OLYMPIA LACEY ISLAMIC CENTER

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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

1992

Legal Domicile

Principal Officer

John Ganie

Phone

3608883582

Tax Period

2023-01-01 to 2023-12-31

OLYMPIA LACEY ISLAMIC CENTER, founded in 1992, is a micro nonprofit in the Religion sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 32% operating deficit.

Mission

The Organization mission is to provide religious and educational services to the community and it's members.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The organization mission is to provide religious and educational services to the community and it's members.

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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 $12,586

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $16,569

TOTAL EXPENSES $16,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,586	$16,890	-0.3%
Expenses	$16,569	$14,818	+0.1%
Net Income	$-3,983	$2,072	-2.9%

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
Osman Gannie	Treasurer	15	Officer	$0	$0	$0
Omar Ghanie	President	20	Officer	$0	$0	$0
John Ganie	Secretary	15	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,586	$16,569	$598,161	$-3,983
2022	$16,890	$14,818	$602,144	$2,072
2021	$12,536	$11,063	$600,072	$1,473
2020	$22,318	$17,051	$598,599	$5,267