BOSNIAN AMERICAN ISLAMIC CENTER INC

EIN: 383266884 501(c)(3) Religion

HAMTRAMCK, MI

Total Revenue
$811,109
Total Expenses
$233,270
Total Assets
$2,380,064
Net Assets
$2,380,064
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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
1998
Legal Domicile
MI
Principal Officer
ARIANA BASIC
Phone
3138936840
Tax Period
2024-01-01 to 2024-12-31

BOSNIAN AMERICAN ISLAMIC CENTER INC, founded in 1998, is a small nonprofit in the Religion sector that reported $811K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $578K, a strong 71% operating margin.

Mission

Daily and weekly prayers and meetings with parents and children

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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 (2024)

Revenue Breakdown

Contributions & Grants $810,515
Program Service Revenue $594
Investment Income $0
Other Revenue $0
TOTAL REVENUE $811,109

Expense Breakdown

Grants Paid $10,388
Salaries & Benefits $77,265
Fundraising Expenses $0
Program Expenses $152,122
Other Expenses $79,017
TOTAL EXPENSES $233,270

Year-over-Year Comparison

2024 2023 Change
Revenue $811,109 $673,339 +0.2%
Expenses $233,270 $290,061 -0.2%
Net Income $577,839 $383,278 +0.5%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
2
$72,000
Key Employees
2
$72,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VEDAD ARNAUT MINISTER 040.00
Director Key Emp
$62,400 $0 $62,400
ARIANA BASIC SECRETARY/ACCOUNTANT 010.00
Director Key Emp
$9,600 $0 $9,600
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 $811,109 $233,270 $2,380,064 $577,839
2023 $673,339 $290,061 $1,802,225 $383,278
2022 $407,623 $247,811 $1,418,947 $159,812
2021 $507,642 $199,011 $1,248,977 $308,631
2020 $381,837 $172,352 $940,346 $209,485
2019 $487,053 $166,308 $730,861 $320,745
2018 $175,319 $147,710 $410,116 $27,609
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