FAITH ISLAMIC ACADEMY (EIN 463341402) - 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

2016

Legal Domicile

Principal Officer

AMJAD ALLY

Phone

3309269407

Tax Period

2023-07-01 to 2024-06-30

FAITH ISLAMIC ACADEMY, founded in 2016, is a small nonprofit in the Education sector that reported $855K in total revenue in fiscal year 2023.

Mission

WE AIM TO SPARK A LOVE FOR LEARNING EARLY ON IN OUR STUDENTS MINDS AND HEARTS. OUR MISSION IS TO CREATE A LEARNING ENVIRONMENT THAT IS BOTH CHALLENGING AND REWARDING. EDUCATING TOMORROW'S LEADERS IS NOT A JOB THAT WE TAKE LIGHTLY. WE KNOW THAT EACH CHILD LEARNS DIFFERENTLY AND OUR ADAPTIVE APPROACH CATERS TO YOUR CHILD'S INDIVIDUAL NEEDS. OUR FAITH-BASED SCHOOL EXPOSES STUDENTS TO ESSENTIAL RELIGIOUS PRINCIPALS AND CHARACTER BUILDING EXPERIENCES.

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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 $55,736

Program Service Revenue $798,523

Investment Income $0

Other Revenue $360

TOTAL REVENUE $854,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,970

Fundraising Expenses $13,531

Program Expenses $766,424

Other Expenses $200,828

TOTAL EXPENSES $853,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$854,619	$898,677	0.0%
Expenses	$853,798	$772,427	+0.1%
Net Income	$821	$126,250	-1.0%

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
AMJAD ALLY	TREASURER	10.00	Officer Director	$0	$0	$0
MEKKI BAYACHOU	BOARD MEMBER	5.00	Director	$0	$0	$0
WADAD JWAYYED	BOARD MEMBER	5.00	Director	$0	$0	$0
SABRINA LANDRUM	BOARD MEMBER	5.00	Director	$0	$0	$0
GHULAM MIR	BOARD MEMBER	5.00	Director	$0	$0	$0
FAYEZ SAFADI	BOARD MEMBER	5.00	Director	$0	$0	$0
FAHEEM SHAIKH	CHAIR	5.00	Officer Director	$0	$0	$0
ABDIHAFIT SHAYE	BOARD MEMBER	5.00	Director	$0	$0	$0
MAHBOBEH VEZVAEI	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$854,619	$853,798	$222,295	$821
2023	$898,677	$772,427	$306,471	$126,250
2022	$521,384	$824,237	$125,313	$-302,853
2021	$643,912	$710,354	$427,569	$-66,442
2020	$821,823	$820,883	$495,384	$940

FAITH ISLAMIC ACADEMY