ICI WAQF

EIN: 814065531 501(c)(3) Religion

Irving, TX

Total Revenue
$558,052
Total Expenses
$71,096
Total Assets
$2,252,231
Net Assets
$1,798,264
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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
2015
Legal Domicile
TX
Principal Officer
SHAKIR MUSTAFA DIRECTOR
Tax Period
2023-01-01 to 2023-12-31

ICI WAQF, founded in 2015, is a small nonprofit in the Religion sector that reported $558K in total revenue in fiscal year 2023. The organization ran a surplus of $487K, a strong 87% operating margin.

Mission

Develop and grow an investment portfolio capable of generating a steady, stable and sustainable source of funds to provide the Islamic Center oflrving (ICI) financial suppo1i for the Operations and Maintenance of all ICI owned and operated facilities

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $558,052
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $558,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,403
Other Expenses $71,096
TOTAL EXPENSES $71,096

Year-over-Year Comparison

2023 2022 Change
Revenue $558,052 N/A N/A
Expenses $71,096 N/A N/A
Net Income $486,956 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISHAQ AHMED BOARD MEMBER 0.00
Director
$0 $0 $0
ABDUL KHABEER BOARD MEMBER 0.00
Director
$0 $0 $0
HUSAM AZMA BOARD MEMBER 0.00
Director
$0 $0 $0
DAWOOD H JAMEEL DIRECTOR 0.00
Director
$0 $0 $0
ABDERRAOOF ALKHAWALDEH DIRECTOR 0.00
Director
$0 $0 $0
ABDERRAOOF ALKHAWALDEH President 0.00
Officer Director
$0 $0 $0
SHAKIR MUSTAFA TREASURER 0.00
Officer Director
$0 $0 $0
SHOAIB KHALID SECRETARY 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $558,052 $71,096 $2,252,231 $486,956
2022 $218,673 $16,662 $1,716,308 $202,011
2021 $1,031,501 $4,960 $1,494,297 $1,026,541
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