THE SIRAT INITIATIVE

EIN: 853292536 501(c)(3) Philanthropy & Grantmaking

DEARBORN, MI

Total Revenue
$398,177
Total Expenses
$432,685
Total Assets
$137,586
Net Assets
$137,586
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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
2020
Legal Domicile
MI
Phone
8777472887
Tax Period
2024-01-01 to 2024-12-31

THE SIRAT INITIATIVE, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $398K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

TO CULTIVATE MEANINGFUL EXPERIENCES FOR ALL MUSLIM AMERICANS, AIDING THEM ON THEIR SPIRITUAL JOURNEY BY LEVERAGING AND DISSEMINATING THE SACRED WISDOMS AND TEACHINGS OF THE ITHNA ASHARI TRADITION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,996
Program Service Revenue $393,181
Investment Income $0
Other Revenue $0
TOTAL REVENUE $398,177

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $432,685
Other Expenses $432,685
TOTAL EXPENSES $432,685

Year-over-Year Comparison

2024 2023 Change
Revenue $398,177 $268,967 +0.5%
Expenses $432,685 $248,759 +0.7%
Net Income $-34,508 $20,208 -2.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AHMAD HAMADE TREASURER 2.00
Director
$0 $0 $0
JIHAD HIJAZI PRESIDENT 10.00
Officer Director
$0 $0 $0
MUSTAPHA MOURTADA SECRETARY 10.00
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
2024 $398,177 $432,685 $137,586 $-34,508
2023 $268,967 $248,759 $123,734 $20,208
2022 $210,445 $116,919 $103,526 $93,526
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