WISE LEARNING CORPORATION

EIN: 453211370 501(c)(3) Education

DEARBORN HEIGHTS, MI

Total Revenue
$3,218,627
Total Expenses
$3,760,757
Total Assets
$11,277,280
Net Assets
$7,879,634
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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
2011
Legal Domicile
MI
Principal Officer
HASSANAIN RAJABALI
Phone
3138008901
Tax Period
2024-01-01 to 2024-12-31

WISE LEARNING CORPORATION, founded in 2011, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO REACH FOR ACADEMIC AND ETHICAL EXCELLENCE THROUGH HIGH QUALITY EDUCATION, PROFESSIONAL AND SAFE ENVIRONMENT EQUIPPED WITH STATE-OF-THE ART FACILITIES, AND A HIGHLY QUALIFIED TEAM OF EXPERTS TO REPRESENT THE VISION.

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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 $415,718
Program Service Revenue $2,802,909
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,218,627

Expense Breakdown

Grants Paid $88,650
Salaries & Benefits $1,968,781
Fundraising Expenses $0
Program Expenses $3,440,887
Other Expenses $1,703,326
TOTAL EXPENSES $3,760,757

Year-over-Year Comparison

2024 2023 Change
Revenue $3,218,627 $4,160,725 -0.2%
Expenses $3,760,757 $3,692,804 +0.0%
Net Income $-542,130 $467,921 -2.2%
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

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Governance

Voting Members
5
Independent Members
3
Employees
63
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
5
$31,154
Total Directors
5
$31,154
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HASSANAIN RAJABALI PRESIDENT 40.00
Officer Director
$31,154 $0 $31,154
HUSSEIN CHARARA DIRECTOR 20.00
Officer Director
$0 $0 $0
MUHAMMED JAFFER DIRECTOR 4.00
Officer Director
$0 $0 $0
AYAZ VIRJIL DIRECTOR 1.00
Officer Director
$0 $0 $0
INAYAT WALLI DIRECTOR 15.00
Officer Director
$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 $3,218,627 $3,760,757 $11,277,280 $-542,130
2023 $4,160,725 $3,692,804 $11,914,734 $467,921
2022 $2,950,620 $3,491,729 $11,749,522 $-541,109
2021 $4,151,068 $2,970,493 $12,561,563 $1,180,575
2020 $1,846,675 $2,278,588 $12,477,346 $-431,913
2019 $3,900,396 $3,162,068 $12,053,463 $738,328
2018 $4,359,413 $3,060,851 $11,958,654 $1,298,562
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