ISLAMIC EDUCATION CENTER OF TAMPA INC (EIN 593205048) - 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

1993

Legal Domicile

Principal Officer

GHASSAN MANSOUR

Phone

8132867373

Tax Period

2024-01-01 to 2024-12-31

ISLAMIC EDUCATION CENTER OF TAMPA INC, founded in 1993, is a micro nonprofit that reported $19K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 369% operating deficit.

Mission

TO SERVE THE PURE ISLAM, MUSLIMS, AND THE HUMANITY AT LARGE WHILE PROVIDING EDUCATIONAL, CULTURAL AND RELIGIOUS SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,812

Program Service Revenue $0

Investment Income $17,084

Other Revenue $-21,724

TOTAL REVENUE $19,172

Expense Breakdown

Grants Paid $15,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,960

Other Expenses $74,160

TOTAL EXPENSES $89,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,172	$59,756	-0.7%
Expenses	$89,960	$72,283	+0.2%
Net Income	$-70,788	$-12,527	+4.7%

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

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
SYED ABBAS AYLEYA	VICE-CHAIRMA	4.00	Officer Director	$0	$0	$0
ABBAS HASHEMI	CFO	4.00	Officer Director	$0	$0	$0
GHASSAN MANSOUR	CHAIRMAN, SE	4.00	Officer Director	$0	$0	$0
JACOB MORAL	COO	4.00	Officer Director	$0	$0	$0
GHULAM SHABBIRI	CEO	4.00	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	$19,172	$89,960	$1,929,798	$-70,788
2022	$55,308	$77,639	$2,006,510	$-22,331
2021	$141,460	$74,099	$1,959,932	$67,361
2020	$21,634	$93,078	$2,108,543	$-71,444
2019	$453,766	$93,174	$2,181,776	$360,592
2018	$214,919	$122,697	$1,821,185	$92,222

ISLAMIC EDUCATION CENTER OF TAMPA INC