FRIENDS OF ASHA USA INC

EIN: 010557632 501(c)(3) Health Care

CAMBRIDGE, MA

Total Revenue
$426,067
Total Expenses
$283,322
Total Assets
$237,027
Net Assets
$235,262
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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
2001
Legal Domicile
MA
Principal Officer
ELIZABETH L HEMPTON
Phone
6177102036
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF ASHA USA INC, founded in 2001, is a small nonprofit in the Health Care sector that reported $426K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 34% operating margin.

Mission

TO ADDRESS ISSUES THAT KEEP PEOPLE IN POVERTY BY PROVIDING ACCESS TO HEALTHCARE, FINANCIAL SERVICES AND EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $428,076
Program Service Revenue $0
Investment Income $276
Other Revenue $-2,285
TOTAL REVENUE $426,067

Expense Breakdown

Grants Paid $265,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $265,000
Other Expenses $18,322
TOTAL EXPENSES $283,322

Year-over-Year Comparison

2023 2022 Change
Revenue $426,067 $252,789 +0.7%
Expenses $283,322 $240,696 +0.2%
Net Income $142,745 $12,093 +10.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN PETEET DIRECTOR 1.00
Director
$0 $0 $0
DR NALINA PRASAD DIRECTOR 1.00
Director
$0 $0 $0
MR M PASSI DIRECTOR 1.00
Director
$0 $0 $0
MANDY HILDENBRAND DIRECTOR 1.00
Director
$0 $0 $0
DR KIRAN MARTIN PRESIDENT 10.00
Officer
$0 $0 $0
ELIZABETH L HEMPTON TREASURER 8.00
Officer
$0 $0 $0
DR PETER CHOO CLERK 1.00
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
2024 No data No data No data No data
2023 $426,067 $283,322 $237,027 $142,745
2022 $252,789 $240,696 $92,869 $12,093
2021 $443,857 $447,745 $80,424 $-3,888
2020 $223,840 $169,522 $84,312 $54,318
2019 $262,265 $295,405 $29,994 $-33,140
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