BOSTON ISLAMIC SEMINARY INC (EIN 815432436) - 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

2015

Legal Domicile

Principal Officer

BASYOUNY NEHELA

Phone

7818540883

Tax Period

2023-07-01 to 2024-06-30

BOSTON ISLAMIC SEMINARY INC, founded in 2015, is a small nonprofit in the Religion sector that reported $647K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

BOSTON ISLAMIC SEMINARY, INC (THE ORGANIZATION) WAS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS ON JULY 1, 2018. THE MISSION OF THE SEMINARY IS TO PREPARE EXEMPLARY AND PROFESSIONAL AMERICAN MUSLIM RELIGIOUS LEADERS FOR THE PRESENT AND FUTURE. IT IS THE SPIRITUAL VIEW OF THE FOUNDERS THAT ISLAM IS RELEVANT FOR ALL TIMES AND PLACES, BUT THAT THE NEEDS OF PEOPLE AND THE BEST APPLICATION OF ISLAMIC PRINCIPLES VARY BY CONTEXT. THIS RELIGIOUS GOAL IS TO TRAIN STUDENTS TO BECOME DEEPLY CONVERSANT WITH THE QUR'AN, SUNNAH, AND THE SCHOLARLY TRADITION OF ISLAM RELIGION AS IT HAS EVOLVED OVER TIME, INCORPORATING THE HISTORY AND SOCIO- CULTURAL CONTEXT THAT SHAPES ISLAM IN AMERICA AND THROUGHOUT THE WORLD. THE EDUCATIONAL PROGRAMS SEEK TO PROVIDE AMERICAN MUSLIMS WITH THE TOOLS REQUIRED TO SERVE COMMUNITIES WITH COMPASSION IN A MULTITUDE OF ROLES. THE ORGANIZATION WILL WORK ZEALOUSLY TO DEVELOP VIBRANT MEMBERS OF AMERICA'S PLURALISTIC SOCIETY, COLLABORATING WITH PEOPLE OF ALL

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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 $468,580

Program Service Revenue $177,691

Investment Income $597

Other Revenue $0

TOTAL REVENUE $646,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,688

Fundraising Expenses $67,167

Program Expenses $455,354

Other Expenses $176,865

TOTAL EXPENSES $678,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,868	$743,592	-0.1%
Expenses	$678,553	$856,325	-0.2%
Net Income	$-31,685	$-112,733	-0.7%

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

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
MEHMET EFE AKENGIN	CLERK	2.00	Officer Director	$0	$0	$0
HOSSAM ALJABRI	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
HASSAN EL-ALAMI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
AMR EL-MOSELHY	DIRECTOR	2.00	Director	$0	$0	$0
ANWAR KAZMI	TREASURER	2.00	Officer Director	$0	$0	$0
KAMAL YOUCEF TOUMI	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
2024	$646,868	$678,553	$603,052	$-31,685
2023	$743,592	$856,325	$703,673	$-112,733
2022	$437,754	$464,003	$821,497	$-26,249
2021	$680,403	$249,212	$1,132,676	$431,191
2020	$288,638	$258,938	$371,225	$29,700
2020	$307,308	$260,339	$390,648	$46,969
2019	$434,171	$466,071	$270,256	$-31,900

BOSTON ISLAMIC SEMINARY INC