ISLAMIC FOUNDATION NORTH ENDOWMENT FUND

EIN: 471572329 501(c)(3) Religion

Libertyville, IL

Total Revenue
$98,715
Total Expenses
$1,101
Total Assets
$1,050,828
Net Assets
$1,049,278
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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
2014
Legal Domicile
IL
Principal Officer
AbdulHai Khaleel
Phone
8474063730
Tax Period
2023-01-01 to 2023-12-31

ISLAMIC FOUNDATION NORTH ENDOWMENT FUND, founded in 2014, is a micro nonprofit in the Religion sector that reported $99K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 99% operating margin.

Mission

Serving as an endowment fund for the benefit of Islamic Foundation North

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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 (2023)

Revenue Breakdown

Contributions & Grants $93,962
Program Service Revenue $0
Investment Income $0
Other Revenue $4,753
TOTAL REVENUE $98,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,101
TOTAL EXPENSES $1,101

Year-over-Year Comparison

2023 2022 Change
Revenue $98,715 $78,926 +0.3%
Expenses $1,101 $1,698 -0.4%
Net Income $97,614 $77,228 +0.3%
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
6
Independent Members
6
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Taha Suglatwala President 1
Officer
$0 $0 $0
Masood Ahmed Secretary 1
Officer
$0 $0 $0
AbdulHai Khaleel Treasurer 1
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 No data No data No data No data
2023 $98,715 $1,101 $1,050,828 $97,614
2022 $67,546 $1,358 $953,214 $66,188
2021 $68,609 $1,676 $887,026 $66,933
2020 $77,040 $1,242 $820,093 $75,798
2019 $97,463 $905 $744,295 $96,558
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