WESTCHESTER SQUARE ISLAMIC CULTURA… - Form 990 Financial Data

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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

2021

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

WESTCHESTER SQUARE ISLAMIC CULTURAL CENTER INC, founded in 2021, is a small nonprofit in the Religion sector that reported $271K in total revenue in fiscal year 2024. The organization ran a surplus of $150K, a strong 55% operating margin.

Mission

WESTCHESTER SQUARE ISLAMIC CULTURAL CENTER IS ESTABLISHED AS A ISLAMIC RELIGOUS COMMUNITY CENTER FOR THE MUSLIM COMMUNITY AS WELL AS TO BRING PEOPLE OF OTHER FAITH FROM THE COMMUNITY AS AN OUTREACH PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $120,946

PURCHASED A PLACE OF WORSHIP IN 2021, WHICH IS THE MAIN ASSET OF THE ORGANZIATION. THE PURCHASE WAS MADE THROUGH USE OF THE DONATIONS AND LOANS PROVIDED BY THE COMMUNITY MEMBERS. DONATIONS/REVENUE...

PURCHASED A PLACE OF WORSHIP IN 2021, WHICH IS THE MAIN ASSET OF THE ORGANZIATION. THE PURCHASE WAS MADE THROUGH USE OF THE DONATIONS AND LOANS PROVIDED BY THE COMMUNITY MEMBERS. DONATIONS/REVENUE WAS USED TO PAY FOR OPERATING COST OF PROVIDING THE RELIGOUS SERVICES BY THE ORGANIZATION. AN IMAM WAS HIRED TO PROVIDED SERVICES FOR THE PROGRAM (5X PRAYER AND LECTURES).

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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 $271,153

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $271,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,678

Fundraising Expenses $0

Program Expenses $120,946

Other Expenses $80,268

TOTAL EXPENSES $120,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,153	$271,153	N/A
Expenses	$120,946	$74,532	+0.6%
Net Income	$150,207	$196,621	-0.2%

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

180

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
MD KARIM	PRESIDENT	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	$271,153	$120,946	$864,124	$150,207
2023	$325,766	$116,581	$931,714	$209,185
2022	$263,643	$84,163	$827,719	$179,480
2021	$280,000	$279,900	$892,290	$100

WESTCHESTER SQUARE ISLAMIC CULTURAL CENTER INC