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

3275

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

$181,922

Total Directors

$181,922

Key Employees

$178,731

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HALIL DEMIR	EXECUTIVE DIRECTOR	40.00	Officer Director	$135,692	$46,230	$181,922
DR HASAN ARSLAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR MEHMET TARHAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SAOUSSEN HABALI	SECRETARY	2.00	Officer Director	$0	$0	$0
FUAT YAZAR	TREASURER	2.00	Officer Director	$0	$0	$0
FATIMA TUNCER	DIRECTOR	2.00	Director	$0	$0	$0
RAZA FARRUKH	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$155,131	$23,600	$178,731
AMNA MIRZA	CHIEF MARKETING OFFICER	40.00	Highest	$127,700	$0	$127,700
MINARA EL-RAHMAN	DIRECTOR, DIGITAL MARKETING	40.00	Highest	$101,465	$21,803	$123,268
MAJEDA NABHAN	DIRECTOR, INT'L HUMAN RESOURCES	40.00	Highest	$111,071	$7,832	$118,903

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	$29,498,054	$19,207,320	$29,298,844	$10,290,734
2022	$19,208,557	$15,054,708	$18,383,837	$4,153,849
2021	$20,921,666	$16,699,500	$14,113,673	$4,222,166
2020	$13,348,196	$11,467,343	$10,176,762	$1,880,853
2019	$9,809,318	$10,058,880	$7,796,614	$-249,562
2018	$9,247,911	$9,444,106	$8,110,346	$-196,195

THE ZAKAT FOUNDATION OF AMERICA