Islamic Services Foundation

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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

1989

Legal Domicile

Phone

9724145090

Tax Period

2023-01-01 to 2023-12-31

Islamic Services Foundation, founded in 1989, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 20% operating margin.

Mission

The Islamic Services Foundation (ISF) is a non-profit organization, which has been dedicated to serving the Muslim community since its founding in 1989. Heaquarted in the Dallas, Texas Area, ISF is home to serveral community service projects. Islamic Services Foundation is the parent company of Brighter Horizons Academy, Islamic Curriculum Project, Muslim Yellow Pages and Texas Islamic Court.

Program Service Accomplishments

Program 1

Expenses: $8,574,864

Brighter Horizons Academy is a private Islamic School serving North Texas. The Academy's mission is to graduate practicing Muslim Leaders and responsible citizens who are well prepared for college...

Brighter Horizons Academy is a private Islamic School serving North Texas. The Academy's mission is to graduate practicing Muslim Leaders and responsible citizens who are well prepared for college entrance and career challenges of the Twenty First Century. Our mission will be achieved through educational excellence within healthy learning environment, intimate adherence to Islamic practices, and strong collaboration with positive interaction among school, students, parents and community. The activity and revenues are used to establish and maintain Islamic educational institutions (Brighter Horizons Academy), in furtherance of the exempt purposes of the Foundation.

Program 2

Expenses: $2,180,010

Other programs in furtherance of the exempt purpose of the foundation.

Program 3

Expenses: $512,357

The Curriculum Project develops curriculum and textbooks for Islamic studies and Arabic language. Textbooks are implemented in hundreds of schools worldwide. The activity and revenues are used to...

The Curriculum Project develops curriculum and textbooks for Islamic studies and Arabic language. Textbooks are implemented in hundreds of schools worldwide. The activity and revenues are used to establish and maintain Islamic educational institutions (Brighter Horizons Academy), in furtherance of the exempt purposes of the Foundation.

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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 $3,565,503

Program Service Revenue $10,415,037

Investment Income $0

Other Revenue $255,188

TOTAL REVENUE $14,235,728

Expense Breakdown

Grants Paid $6,030

Salaries & Benefits $7,542,335

Fundraising Expenses $0

Program Expenses $11,331,599

Other Expenses $3,905,630

TOTAL EXPENSES $11,453,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,235,728	$8,779,373	+0.6%
Expenses	$11,453,995	$9,132,887	+0.3%
Net Income	$2,781,733	$-353,514	-8.9%

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

163

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
Ruba Kuzbari	Vice President	10.00	Officer	$0	$0	$0
Mohammad Ehsan Sayed	President	10.00	Officer	$0	$0	$0
Isam Haboosh	Finance	10.00	Officer	$0	$0	$0
Mahdi Al Hallak	Secretary	10.00	Officer	$0	$0	$0
Waleed Gabr	Dawah Secretary	10.00	Officer	$0	$0	$0
Suheib Omran	Member at Large	10.00	Officer	$0	$0	$0
Sumayya Khatib	Member at Large	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	$14,235,728	$11,453,995	$15,915,146	$2,781,733
2022	$8,779,373	$9,132,887	$12,262,713	$-353,514
2021	$9,373,276	$8,383,231	$12,490,908	$990,045
2020	$8,046,497	$8,417,185	$11,380,817	$-370,688
2019	$8,312,925	$8,761,436	$10,768,802	$-448,511
2018	$8,562,118	$9,031,795	$11,355,277	$-469,677