THE ISLAMIC SEMINARY OF AMERICA INC (EIN 453207248) - 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

2017

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

THE ISLAMIC SEMINARY OF AMERICA INC, founded in 2017, is a small nonprofit in the Education sector that reported $771K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $858K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO CULTIVATE GENERATIONS OF WORLD CLASS DOERS AND THINKERS WHO LEAD FROMAN ISLAMIC PARADIGM WHILE ENGAGING CONTEMPORARY CHALLENGES AND OPPORTUNITIES

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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 $693,573

Program Service Revenue $77,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $770,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,448

Fundraising Expenses $88,299

Program Expenses $268,945

Other Expenses $449,367

TOTAL EXPENSES $857,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$770,873	$670,730	+0.1%
Expenses	$857,815	$650,169	+0.3%
Net Income	$-86,942	$20,561	-5.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONA ISLAM	BOARD MEMBER	2.00	Officer	$0	$0	$0
SHAZEEDA KHAN	SECRETARY	2.00	Officer	$0	$0	$0
TAUHID CHOUDHURY	BOARD MEMBER	0.00	Officer	$0	$0	$0
ABED AYOUB	BOARD MEMBER	2.00	Officer	$0	$0	$0
IQBAL UNUS	BOARD CHAIR	2.00	Officer	$0	$0	$0
ALIM KHANDEKAR	BOARD VICE CHAIR	2.00	Officer	$0	$0	$0
ATHAR HAQ	BOARD MEMBER	2.00	Officer	$0	$0	$0
SALMA KAZMI	TREASURER	2.00	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	$770,873	$857,815	$1,208,551	$-86,942
2023	$670,730	$650,169	$1,205,656	$20,561
2022	$958,606	$510,158	$1,045,060	$448,448
2021	$835,842	$442,087	$602,822	$393,755
2020	$504,735	$328,953	$247,416	$175,782

THE ISLAMIC SEMINARY OF AMERICA INC