ICNA Chicago Illinois Organization (EIN 473342673) - 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

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ICNA Chicago Illinois Organization, founded in 2015, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $182K, a strong 15% operating margin.

Mission

Islamic Circle of North America (ICNA) is a non-ethnic, non-sectarian; open to all, independent, Islamic Organization. ICNA has project, programs, and activities to help in the process of molding the individual and reforming the society.

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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 $1,206,252

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,206,252

Expense Breakdown

Grants Paid $28,384

Salaries & Benefits $468,240

Fundraising Expenses $75,267

Program Expenses $737,724

Other Expenses $522,126

TOTAL EXPENSES $1,024,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,206,252	N/A	N/A
Expenses	$1,024,284	N/A	N/A
Net Income	$181,968	N/A	N/A

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

$83,688

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABEEL AHMED	DIRECTOR	40.00	Key Emp	$83,688	$0	$83,688
ARIF KHAN	PRESIDENT	10.00	Officer	$0	$0	$0
AHMED KAMAL FAIZABADI	TREASURER	10.00	Officer	$0	$0	$0
SAAD SIDDIQI	DIRECTOR	10.00	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
2024	No data	No data	No data	No data
2023	$1,206,252	$1,024,284	$3,028,791	$181,968
2022	$2,282,350	$997,029	$3,198,128	$1,285,321
2021	$1,147,321	$784,556	$1,905,870	$362,765
2020	$932,740	$977,066	$1,419,715	$-44,326

ICNA Chicago Illinois Organization