THE ISLAMIC FOUNDATION OF NEVADA (EIN 880405956) - 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

1998

Legal Domicile

Principal Officer

OSAMA HAIKAL

Phone

7026149002

Tax Period

2023-01-01 to 2023-12-31

THE ISLAMIC FOUNDATION OF NEVADA, founded in 1998, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $918K, a strong 28% operating margin.

Mission

TO PROVIDE A HIGH QUALITY OF EDUCATION TO ELEMENTARY AND SECONDARY SCHOOL CHILDREN AND TO PROVIDE THE LOCAL COMMUNITY A BURIAL PLACE TO PRACTICE TRADITIONAL FUNERAL RITES.

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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 $1,665,328

Program Service Revenue $1,565,776

Investment Income $17,096

Other Revenue $0

TOTAL REVENUE $3,248,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,237,148

Fundraising Expenses $0

Program Expenses $2,055,744

Other Expenses $1,092,750

TOTAL EXPENSES $2,329,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,248,200	$1,480,957	+1.2%
Expenses	$2,329,898	$2,568,256	-0.1%
Net Income	$918,302	$-1,087,299	-1.8%

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
OSAMA HAIKAL	SECRETARY	1.00	Officer Director	$0	$0	$0
OMAR ELAWAM	BOARD PRESID	1.00	Officer Director	$0	$0	$0
ABID SULAHRIA	TREASUER	1.00	Officer Director	$0	$0	$0
INAM LALEKA	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$3,248,200	$2,329,898	$6,265,666	$918,302
2022	$1,480,957	$2,568,256	$5,452,472	$-1,087,299
2021	$1,872,086	$1,864,858	$6,728,078	$7,228
2020	$2,066,662	$1,737,865	$6,712,079	$328,797
2019	$2,018,012	$2,066,428	$6,367,315	$-48,416
2018	$3,436,447	$2,002,154	$6,406,536	$1,434,293

THE ISLAMIC FOUNDATION OF NEVADA