Islamic School of Miami Inc (EIN 650565951) - 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

1995

Legal Domicile

Principal Officer

Bilal Karakira

Phone

9545935728

Tax Period

2023-01-01 to 2023-12-31

Islamic School of Miami Inc, founded in 1995, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 5% surplus.

Mission

Religious Education

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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 $500,309

Program Service Revenue $910,584

Investment Income $0

Other Revenue $69,135

TOTAL REVENUE $1,480,028

Expense Breakdown

Grants Paid $85,332

Salaries & Benefits $877,817

Fundraising Expenses $0

Program Expenses $1,348,622

Other Expenses $441,650

TOTAL EXPENSES $1,404,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,480,028	$1,227,669	+0.2%
Expenses	$1,404,799	$1,167,145	+0.2%
Net Income	$75,229	$60,524	+0.2%

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
Bilal Karakira	President	2.00	Director	$0	$0	$0
Naveed Anjum	Vice President	2.00	Director	$0	$0	$0
Rasikh Abubakar	Secretary	2.00	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	No data	No data	No data	No data
2023	$1,480,028	$1,404,799	$4,896,975	$75,229
2022	$1,227,669	$1,167,145	$4,592,100	$60,524
2021	$1,451,222	$1,002,592	$4,525,096	$448,630
2020	$969,634	$874,677	$4,123,977	$94,957
2019	$1,036,118	$943,278	$3,924,157	$92,840
2018	$1,062,532	$884,216	$3,838,168	$178,316

Islamic School of Miami Inc