THE SIRAT INITIATIVE

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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

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.

Program Service Accomplishments

Program 1

Expenses: $432,685 Revenue: $393,181

THE SIRAT INITIATIVE OFFERS A VARIETY OF CHARITABLE PROGRAMS AND SERVICES TO THE MUSLIM COMMUNITY IN NORTH AMERICA. THESE PROGRAMS INCLUDE: ANNUAL CONFERENCE, WORKSHOPS, PRAYER SERVICES, NETWORKING...

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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
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