ISLAMIC ACADEMY OF DELAWARE (EIN 452400023) - 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

2013

Legal Domicile

Principal Officer

AHMED ABOUZEID

Phone

3024559988

Tax Period

2024-01-01 to 2024-12-31

ISLAMIC ACADEMY OF DELAWARE, founded in 2013, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $272K, a strong 18% operating margin.

Mission

FULL-TIME EDUCATIONAL INSTITUTE (PK - 8 GRADES) WITH MISSION TO DEVELOP STUDENTS INTELLECTUAL, SPIRITUAL, MULTI-CULTURAL AND AESTHETIC POTENTIAL IN AN ISLAMIC ENVIRONMENT WITH QUALITY EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $69,463

Program Service Revenue $1,424,995

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,494,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,511

Fundraising Expenses $0

Program Expenses $1,222,945

Other Expenses $449,434

TOTAL EXPENSES $1,222,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,494,458	$1,474,297	+0.0%
Expenses	$1,222,945	$1,385,413	-0.1%
Net Income	$271,513	$88,884	+2.1%

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

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
MOHAMMAD SARWAR	BOARD MEMBER	2.00	Director	$0	$0	$0
BASHIR MANSOORI	BOARD MEMBER	2.00	Director	$0	$0	$0
MUHAMMED NIAZ	CHAIRMAN	2.00	Officer	$0	$0	$0
AHMED ABOUZEID	TREASURER	15.00	Officer	$0	$0	$0
MOHAMMAD F MADIWALE	SECRETARY	2.00	Officer	$0	$0	$0
NIDAL ABUASI	SCHOOL PRINCIPAL	40.00	Key Emp	$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	$1,494,458	$1,222,945	$1,706,499	$271,513
2023	$1,474,297	$1,385,413	$1,433,672	$88,884
2022	$1,245,544	$908,944	$1,345,335	$336,600
2021	$1,236,420	$757,635	$1,008,923	$478,785
2020	$1,057,821	$771,079	$668,032	$286,742
2019	$918,894	$787,132	$241,462	$131,762
2018	$711,534	$747,943	$109,820	$-36,409

ISLAMIC ACADEMY OF DELAWARE