IFTIN CHARTER SCHOOL (EIN 721585811) - 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

2006

Legal Domicile

Principal Officer

MASLAH YUSSUF

Phone

6192652411

Tax Period

2023-07-01 to 2024-06-30

IFTIN CHARTER SCHOOL, founded in 2006, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $8.4M left a modest 5% surplus.

Mission

ICS PROVIDES STUDENTS IN GRADES K-8 AN ACADEMICALLY RIGOROUS CORE-ALIGNED CURRICULA SUPPLEMENTED WITH A TECHNOLOGY INTENSIVE PROGRAM IN A STUDENT CENTERED, SAFE AND CARING LEARNING ENVIRONMENT. ICS ADDRESSES THE NEEDS OF A DIVERSE GROUP OF STUDENTS, THEIR FAMILIES AND COMMUNITY.

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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 $8,732,703

Program Service Revenue $0

Investment Income $118,609

Other Revenue $0

TOTAL REVENUE $8,851,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,148,469

Fundraising Expenses $0

Program Expenses $6,675,797

Other Expenses $2,259,715

TOTAL EXPENSES $8,408,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,851,312	$7,366,437	+0.2%
Expenses	$8,408,184	$7,411,057	+0.1%
Net Income	$443,128	$-44,620	-10.9%

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

114

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

$294,698

Total Directors

$96,594

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MASLAH YUSSUF	CEO	40.00	Officer	$250,553	$44,145	$294,698
ABDIRAHIM MOHAMUD	OPERATIONS MANAGER	40.00		$195,482	$47,101	$242,583
ALI HORI	DIR OF SHOOL CULTURE & CLIMATE	40.00		$169,002	$55,218	$224,220
SHUAYB MUMIN	Director	40.00	Director	$79,980	$16,614	$96,594
MULKI HERSI	Treasurer	2.00	Officer Director	$0	$0	$0
DR JOSEPH JOHNSON	President	2.00	Officer Director	$0	$0	$0
IBRAHIM HASSAN	Director	2.00	Director	$0	$0	$0
RAHMO ABDI	Secretary	2.00	Officer Director	$0	$0	$0
FAISAL ALI	Director	2.00	Director	$0	$0	$0
RASHID MURSAL	Director	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
2025	No data	No data	No data	No data
2024	$8,851,312	$8,408,184	$5,112,958	$443,128
2023	$7,366,437	$7,411,057	$4,772,908	$-44,620
2022	$5,983,177	$5,967,111	$3,121,247	$16,066
2021	$4,659,616	$4,408,210	$2,670,840	$251,406
2020	$3,893,688	$3,887,051	$2,248,944	$6,637
2019	$4,014,725	$3,902,155	$2,208,181	$112,570
2018	$3,667,286	$3,938,535	$2,070,180	$-271,249

IFTIN CHARTER SCHOOL