SAFA TRUST INC (EIN 541399426) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

DR HISHAM ALTALIB

Phone

7034719494

Tax Period

2024-01-01 to 2024-12-31

SAFA TRUST INC, founded in 1986, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2018. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $15.6M exceeded revenue, resulting in a 790% operating deficit.

Mission

TO PROMOTE RELIGIOUS, EDUCATIONAL, CULTURAL AND CHARITABLE PROJECTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $15,410,053

Other Revenue $327,903

TOTAL REVENUE $15,737,956

Expense Breakdown

Grants Paid $2,434,745

Salaries & Benefits $114,663

Fundraising Expenses $0

Program Expenses $2,434,745

Other Expenses $235,169

TOTAL EXPENSES $2,784,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,737,956	$1,640,040	+8.6%
Expenses	$2,784,577	$13,023,237	-0.8%
Net Income	$12,953,379	$-11,383,197	-2.1%

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

N/A

Volunteers

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
DR HISHAM ALTALIB	BOARD TRUSTEE & PRESIDENT	2.00	Officer Director	$0	$0	$0
DR AHMAD TOTONJI	BOARD TRUSTEE & TREASURER	1.00	Officer Director	$0	$0	$0
DR AHMED ALWANI	BOARD TRUSTEE & VICE PRESI	8.00	Officer Director	$0	$0	$0
HASAN ALTALIB	BOARD TRUSTEE & SECRETARY	8.00	Officer Director	$0	$0	$0
DR OMAR HASAN KASULE	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MUNA ABUSULAYMAN	BOARD TRUSTEE	1.00	Director	$0	$0	$0
TEVFIK AVCI	BOARD TRUSTEE	1.00	Director	$0	$0	$0
OMER TOTONJI	BOARD TRUSTEE	1.00	Director	$0	$0	$0
FIRAS BARZINJI	BOARD TRUSTEE	1.00	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	$15,737,956	$2,784,577	$335,963,848	$12,953,379
2023	$1,640,040	$13,023,237	$323,042,063	$-11,383,197
2023	$1,640,040	$13,023,237	$323,042,063	$-11,383,197
2022	$9,683,580	$16,923,900	$334,267,116	$-7,240,320
2022	$10,459,806	$17,126,896	$347,017,869	$-6,667,090
2021	$16,390,451	$15,396,610	$343,266,740	$993,841
2021	$129,994,977	$14,611,491	$343,509,225	$115,383,486
2020	$23,494,393	$17,337,435	$340,519,463	$6,156,958
2019	$17,978,378	$20,673,143	$326,678,748	$-2,694,765
2018	$1,751,301	$15,588,623	$323,822,357	$-13,837,322

SAFA TRUST INC